Hi Sun Technology (China) (Hi Sun Technology (China)) Inventory Turnover : 45.87 (As of Dec. 2023)

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What is Hi Sun Technology (China) 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. Hi Sun Technology (China)'s Cost of Goods Sold for the six months ended in Dec. 2023 was $113.0 Mil. Hi Sun Technology (China)'s Average Total Inventories for the quarter that ended in Dec. 2023 was $2.5 Mil. Hi Sun Technology (China)'s Inventory Turnover for the quarter that ended in Dec. 2023 was 45.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hi Sun Technology (China)'s Days Inventory for the six months ended in Dec. 2023 was 3.98.

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. Hi Sun Technology (China)'s Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Hi Sun Technology (China) Inventory Turnover Historical Data

The historical data trend for Hi Sun Technology (China)'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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Hi Sun Technology (China) Inventory Turnover Chart

Hi Sun Technology (China) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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33.03

26.21

42.08

115.77

89.73

Hi Sun Technology (China) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															21.61	63.62	56.28	44.01	45.87

Hi Sun Technology (China) Inventory Turnover Calculation

Hi Sun Technology (China)'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 )
=	219.85	/ (	(2.406	+	2.494)	/	2 )
=	219.85	/	2.45
=	89.73

Hi Sun Technology (China)'s Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	113.025	/ (	(2.434	+	2.494)	/	2 )
=	113.025	/	2.464
=	45.87

Hi Sun Technology (China) (OTCPK:HISNF) 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.

Hi Sun Technology (China)'s Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	2.464	/	113.025	*	365 / 2
	=	3.98

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.

Hi Sun Technology (China)'s Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	2.464	/	179.076
	=	0.01

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.

Hi Sun Technology (China) Inventory Turnover Related Terms

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Hi Sun Technology (China) (Hi Sun Technology (China)) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Hi Sun Technology (China) Ltd (OTCPK:HISNF) » Definitions » Inventory Turnover

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00818:Hong Kong

Address

30 Harbour Road, Room 2515, 25th Floor, Sun Hung Kai Centre, Wanchai, HKG

Website

http://www.hisun.com.hk

Hi Sun Technology (China) Ltd has five operating segments: payment processing, financial solutions, electronic power meters, Information security chips & solutions, and platform operation solutions. The payment processing solutions segment is engaged in the provision of payment processing services, merchant recruiting, and related products and solutions. Financial solutions provide consulting, integration, and operation services of information technology products to financial institutions and banks. The firm manufactures electronic power meters primarily for the public sector. Platform operation solutions provide operational support for telecom and payment platform solutions. Its geographical segments are Mainland China and Hong Kong.

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