What is Avic Heavy Machinery Co Inventory-to-Revenue?
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. Avic Heavy Machinery Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥3,649 Mil. Avic Heavy Machinery Co's Revenue for the
three
months ended in Mar. 2024 was ¥2,648 Mil.
Avic Heavy Machinery Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.38.
Avic Heavy Machinery Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024
declined
from Dec. 2023 (1.43) to Dec. 2023 (1.38)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Avic Heavy Machinery Co's Days Inventory for the
three
months ended in Mar. 2024 was 179.01.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Avic Heavy Machinery Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.51.
Avic Heavy Machinery Co Inventory-to-Revenue Historical Data
The historical data trend for Avic Heavy Machinery Co's Inventory-to-Revenue 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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Avic Heavy Machinery Co Inventory-to-Revenue Chart
Competitive Comparison of Avic Heavy Machinery Co's Inventory-to-Revenue
For the Specialty Industrial Machinery subindustry, Avic Heavy Machinery Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Avic Heavy Machinery Co's Inventory-to-Revenue Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Avic Heavy Machinery Co's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Avic Heavy Machinery Co's Inventory-to-Revenue falls into.
Avic Heavy Machinery Co Inventory-to-Revenue Calculation
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.
Avic Heavy Machinery Co's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Avic Heavy Machinery Co (SHSE:600765) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Avic Heavy Machinery Co's Days Inventory for the
three
months ended in Mar. 2024 is calculated as:
* 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.
Avic Heavy Machinery Co Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Avic Heavy Machinery Co's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Avic Heavy Machinery Co (SHSE:600765) Business Description
Avic Heavy Machinery Co Ltd is a China-based company engaged in the development, production, and sale of both military and civilian-used high-end equipment. It manufactures hydraulic parts, hydraulic systems, forging products, heat exchangers and gas turbines in China. The company operates in the business areas of Forging business, Hydraulic business, and New energy business. In the Forging business, the company mainly produces die forgings, free forgings, isothermal forgings and rings of different materials. In Hydraulic business, the main products are various types of heat exchangers, high-speed rotating machinery (turbine, pumps, fans), oil tanks, cooling devices, high-temperature insulation components.
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