Guangdong Haid Group Co (SZSE:002311) Inventory Turnover : 2.03 (As of Mar. 2024)

View and export this data going back to 2009. Start your Free Trial

What is Guangdong Haid 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. Guangdong Haid Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥20,681 Mil. Guangdong Haid Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥10,201 Mil. Guangdong Haid Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangdong Haid Group Co's Days Inventory for the three months ended in Mar. 2024 was 45.01.

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. Guangdong Haid Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.44.

Guangdong Haid Group Co Inventory Turnover Historical Data

The historical data trend for Guangdong Haid 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.

* Premium members only.

Guangdong Haid Group Co Inventory Turnover Chart

Guangdong Haid Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

9.07

9.10

9.71

8.80

9.42

Guangdong Haid 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															1.73	2.20	2.66	2.53	2.03

Guangdong Haid Group Co Inventory Turnover Calculation

Guangdong Haid 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 )
=	106280.619	/ (	(12625.082	+	9935.864)	/	2 )
=	106280.619	/	11280.473
=	9.42

Guangdong Haid 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 )
=	20680.612	/ (	(9935.864	+	10467.008)	/	2 )
=	20680.612	/	10201.436
=	2.03

Guangdong Haid Group Co (SZSE:002311) 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.

Guangdong Haid 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
	=	10201.436	/	20680.612	*	365 / 4
	=	45.01

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.

Guangdong Haid 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 )
	=	10201.436	/	23171.736
	=	0.44

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.

Guangdong Haid Group Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Guangdong Haid Group Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Guangdong Haid Group Co (SZSE:002311) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Guangdong Haid Group Co Ltd (SZSE:002311) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Haid Mansion, No. 42, Road 4, Room 701, Building 2, Panyu District, Wangbo, Nancun Town, Guangzhou, CHN, 511445

Website

https://www.haid.com.cn

Guangdong Haid Group Co Ltd is a China-based company. It is engaged in the production and sale of aquatic, livestock, poultry foodstuffs, animal healthcare products, and seedling. Geographically, it derives a majority of revenue from Southern China and also has a presence in Eastern China, Northern China, Central China, and Overseas.

Executives

Shen Dong	Supervisors
Chen Zhong Zhu	Executives
Mi Guo Cheng	Executives
Liu Guo Xiang	Executives
Jiang Xie Wu	Executives
Cheng Qi	Directors, executives
Qian Xue Qiao	Directors, executives
Huang Zhi Jian	Directors, executives
Lu Jie Wen	Securities Affairs Representative
Yang Shao Lin	Executives
Yang Hua Fang	Securities Affairs Representative
Tian Li	Directors, executives
Qi Zhen Xiong	Supervisors
Xie Ming Quan	Supervisors
Wang Jing	Supervisors

Guangdong Haid Group Co (SZSE:002311) Headlines

No Headlines