What is Shinelong Automotive Lightweight Application 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. Shinelong Automotive Lightweight Application's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$305.0 Mil. Shinelong Automotive Lightweight Application's Revenue for the
six
months ended in Jun. 2024 was HK$126.8 Mil.
Shinelong Automotive Lightweight Application's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 2.41.
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.
Shinelong Automotive Lightweight Application's Days Inventory for the
six
months ended in Jun. 2024 was 545.76.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Shinelong Automotive Lightweight Application's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.33.
Shinelong Automotive Lightweight Application 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.
Competitive Comparison of Shinelong Automotive Lightweight Application's Inventory-to-Revenue
For the Auto Parts subindustry, Shinelong Automotive Lightweight Application'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.
Shinelong Automotive Lightweight Application's Inventory-to-Revenue Distribution in the Vehicles & Parts Industry
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.
* 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.
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.
Shinelong Automotive Lightweight Application's Days Inventory for the
six
months ended in Jun. 2024 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.
Shinelong Automotive Lightweight Application Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Shinelong Automotive Lightweight Application's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Shinelong Automotive Lightweight Application Business Description
Shinelong Automotive Lightweight Application Ltd is engaged in the design, development, manufacture, and sales of customized hot-pressing moulds, hydroforming moulds and injection moulds that are used in auto manufacturing. Apart from automotive moulds, the group also engages in the design, development, manufacture, and sales of customized plastic moulds for the production of electrical appliances and health-protective appliances. The company also offers parts processing services. Geographically, it generates maximum revenue from the PRC.
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