Shandong Humon Smelting Co (SZSE:002237) Inventory Turnover : 2.17 (As of Mar. 2024)

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What is Shandong Humon Smelting 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. Shandong Humon Smelting Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥20,244 Mil. Shandong Humon Smelting Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥9,345 Mil. Shandong Humon Smelting Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shandong Humon Smelting Co's Days Inventory for the three months ended in Mar. 2024 was 42.12.

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. Shandong Humon Smelting Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.45.

Shandong Humon Smelting Co Inventory Turnover Historical Data

The historical data trend for Shandong Humon Smelting 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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Shandong Humon Smelting Co Inventory Turnover Chart

Shandong Humon Smelting Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.23

4.26

4.50

5.42

6.97

Shandong Humon Smelting 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															1.77	1.64	1.98	1.57	2.17

Shandong Humon Smelting Co Inventory Turnover Calculation

Shandong Humon Smelting 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 )
=	63793.16	/ (	(9002.593	+	9309.295)	/	2 )
=	63793.16	/	9155.944
=	6.97

Shandong Humon Smelting 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 )
=	20243.609	/ (	(9309.295	+	9380.716)	/	2 )
=	20243.609	/	9345.0055
=	2.17

Shandong Humon Smelting Co (SZSE:002237) 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.

Shandong Humon Smelting 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
	=	9345.0055	/	20243.609	*	365 / 4
	=	42.12

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.

Shandong Humon Smelting 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 )
	=	9345.0055	/	20807.523
	=	0.45

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.

Shandong Humon Smelting Co Inventory Turnover Related Terms

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Shandong Humon Smelting Co (SZSE:002237) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shandong Humon Smelting Co Ltd (SZSE:002237) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Shuidao Town, Muping District, Shandong Province, Yantai, CHN, 264109

Website

http://www.hbyl.cn

Shandong Humon Smelting Co Ltd is a China-based company engaged in the exploration, mining, and smelting of gold and the manufacturing of chemical products. The main products are vitriol, gold, silver, sulfuric acid, cathode copper, electrolytic copper and ammonium phosphate, and electrolytic lead.

Executives

Zhang Jun Feng	Executives
Wang Xin En	Secretary, Director
Zhan Shu Ping	Independent director
Jiang Lan Ying	Supervisors
Wang Na	Supervisors
Zhang Yan Han	Supervisors
Gao Zheng Lin	Director
Zhang Ji Xue	Director
Wang Jia Hao	Director
Kong Tao	Supervisors
Xu Jing Xi	Director

Shandong Humon Smelting Co (SZSE:002237) Headlines

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