Hwa Create (SZSE:300045) Inventory Turnover : 0.28 (As of Mar. 2024)

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What is Hwa Create 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. Hwa Create's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥111.0 Mil. Hwa Create's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥392.1 Mil. Hwa Create's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hwa Create's Days Inventory for the three months ended in Mar. 2024 was 322.23.

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. Hwa Create's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.26.

Hwa Create Inventory Turnover Historical Data

The historical data trend for Hwa Create'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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Hwa Create Inventory Turnover Chart

Hwa Create Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.92

1.67

1.52

0.83

1.35

Hwa Create 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															0.15	0.22	0.35	0.53	0.28

Hwa Create Inventory Turnover Calculation

Hwa Create'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 )
=	464.094	/ (	(347.097	+	341.193)	/	2 )
=	464.094	/	344.145
=	1.35

Hwa Create'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 )
=	111.048	/ (	(341.193	+	443.099)	/	2 )
=	111.048	/	392.146
=	0.28

Hwa Create (SZSE:300045) 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.

Hwa Create'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
	=	392.146	/	111.048	*	365 / 4
	=	322.23

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.

Hwa Create'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 )
	=	392.146	/	173.862
	=	2.26

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.

Hwa Create Inventory Turnover Related Terms

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Hwa Create (SZSE:300045) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Hwa Create Corp (SZSE:300045) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Dongbeiwangxi Road, Chuangtong Technology Building, Building 18, Zhongguancun Software Park, Haidian District, Beijing, CHN, 100193

Website

http://www.hwacreate.com.cn

Hwa Create Corp is a China-based company engaged in the research and development, manufacturing, and sale of technologies and products of satellite navigation, radar and communication, navigation and communication antenna and embedded system. Its products are used in electromechanical industries of aviation, aerospace, ship and emulation training. The products of the company include Beidou satellite navigation chips, application modules, and their corresponding simulated test devices, designated antenna for satellite navigation, embedded modules and simulated test devices for radar and communication system, computer simulation and test platform for the electromechanical system, and computer simulation application development services.

Executives

Wang Wei	Directors, executives
Wu Meng Bing	Directors, executives
Xiong Yun Hong	Director
Wang Qi	Director
Zhang Hai Ying	Independent director
Li Zong Li	Director
Lu Jun	Director
Chen Kang	Executives
Liu Jie Hua	Executives
Huang Jian Xin	Executives
Fu Zheng Jun	Executives
Huang Yu Bin	Executives
Gao Xiao Li	Directors, executives
Chen Yan	Supervisors
Wang Ning	Supervisors

Hwa Create (SZSE:300045) Headlines

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