Huludao Zinc Industry Co (SZSE:000751) Inventory Turnover

: 0.61 (As of Dec. 2023)

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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. Huludao Zinc Industry Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥2,036 Mil. Huludao Zinc Industry Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ¥3,330 Mil. Huludao Zinc Industry Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Huludao Zinc Industry Co's Days Inventory for the three months ended in Dec. 2023 was 149.21.

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. Huludao Zinc Industry Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.49.

Huludao Zinc Industry Co Inventory Turnover Historical Data

The historical data trend for Huludao Zinc Industry 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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Huludao Zinc Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.76

4.98

7.77

6.14

4.87

Huludao Zinc Industry Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.48	1.62	1.43	1.62	0.61

Huludao Zinc Industry Co Inventory Turnover Calculation

Huludao Zinc Industry 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 )
=	15029.933	/ (	(2794.473	+	3380.35)	/	2 )
=	15029.933	/	3087.4115
=	4.87

Huludao Zinc Industry Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	2036.403	/ (	(3279.528	+	3380.35)	/	2 )
=	2036.403	/	3329.939
=	0.61

Huludao Zinc Industry Co (SZSE:000751) 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.

Huludao Zinc Industry Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	3329.939	/	2036.403	*	365 / 4
	=	149.21

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.

Huludao Zinc Industry Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	3329.939	/	2237.861
	=	1.49

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.

Huludao Zinc Industry Co Inventory Turnover Related Terms

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Huludao Zinc Industry Co (SZSE:000751) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Huludao Zinc Industry Co Ltd (SZSE:000751) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 24, Zinc Factory Road, Longgang District, Liaoning Province, Huludao, CHN, 125003

Website

http://www.hldxygf.com

Huludao Zinc Industry Co Ltd is a non-ferrous metal smelting enterprise in Northeast China and North China. The company's main business is zinc, copper and lead smelting and deep processing of products, processing of cadmium, indium, sulfuric acid and copper sulfate comprehensive utilization products. These products are widely used in metallurgy, machinery, electronics, medicine, chemical, military and other industries, exported to more than 20 countries and regions.

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