Hengdian Group Dmegc Magnetics Co (SZSE:002056) Inventory Turnover : 1.59 (As of Mar. 2024)

View and export this data going back to 2006. Start your Free Trial

What is Hengdian Group Dmegc Magnetics 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. Hengdian Group Dmegc Magnetics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,562 Mil. Hengdian Group Dmegc Magnetics Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥2,233 Mil. Hengdian Group Dmegc Magnetics Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hengdian Group Dmegc Magnetics Co's Days Inventory for the three months ended in Mar. 2024 was 57.21.

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. Hengdian Group Dmegc Magnetics Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.53.

Hengdian Group Dmegc Magnetics Co Inventory Turnover Historical Data

The historical data trend for Hengdian Group Dmegc Magnetics 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.

* Premium members only.

Hengdian Group Dmegc Magnetics Co Inventory Turnover Chart

Hengdian Group Dmegc Magnetics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

6.90

7.71

7.80

8.49

7.83

Hengdian Group Dmegc Magnetics 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															1.51	1.86	2.22	1.63	1.59

Hengdian Group Dmegc Magnetics Co Inventory Turnover Calculation

Hengdian Group Dmegc Magnetics 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 )
=	15632.996	/ (	(2036.271	+	1954.839)	/	2 )
=	15632.996	/	1995.555
=	7.83

Hengdian Group Dmegc Magnetics 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 )
=	3562.02	/ (	(1954.839	+	2511.741)	/	2 )
=	3562.02	/	2233.29
=	1.59

Hengdian Group Dmegc Magnetics Co (SZSE:002056) 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.

Hengdian Group Dmegc Magnetics 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
	=	2233.29	/	3562.02	*	365 / 4
	=	57.21

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.

Hengdian Group Dmegc Magnetics 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 )
	=	2233.29	/	4233.468
	=	0.53

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.

Hengdian Group Dmegc Magnetics Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Hengdian Group Dmegc Magnetics Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Hengdian Group Dmegc Magnetics Co (SZSE:002056) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hengdian Group Dmegc Magnetics Co Ltd (SZSE:002056) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Hengdian Industrial Zone, Dongyang, Zhejiang, CHN, 322118

Website

http://www.chinadmegc.com

Hengdian Group Dmegc Magnetics Co Ltd is a Chinese company engaged in making products based on hard ferrite and magnet soft ferrite cores. The products of the company include hard ferrite magnets, ferrite cores, solar cells, solar modules, rare earth magnets, motor housing, hard alloys, batteries, and flexible copper clad laminate. These products are widely used in the fields of the electronic appliance, automotive, communication and others. In addition, the group is also involved in the business of hotels, mining, health care home, international trade and others. The company exports its products to EU, USA, Japan, South America, South East Asia and other regions.

Hengdian Group Dmegc Magnetics Co (SZSE:002056) Headlines

No Headlines