Avic Heavy Machinery Co (SHSE:600765) Inventory Turnover : 0.51 (As of Mar. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Avic Heavy Machinery 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. Avic Heavy Machinery Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,860 Mil. 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 Inventory Turnover for the quarter that ended in Mar. 2024 was 0.51.

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-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 quarter that ended in Mar. 2024 was 1.38.

Avic Heavy Machinery Co Inventory Turnover Historical Data

The historical data trend for Avic Heavy Machinery 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.

* Premium members only.

Avic Heavy Machinery Co Inventory Turnover Chart

Avic Heavy Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

1.89

1.78

2.00

2.28

2.07

Avic Heavy Machinery 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															0.47	0.57	0.47	0.52	0.51

Avic Heavy Machinery Co Inventory Turnover Calculation

Avic Heavy Machinery 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 )
=	7268.492	/ (	(3315.635	+	3721.047)	/	2 )
=	7268.492	/	3518.341
=	2.07

Avic Heavy Machinery 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 )
=	1860.131	/ (	(3721.047	+	3577.15)	/	2 )
=	1860.131	/	3649.0985
=	0.51

Avic Heavy Machinery Co (SHSE:600765) 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.

Avic Heavy Machinery 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
	=	3649.0985	/	1860.131	*	365 / 4
	=	179.01

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.

Avic Heavy Machinery 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 )
	=	3649.0985	/	2648.296
	=	1.38

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.

Avic Heavy Machinery Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Avic Heavy Machinery Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Avic Heavy Machinery Co (SHSE:600765) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Avic Heavy Machinery Co Ltd (SHSE:600765) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 501, Beitun Road, Xintian Village, Wudang District, Guizhou Province, Guiyang, CHN, 550018

Website

http://www.hm.avic.com

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.

Executives

Li Yang	senior management
Hu Ling Hong	Directors, senior managers
Ji Sheng Li	senior management
Zhang Zheng Yuan	senior management
Mao Yuan	Supervisors
Ran Xing	Director
Wang Zhi Hong	senior management
Qiao Kun	senior management
Liu Zhong Wen	senior management
Sun Ji Bing	senior management
Li Xue Qin	Director
Jiang Chao	Director
Ji Su Chun	senior management
Huang Yun	Director
Hu Hai Yin	senior management

Avic Heavy Machinery Co (SHSE:600765) Headlines

No Headlines