What is Tianneng Power International Inventory-to-Revenue?
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. Tianneng Power International's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$8,687 Mil. Tianneng Power International's Revenue for the
six
months ended in Dec. 2023 was HK$46,398 Mil.
Tianneng Power International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.19.
Tianneng Power International's Inventory-to-Revenue for the quarter that ended in Dec. 2023
declined
from Jun. 2023 (0.19) to Jun. 2023 (0.19)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Tianneng Power International's Days Inventory for the
six
months ended in Dec. 2023 was 36.71.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Tianneng Power International's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.97.
Tianneng Power International Inventory-to-Revenue Historical Data
* 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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Tianneng Power International Inventory-to-Revenue Chart
Competitive Comparison of Tianneng Power International's Inventory-to-Revenue
For the Auto Parts subindustry, Tianneng Power International's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Tianneng Power International's Inventory-to-Revenue Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Tianneng Power International's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Tianneng Power International's Inventory-to-Revenue falls into.
Tianneng Power International Inventory-to-Revenue Calculation
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.
Tianneng Power International's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Tianneng Power International (HKSE:00819) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Tianneng Power International's Days Inventory for the
six
months ended in Dec. 2023 is calculated as:
* 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.
Tianneng Power International Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Tianneng Power International's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Tianneng Power International (HKSE:00819) Business Description
Tianneng Power International Ltd is an electronic components company. It operates through two business segments: sales of batteries and battery-related accessories, and trading of new energy material. The company is primarily engaged in manufacturing and selling of lead-acid batteries and battery-related accessories including motive, solar, and wind-powered batteries, lithium battery products, electrical bicycle batteries, and special-purpose batteries mainly used for electrical vehicles, and energy storage battery, among others. A vast majority of revenue is generated by the company's sale of batteries and battery-related accessories segment, and the company earns most of its revenue in The People's Republic of China.
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