Henan Zhongfu Industrial Co (SHSE:600595) Inventory Turnover : 2.02 (As of Mar. 2024)

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What is Henan Zhongfu Industrial 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. Henan Zhongfu Industrial Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,878 Mil. Henan Zhongfu Industrial Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥2,419 Mil. Henan Zhongfu Industrial Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Henan Zhongfu Industrial Co's Days Inventory for the three months ended in Mar. 2024 was 45.24.

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. Henan Zhongfu Industrial Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.47.

Henan Zhongfu Industrial Co Inventory Turnover Historical Data

The historical data trend for Henan Zhongfu Industrial 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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Henan Zhongfu Industrial Co Inventory Turnover Chart

Henan Zhongfu Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.78

5.67

7.44

7.30

6.95

Henan Zhongfu Industrial 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															1.56	1.83	1.79	1.85	2.02

Henan Zhongfu Industrial Co Inventory Turnover Calculation

Henan Zhongfu Industrial 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 )
=	15841.155	/ (	(2193.333	+	2367.146)	/	2 )
=	15841.155	/	2280.2395
=	6.95

Henan Zhongfu Industrial 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 )
=	4878.043	/ (	(2367.146	+	2470.193)	/	2 )
=	4878.043	/	2418.6695
=	2.02

Henan Zhongfu Industrial Co (SHSE:600595) 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.

Henan Zhongfu Industrial 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
	=	2418.6695	/	4878.043	*	365 / 4
	=	45.24

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.

Henan Zhongfu Industrial 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 )
	=	2418.6695	/	5182.18
	=	0.47

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.

Henan Zhongfu Industrial Co Inventory Turnover Related Terms

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Henan Zhongfu Industrial Co (SHSE:600595) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Henan Zhongfu Industrial Co Ltd (SHSE:600595) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 31 Xinhua Road, Gongyi, Henan, CHN, 451200

Website

http://www.zfsy.com.cn

Henan Zhongfu Industrial Co Ltd is engaged in the production and distribution of electrolytic aluminum and aluminum sectional materials in China. Its product includes Plate and Coil; Billet; and Wire rod.

Executives

Zhang Song Jiang	Director
Yang Ping	senior management
Mei Jun	senior management
Yao Guo Liang	Director
He Huai Qin	Director
Cui Hong Song	Director
Zhang Jian Cheng	Director
Ma Zhi Guo	Supervisors

Henan Zhongfu Industrial Co (SHSE:600595) Headlines

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