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Hangzhou Huaxing Chuangye Communication Technology Co (SZSE:300025) Inventory Turnover : 2.61 (As of Mar. 2024)


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What is Hangzhou Huaxing Chuangye Communication Technology 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. Hangzhou Huaxing Chuangye Communication Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥143.1 Mil. Hangzhou Huaxing Chuangye Communication Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥54.8 Mil. Hangzhou Huaxing Chuangye Communication Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hangzhou Huaxing Chuangye Communication Technology Co's Days Inventory for the three months ended in Mar. 2024 was 34.98.

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. Hangzhou Huaxing Chuangye Communication Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.34.

Hangzhou Huaxing Chuangye Communication Technology Co Inventory Turnover Historical Data

The historical data trend for Hangzhou Huaxing Chuangye Communication Technology 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.

Hangzhou Huaxing Chuangye Communication Technology Co Inventory Turnover Chart

Hangzhou Huaxing Chuangye Communication Technology 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 4.46 5.52 12.04 15.20 15.30

Hangzhou Huaxing Chuangye Communication Technology 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 3.71 3.58 3.21 3.24 2.61

Hangzhou Huaxing Chuangye Communication Technology Co Inventory Turnover Calculation

Hangzhou Huaxing Chuangye Communication Technology 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 )
=610.371 / ((32.092 + 47.695) / 2 )
=610.371 / 39.8935
=15.30

Hangzhou Huaxing Chuangye Communication Technology 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 )
=143.072 / ((47.695 + 61.984) / 2 )
=143.072 / 54.8395
=2.61

* 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.

Hangzhou Huaxing Chuangye Communication Technology Co  (SZSE:300025) 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.

Hangzhou Huaxing Chuangye Communication Technology 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
=54.8395/143.072*365 / 4
=34.98

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.

Hangzhou Huaxing Chuangye Communication Technology 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 )
=54.8395 / 159.062
=0.34

* 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.

Hangzhou Huaxing Chuangye Communication Technology Co Inventory Turnover Related Terms

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Hangzhou Huaxing Chuangye Communication Technology Co (SZSE:300025) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Hangzhou Huaxing Chuangye Communication Technology Co Ltd (SZSE:300025) » Definitions » Inventory Turnover
Comparable Companies
SZSE:301139 SZSE:300560 SZSE:300299 SZSE:300921 SZSE:002148 SZSE:301380 SZSE:300766 SHSE:603602 SZSE:002467 SZSE:300959 SHSE:600941 CMCSA TMUS VZ T XTER:DTE TSE:9432 NSE:BHARTIARTL HKSE:00728 TSE:9433
Traded in Other Exchanges
N/A
Address
No. 500, Jucai Road, Changhe Street, Binjiang District, Zhejiang, Hangzhou, CHN, 310052
Website
http://www.hxcy.com.cn
Hangzhou Huaxing Chuangye Communication Technology Co Ltd is engaged in providing mobile communication technology services and internet data services. The service provided by the company include mobile communication networks, engineering construction, room division engineering, network foundation generation, and network evaluation and optimization.
Executives
Xia Jian Miao Supervisors
Zhang Min Executives
Shou Zou Independent director
Bao Hang Directors, Directors, and Executives
Cheng Xiao Yan Director
Qu Zhen Sheng Directors, executives
Chen Jin Guang Directors, executives
Li Hua Executives
Du Guang Ming Supervisors
Huang Bo Supervisors
Zhou You Executives
Liu Han Supervisors

Hangzhou Huaxing Chuangye Communication Technology Co (SZSE:300025) Headlines

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