Zhejiang Hengwei Battery Co (SZSE:301222) Inventory Turnover : 1.03 (As of Mar. 2024)

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What is Zhejiang Hengwei Battery 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. Zhejiang Hengwei Battery Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥104.4 Mil. Zhejiang Hengwei Battery Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥101.6 Mil. Zhejiang Hengwei Battery Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Hengwei Battery Co's Days Inventory for the three months ended in Mar. 2024 was 88.76.

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. Zhejiang Hengwei Battery Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.69.

Zhejiang Hengwei Battery Co Inventory Turnover Historical Data

The historical data trend for Zhejiang Hengwei Battery 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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Zhejiang Hengwei Battery Co Inventory Turnover Chart

Zhejiang Hengwei Battery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.54

5.82

5.32

4.32

4.10

Zhejiang Hengwei Battery Co Quarterly Data
	Jun17	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.94	1.01	1.34	1.16	1.03

Zhejiang Hengwei Battery Co Inventory Turnover Calculation

Zhejiang Hengwei Battery 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 )
=	423.501	/ (	(108.962	+	97.414)	/	2 )
=	423.501	/	103.188
=	4.10

Zhejiang Hengwei Battery 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 )
=	104.446	/ (	(97.414	+	105.777)	/	2 )
=	104.446	/	101.5955
=	1.03

Zhejiang Hengwei Battery Co (SZSE:301222) 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.

Zhejiang Hengwei Battery 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
	=	101.5955	/	104.446	*	365 / 4
	=	88.76

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.

Zhejiang Hengwei Battery 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 )
	=	101.5955	/	146.292
	=	0.69

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.

Zhejiang Hengwei Battery Co Inventory Turnover Related Terms

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Zhejiang Hengwei Battery Co (SZSE:301222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Hengwei Battery Co Ltd (SZSE:301222) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 77 Zhengyang West Road, Youchegang, Xiuzhou District, Zhejiang Province, Jiaxing, CHN, 314018

Website

http://www.hwbattery.com

Zhejiang Hengwei Battery Co Ltd is engaged in the production and sales of dry batteries and their accessories, and supporting small household appliances; research and development, manufacturing, sales and related technical services of battery parts and special equipment for battery production; engaged in import and export business.

Executives

Xu Yao Ting

Directors, executives

Zhejiang Hengwei Battery Co (SZSE:301222) Headlines

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