Kehua Data Co (SZSE:002335) Inventory Turnover : 1.07 (As of Mar. 2024)

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What is Kehua Data 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. Kehua Data Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥802 Mil. Kehua Data Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥752 Mil. Kehua Data Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kehua Data Co's Days Inventory for the three months ended in Mar. 2024 was 85.57.

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. Kehua Data Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.64.

Kehua Data Co Inventory Turnover Historical Data

The historical data trend for Kehua Data 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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Kehua Data Co Inventory Turnover Chart

Kehua Data Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.29

7.13

7.67

5.49

6.99

Kehua Data 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															0.94	1.25	1.54	2.31	1.07

Kehua Data Co Inventory Turnover Calculation

Kehua Data 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 )
=	5914.88	/ (	(980.917	+	710.543)	/	2 )
=	5914.88	/	845.73
=	6.99

Kehua Data 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 )
=	802.087	/ (	(710.543	+	793.725)	/	2 )
=	802.087	/	752.134
=	1.07

Kehua Data Co (SZSE:002335) 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.

Kehua Data 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
	=	752.134	/	802.087	*	365 / 4
	=	85.57

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.

Kehua Data 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 )
	=	752.134	/	1183.985
	=	0.64

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.

Kehua Data Co Inventory Turnover Related Terms

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Kehua Data Co (SZSE:002335) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kehua Data Co Ltd (SZSE:002335) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 457, Malong Road, Torch Park, Torch High-tech Zone, Fujian, Xiamen, CHN, 361006

Website

http://www.kehua.com.cn

Kehua Data Co Ltd engages in the research, development, manufacture, and sale of renewable energy and data center products. Its product offerings include central inverters, inverter containers, and central distribution systems; energy storage systems and converters, and storage batteries; grid-tied PV and string inverters; solar controllers, off-grid inverters and chargers, single and three phase inverters and others.

Executives

Lin Qing Min	Executives
Chen Si Xiong	Directors, executives
Lai Yong Chun	Supervisors
Chen Hao	Directors, executives
Tang Shan	Executives
Lin Tao	Directors, executives
Cui Jian	Executives
Lin Yi	Directors, executives
Lu Ming Fu	Supervisors
Deng Hong Fei	Executives
Su Rui Yu	Executives
Liang Shu Zhan	Supervisors
Huang Qing Feng	Executives
Wu Jian Wen	Directors, Directors, and Executives
Wu Hong Li	Executives

Kehua Data Co (SZSE:002335) Headlines

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