Aerospace Hi-tech Holding Group Co (SZSE:000901) Inventory Turnover : 0.69 (As of Mar. 2024)

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What is Aerospace Hi-tech Holding Group Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Aerospace Hi-tech Holding Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,351 Mil. Aerospace Hi-tech Holding Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,962 Mil. Aerospace Hi-tech Holding Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aerospace Hi-tech Holding Group Co's Days Inventory for the three months ended in Mar. 2024 was 132.50.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Aerospace Hi-tech Holding Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.19.

Aerospace Hi-tech Holding Group Co Inventory Turnover Historical Data

The historical data trend for Aerospace Hi-tech Holding Group Co's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Aerospace Hi-tech Holding Group Co Inventory Turnover Chart

Aerospace Hi-tech Holding Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.28

3.79

3.80

3.03

3.06

Aerospace Hi-tech Holding Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.71	0.66	0.72	0.95	0.69

Aerospace Hi-tech Holding Group Co Inventory Turnover Calculation

Aerospace Hi-tech Holding Group Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	5690.397	/ (	(1759.145	+	1960.819)	/	2 )
=	5690.397	/	1859.982
=	3.06

Aerospace Hi-tech Holding Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1351.132	/ (	(1960.819	+	1963.145)	/	2 )
=	1351.132	/	1961.982
=	0.69

Aerospace Hi-tech Holding Group Co (SZSE:000901) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Aerospace Hi-tech Holding Group Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1961.982	/	1351.132	*	365 / 4
	=	132.50

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Aerospace Hi-tech Holding Group Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1961.982	/	1646.601
	=	1.19

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Aerospace Hi-tech Holding Group Co Inventory Turnover Related Terms

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Aerospace Hi-tech Holding Group Co (SZSE:000901) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Aerospace Hi-tech Holding Group Co Ltd (SZSE:000901) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 45 Haping West Road, Pingfang District, Heilongjiang Province, Harbin, Heilongjiang, CHN, 100070

Website

http://www.as-hitech.com

Aerospace Hi-tech Holding Group Co Ltd is principally engaged in the research, development, manufacture and sale of automobile electronic products, environmental protection monitoring products and aerospace products in China.

Executives

Guo You Zhi	Director
Huai Xiao Feng	Independent director
Dong Gui Bin	Directors, executives

Aerospace Hi-tech Holding Group Co (SZSE:000901) Headlines

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