Highpower International (Highpower International) Inventory Turnover : 1.04 (As of Jun. 2019)

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What is Highpower International 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. Highpower International's Cost of Goods Sold for the three months ended in Jun. 2019 was $57.4 Mil. Highpower International's Average Total Inventories for the quarter that ended in Jun. 2019 was $55.2 Mil. Highpower International's Inventory Turnover for the quarter that ended in Jun. 2019 was 1.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Highpower International's Days Inventory for the three months ended in Jun. 2019 was 87.73.

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. Highpower International's Inventory-to-Revenue for the quarter that ended in Jun. 2019 was 0.73.

Highpower International Inventory Turnover Historical Data

The historical data trend for Highpower International'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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Highpower International Inventory Turnover Chart

Highpower International Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Inventory Turnover

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5.57

5.70

6.55

6.04

4.85

Highpower International Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Inventory Turnover	Get a 7-Day Free Trial															0.86	1.14	1.20	0.80	1.04

Highpower International Inventory Turnover Calculation

Highpower International's Inventory Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Inventory Turnover (A: Dec. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2018 )	/ (	(Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )
=	237.057	/ (	(42.947	+	54.79)	/	2 )
=	237.057	/	48.8685
=	4.85

Highpower International's Inventory Turnover for the quarter that ended in Jun. 2019 is calculated as

	Inventory Turnover (Q: Jun. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2019 )	/ (	(Total Inventories (Q: Mar. 2019 )	+	Total Inventories (Q: Jun. 2019 ))	/	count )
=	57.436	/ (	(58.456	+	51.98)	/	2 )
=	57.436	/	55.218
=	1.04

Highpower International (NAS:HPJ) 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.

Highpower International's Days Inventory for the three months ended in Jun. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2019 )	/	Cost of Goods Sold (Q: Jun. 2019 )	*	Days in Period
	=	55.218	/	57.436	*	365 / 4
	=	87.73

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.

Highpower International's Inventory to Revenue for the quarter that ended in Jun. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2019 )	/	Revenue (Q: Jun. 2019 )
	=	55.218	/	75.807
	=	0.73

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.

Highpower International Inventory Turnover Related Terms

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Highpower International (Highpower International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Highpower International Inc (NAS:HPJ) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Building A1, 68 Xinxia Street, Pinghu, Longgang, Guangdong, Shenzhen, CHN, 518111

Website

http://www.highpowertech.com

Highpower International Inc is a part of the United States' technology sector. Its key product is rechargeable batteries meant for consumer and industrial applications. The Company operates through three segments: Lithium Batteries, Ni-MH Batteries and New Material. The Lituhium Batteries segment, which helps generate the highest share of revenue, deals with the production of Lithium-ion (Li-ion) and Lithium polymer rechargeable batteries for consumer applications, such as consumer electronic products, mobile devices and wireless communication products. The company distributes its products globally, with special emphasis to China.

Executives

Richard Rappaport	director, 10 percent owner, officer: President	1900 AVENUE OF THE STARS, SUITE 301, LOS ANGELES CA 90067
Debbie Schwartzberg	10 percent owner	C/O SRKP 1, INC., 1900 AVENUE OF THE STARS, SUITE 310, LOS ANGELES CA 90067
Anthony C Pintsopoulos	director, 10 percent owner, officer: Secretary & CFO	1063 HILLSBORO MILE, SUITE 502, HILLSBORO BEACH FL 33062