Henan Hengxing Science & Technology Co (SZSE:002132) Inventory Turnover : 1.32 (As of Mar. 2024)

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What is Henan Hengxing Science & Technology 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 Hengxing Science & Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,028 Mil. Henan Hengxing Science & Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥781 Mil. Henan Hengxing Science & Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Henan Hengxing Science & Technology Co's Days Inventory for the three months ended in Mar. 2024 was 69.35.

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 Hengxing Science & Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.69.

Henan Hengxing Science & Technology Co Inventory Turnover Historical Data

The historical data trend for Henan Hengxing Science & Technology 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 Hengxing Science & Technology Co Inventory Turnover Chart

Henan Hengxing Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.54

5.07

5.88

5.14

4.79

Henan Hengxing Science & Technology 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															0.88	1.18	1.29	1.48	1.32

Henan Hengxing Science & Technology Co Inventory Turnover Calculation

Henan Hengxing Science & Technology 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 )
=	4108.783	/ (	(936.413	+	777.665)	/	2 )
=	4108.783	/	857.039
=	4.79

Henan Hengxing Science & Technology 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 )
=	1027.806	/ (	(777.665	+	784.627)	/	2 )
=	1027.806	/	781.146
=	1.32

Henan Hengxing Science & Technology Co (SZSE:002132) 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 Hengxing Science & Technology 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
	=	781.146	/	1027.806	*	365 / 4
	=	69.35

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 Hengxing Science & Technology 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 )
	=	781.146	/	1126.087
	=	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.

Henan Hengxing Science & Technology Co Inventory Turnover Related Terms

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Henan Hengxing Science & Technology Co (SZSE:002132) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Henan Hengxing Science & Technology Co Ltd (SZSE:002132) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 121 Yiluo North Road, Gongyi, Henan, CHN, 451251

Website

http://www.hengxingchinese.com

Henan Hengxing Science & Technology Co Ltd is engaged in the production of steel in China. The company mainly produces steel cords, hose steel wires, ultra-fine steel wires, galvanized and alloy coated steel wires, steel strands and PC steel strands for radial tires. Its products are widely used in automobile tires, rubber hoses, power cables, overhead power lines, high-speed railways, ports, and silicon wafer cutting for photovoltaic solar energy.

Executives

Li Ming	Directors, executives
Xu Hui Jing	Directors, executives
Xie Bao Wan	Director
Xie Bao Jian	Executives
Zhang Yun Hong	Directors, executives
Xie Xiao Long	Directors, executives
Xie Jin Bao	Executives
Zhao Wen Juan	Directors, executives
Bai Zhong Xiang	Independent director
Xie Bao Jun	Director
Chen Bing Zhang	Director
Tan Shi Hong	Supervisors
Li Bao Jie	Executives
Jiao Yao Zhong	Directors, executives
Xie Fu Qiang	Director

Henan Hengxing Science & Technology Co (SZSE:002132) Headlines

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