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Beijing Jingwei Hirain Technologies Co (SHSE:688326) Inventory-to-Revenue : 1.18 (As of Sep. 2024)


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What is Beijing Jingwei Hirain Technologies Co 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. Beijing Jingwei Hirain Technologies Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥1,788 Mil. Beijing Jingwei Hirain Technologies Co's Revenue for the three months ended in Sep. 2024 was ¥1,519 Mil. Beijing Jingwei Hirain Technologies Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.18.

Beijing Jingwei Hirain Technologies Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 declined from Jun. 2024 (1.55) to Jun. 2024 (1.18)

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. Beijing Jingwei Hirain Technologies Co's Days Inventory for the three months ended in Sep. 2024 was 141.24.

Inventory Turnover measures how fast the company turns over its inventory within a year. Beijing Jingwei Hirain Technologies Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.65.


Beijing Jingwei Hirain Technologies Co Inventory-to-Revenue Historical Data

The historical data trend for Beijing Jingwei Hirain Technologies Co's Inventory-to-Revenue 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.

Beijing Jingwei Hirain Technologies Co Inventory-to-Revenue Chart

Beijing Jingwei Hirain Technologies Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
Get a 7-Day Free Trial 0.34 0.31 0.34 0.36 0.34

Beijing Jingwei Hirain Technologies Co Quarterly Data
Dec18 Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.62 0.99 1.90 1.55 1.18

Competitive Comparison of Beijing Jingwei Hirain Technologies Co's Inventory-to-Revenue

For the Auto Parts subindustry, Beijing Jingwei Hirain Technologies Co'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.


Beijing Jingwei Hirain Technologies Co's Inventory-to-Revenue Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Beijing Jingwei Hirain Technologies Co's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Beijing Jingwei Hirain Technologies Co's Inventory-to-Revenue falls into.


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Beijing Jingwei Hirain Technologies Co 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.

Beijing Jingwei Hirain Technologies Co's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (1567.482 + 1619.902) / 2 ) / 4677.58
=1593.692 / 4677.58
=0.34

Beijing Jingwei Hirain Technologies Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue (Q: Sep. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count ) / Revenue (Q: Sep. 2024 )
=( (1768.433 + 1807.973) / 2 ) / 1519.023
=1788.203 / 1519.023
=1.18

* 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.


Beijing Jingwei Hirain Technologies Co  (SHSE:688326) 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.

Beijing Jingwei Hirain Technologies Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2024 )/Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=1788.203/1155.273*365 / 4
=141.24

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Beijing Jingwei Hirain Technologies Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2024 ) / Average Total Inventories (Q: Sep. 2024 )
=1155.273 / 1788.203
=0.65

* 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.


Beijing Jingwei Hirain Technologies Co Inventory-to-Revenue Related Terms

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Beijing Jingwei Hirain Technologies Co Business Description

Traded in Other Exchanges
N/A
Address
No. 14 Jiuxianqiao Road, 4th Floor, Building 1, Chaoyang District, Beijing, CHN, 100015
Beijing Jingwei Hirain Technologies Co Inc is engaged in providing electronic products, research and development services and solutions, and high-level intelligent driving overall solutions for customers in the fields of automobiles, high-end equipment, and unmanned transportation.
Executives
Ji Ying Cun Directors, senior managers
Cui Wen Ge Supervisors

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