Haimo Technologies Group (SZSE:300084) Inventory Turnover : 0.12 (As of Mar. 2024)

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What is Haimo Technologies Group 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. Haimo Technologies Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥43.5 Mil. Haimo Technologies Group's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥359.7 Mil. Haimo Technologies Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Haimo Technologies Group's Days Inventory for the three months ended in Mar. 2024 was 754.96.

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. Haimo Technologies Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 5.49.

Haimo Technologies Group Inventory Turnover Historical Data

The historical data trend for Haimo Technologies Group'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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Haimo Technologies Group Inventory Turnover Chart

Haimo Technologies Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.00

0.83

0.87

0.93

1.16

Haimo Technologies Group 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															0.11	0.14	0.22	0.58	0.12

Haimo Technologies Group Inventory Turnover Calculation

Haimo Technologies Group'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 )
=	447.209	/ (	(420.41	+	348.892)	/	2 )
=	447.209	/	384.651
=	1.16

Haimo Technologies Group'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 )
=	43.477	/ (	(348.892	+	370.526)	/	2 )
=	43.477	/	359.709
=	0.12

Haimo Technologies Group (SZSE:300084) 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.

Haimo Technologies Group'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
	=	359.709	/	43.477	*	365 / 4
	=	754.96

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.

Haimo Technologies Group'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 )
	=	359.709	/	65.467
	=	5.49

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.

Haimo Technologies Group Inventory Turnover Related Terms

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Haimo Technologies Group (SZSE:300084) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Haimo Technologies Group Corp (SZSE:300084) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 593, Zhang Sutan, Chengguan District, Gansu Province, Lanzhou, CHN, 730010

Website

http://www.haimotech.com

Haimo Technologies Group Corp is engaged in energy production, equipment supply, environmental protection, and data management and production optimization services. The company also offers multi-phase metering services to oil field service companies. The products and services of the company include fracturing equipment and services, environmental protection equipment and services, and integrated production optimization services.

Executives

Su Zhan Cai	Directors, executives
Ma Jun	Executives
Dou Jian Wen	Executives, directors
Wu Rui Rui	Securities Affairs Representative
Li Jian Guo	Directors, executives
Zhou Jian Feng	Director
Zhang Li Qiang	Directors, Directors, and Executives
Chen Ji Ge	Directors, executives
Lu Yi Xin	Executives
Wang Zhen Gang	Supervisors
Long Li Juan	Supervisors
Guo Shen	Director
He Gong An	Executives
Pan Zhao Bai	Executives

Haimo Technologies Group (SZSE:300084) Headlines

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