HPF Co (SZSE:300350) Inventory Turnover : 14.18 (As of Mar. 2024)

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What is HPF 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. HPF Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥54.4 Mil. HPF Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥3.8 Mil. HPF Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 14.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HPF Co's Days Inventory for the three months ended in Mar. 2024 was 6.44.

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. HPF Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.06.

HPF Co Inventory Turnover Historical Data

The historical data trend for HPF 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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HPF Co Inventory Turnover Chart

HPF Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.22

1.30

1.66

2.16

2.99

HPF 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															0.40	0.39	0.93	11.11	14.18

HPF Co Inventory Turnover Calculation

HPF 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 )
=	288.614	/ (	(189.067	+	3.801)	/	2 )
=	288.614	/	96.434
=	2.99

HPF 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 )
=	54.425	/ (	(3.801	+	3.876)	/	2 )
=	54.425	/	3.8385
=	14.18

HPF Co (SZSE:300350) 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.

HPF 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
	=	3.8385	/	54.425	*	365 / 4
	=	6.44

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.

HPF 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 )
	=	3.8385	/	63.965
	=	0.06

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.

HPF Co Inventory Turnover Related Terms

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HPF Co (SZSE:300350) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » HPF Co Ltd (SZSE:300350) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 5001 Huanggang Road, No. 4308, 43rd Floor, Tower 2, Shenye Shangcheng, Futian District, Guangdong, Shenzhen, CHN, 518029

Website

http://www.huapengfei.com

HPF Co Ltd is a logistics company. It is engaged in highway transportation, regional distribution, supply chain goods, and international freight forwarding services and among others.

Executives

Zhang Jing Yu	Director
Zhang Qian	Executives
Zhang Guang Ming	Director
Zhan Juan	Executives
Xu Chuan Sheng	Directors, executives
Li Zhang Jun	Director
Zhang Qi Chun	Directors, executives
Li Li Ming	Directors, executives
Jiang Tao	Supervisors
Liu Si Yue	Independent director

HPF Co (SZSE:300350) Headlines

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