Guangzhou Haige Communications Group Co (SZSE:002465) Inventory Turnover : 0.50 (As of Mar. 2024)

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What is Guangzhou Haige Communications 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. Guangzhou Haige Communications Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥779 Mil. Guangzhou Haige Communications Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,568 Mil. Guangzhou Haige Communications Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangzhou Haige Communications Group Co's Days Inventory for the three months ended in Mar. 2024 was 183.63.

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. Guangzhou Haige Communications Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.37.

Guangzhou Haige Communications Group Co Inventory Turnover Historical Data

The historical data trend for Guangzhou Haige Communications 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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Guangzhou Haige Communications Group Co Inventory Turnover Chart

Guangzhou Haige Communications Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.79

1.84

1.82

2.06

2.67

Guangzhou Haige Communications 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															0.40	0.66	0.40	0.91	0.50

Guangzhou Haige Communications Group Co Inventory Turnover Calculation

Guangzhou Haige Communications 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 )
=	4347.346	/ (	(1635.262	+	1620.323)	/	2 )
=	4347.346	/	1627.7925
=	2.67

Guangzhou Haige Communications 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 )
=	779.207	/ (	(1620.323	+	1515.779)	/	2 )
=	779.207	/	1568.051
=	0.50

Guangzhou Haige Communications Group Co (SZSE:002465) 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.

Guangzhou Haige Communications 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
	=	1568.051	/	779.207	*	365 / 4
	=	183.63

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.

Guangzhou Haige Communications 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 )
	=	1568.051	/	1144.317
	=	1.37

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.

Guangzhou Haige Communications Group Co Inventory Turnover Related Terms

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Guangzhou Haige Communications Group Co (SZSE:002465) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangzhou Haige Communications Group Inc Co (SZSE:002465) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

88 Haiyun Road, Science City, High-tech Industrial Development Zone, Guangzhou, CHN, 510663

Website

http://www.haige.com

Guangzhou Haige Communications Group Inc Co is engaged in the business of manufacturing wireless communication and navigation systems. It provides software solutions to government, finance, transportation, and national defense sectors.

Executives

Yang Hai Zhou	Director
Yu Qing Song	Directors, executives
Zhou Wei Ji	Executives
Jiang Zhen Dong	Supervisors
Guo Hong	Executives
Yang Wei Lan	Executives
Wen Jun Wei	Executives
Yu Bin	Executives
Wen Li Xia	Executives
Tan Wei Ming	Directors, executives
Zhang Zhi Qiang	Directors, executives
Chen Hua Sheng	Directors, executives
Zhang Jian	Executives
Wang Jun	Director
Zhao You Yong	Director

Guangzhou Haige Communications Group Co (SZSE:002465) Headlines

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