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Suzhou Hesheng Special Material Co (SZSE:002290) Inventory Turnover : 1.16 (As of Mar. 2024)


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What is Suzhou Hesheng Special Material 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. Suzhou Hesheng Special Material Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥492 Mil. Suzhou Hesheng Special Material Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥425 Mil. Suzhou Hesheng Special Material Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Suzhou Hesheng Special Material Co's Days Inventory for the three months ended in Mar. 2024 was 78.92.

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. Suzhou Hesheng Special Material Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.77.


Suzhou Hesheng Special Material Co Inventory Turnover Historical Data

The historical data trend for Suzhou Hesheng Special Material 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.

* Premium members only.

Suzhou Hesheng Special Material Co Inventory Turnover Chart

Suzhou Hesheng Special Material Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.62 4.77 5.02 4.90 5.50

Suzhou Hesheng Special Material 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.15 1.25 1.35 1.40 1.16

Suzhou Hesheng Special Material Co Inventory Turnover Calculation

Suzhou Hesheng Special Material 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 )
=2087.131 / ((343.749 + 415.256) / 2 )
=2087.131 / 379.5025
=5.50

Suzhou Hesheng Special Material 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 )
=491.889 / ((415.256 + 435.627) / 2 )
=491.889 / 425.4415
=1.16

* 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.


Suzhou Hesheng Special Material Co  (SZSE:002290) 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.

Suzhou Hesheng Special Material 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
=425.4415/491.889*365 / 4
=78.92

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.

Suzhou Hesheng Special Material 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 )
=425.4415 / 549.153
=0.77

* 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.


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.


Suzhou Hesheng Special Material Co Inventory Turnover Related Terms

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Suzhou Hesheng Special Material Co (SZSE:002290) Business Description

Traded in Other Exchanges
N/A
Address
No.135 Wangdun Road, Room 2408, Building 1, Rongsheng Business Center, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN, 215000
Suzhou Hesheng Special Material Co Ltd is engaged in the production of composite materials for home appliances. The business of the company includes substrate performance and application testing, research and development of high performance surface materials, and technical services for materials applications.
Executives
Wang Wen Qi Secretary, Director
Zhang Xiao Xuan Director
Ren Jie Director
Zhao Dong Ming Director
Zhang Wen Hua Directors, executives
Yuan Wen Xiong Directors, Directors, and Executives
Zhang Fu Jun Executives
Guo Hong Bin Executives

Suzhou Hesheng Special Material Co (SZSE:002290) Headlines

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