Hongli Zhihui Group Co (SZSE:300219) Inventory Turnover : 1.07 (As of Mar. 2024)

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What is Hongli Zhihui 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. Hongli Zhihui Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥653 Mil. Hongli Zhihui Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥611 Mil. Hongli Zhihui Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hongli Zhihui Group Co's Days Inventory for the three months ended in Mar. 2024 was 85.30.

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. Hongli Zhihui Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.76.

Hongli Zhihui Group Co Inventory Turnover Historical Data

The historical data trend for Hongli Zhihui 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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Hongli Zhihui Group Co Inventory Turnover Chart

Hongli Zhihui Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.01

5.52

5.91

5.12

5.37

Hongli Zhihui 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															1.07	1.30	1.18	1.41	1.07

Hongli Zhihui Group Co Inventory Turnover Calculation

Hongli Zhihui 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 )
=	2911.386	/ (	(505.587	+	577.836)	/	2 )
=	2911.386	/	541.7115
=	5.37

Hongli Zhihui 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 )
=	653.391	/ (	(577.836	+	643.668)	/	2 )
=	653.391	/	610.752
=	1.07

Hongli Zhihui Group Co (SZSE:300219) 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.

Hongli Zhihui 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
	=	610.752	/	653.391	*	365 / 4
	=	85.30

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.

Hongli Zhihui 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 )
	=	610.752	/	805.33
	=	0.76

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.

Hongli Zhihui Group Co Inventory Turnover Related Terms

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Hongli Zhihui Group Co (SZSE:300219) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hongli Zhihui Group Co Ltd (SZSE:300219) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

West Dongfeng Highway, Auto City Huadu, Guangzhou City, CHN, 510800

Website

http://www.honglitronic.com/cn/index.html

Hongli Zhihui Group Co Ltd is engaged in the production and development of SMD LEDs, COB LEDs, High Power LEDs, Automotive LEDs, UV LEDs, LAMP LEDs, and Infrared LEDs. Its products are widely used in applied in general lighting, TV backlight, 3C, automotive lighting, display and other fields.

Executives

Li Jun Dong	Directors, executives
Li Guo Ping	Director
Liu Xin Guo	Director
Jia He Chao	Directors, executives
Dong Jin Ling	Director
Deng Shou Tie	Directors, executives
Yong Xin	Supervisors
Sun Chang Yuan	Executives
Chen Shu Fen	Supervisors
Yang Yong Fa	Executives
Wang Yu Hong	Director
Lei Li Ning	Directors, executives
Shi Chao	Supervisors
Liu Yu Sheng	Executives

Hongli Zhihui Group Co (SZSE:300219) Headlines

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