Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Inventory-to-Revenue : 0.85 (As of Mar. 2024)

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What is Jiangsu Rainbow Heavy Industries 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. Jiangsu Rainbow Heavy Industries Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,193 Mil. Jiangsu Rainbow Heavy Industries Co's Revenue for the three months ended in Mar. 2024 was ¥1,412 Mil. Jiangsu Rainbow Heavy Industries Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.85.

Jiangsu Rainbow Heavy Industries Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 increased from Dec. 2023 (0.53) to Dec. 2023 (0.85)

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.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jiangsu Rainbow Heavy Industries Co's Days Inventory for the three months ended in Mar. 2024 was 96.33.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jiangsu Rainbow Heavy Industries Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.95.

Jiangsu Rainbow Heavy Industries Co Inventory-to-Revenue Historical Data

The historical data trend for Jiangsu Rainbow Heavy Industries 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.

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Jiangsu Rainbow Heavy Industries Co Inventory-to-Revenue Chart

Jiangsu Rainbow Heavy Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.54

0.38

0.32

0.23

0.17

Jiangsu Rainbow Heavy Industries Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory-to-Revenue	Get a 7-Day Free Trial															1.18	0.71	0.61	0.53	0.85

Competitive Comparison of Jiangsu Rainbow Heavy Industries Co's Inventory-to-Revenue

For the Specialty Industrial Machinery subindustry, Jiangsu Rainbow Heavy Industries 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.

Jiangsu Rainbow Heavy Industries Co's Inventory-to-Revenue Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Rainbow Heavy Industries Co's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Jiangsu Rainbow Heavy Industries Co's Inventory-to-Revenue falls into.

Jiangsu Rainbow Heavy Industries Co Inventory-to-Revenue Calculation

Jiangsu Rainbow Heavy Industries 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 )
=	( (1277.367	+	1174.372)	/	2 )	/	7182.676
=	1225.8695					/	7182.676
=	0.17

Jiangsu Rainbow Heavy Industries Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

	Inventory-to-Revenue (Q: Mar. 2024 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Revenue (Q: Mar. 2024 )
=	( (1174.372	+	1212.11)	/	2 )	/	1411.555
=	1193.241					/	1411.555
=	0.85

Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

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.

Jiangsu Rainbow Heavy Industries 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
	=	1193.241	/	1130.304	*	365 / 4
	=	96.33

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

Jiangsu Rainbow Heavy Industries Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	1130.304	/	1193.241
	=	0.95

Jiangsu Rainbow Heavy Industries Co Inventory-to-Revenue Related Terms

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Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Rainbow Heavy Industries Co Ltd (SZSE:002483) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.9, Zhenxing West Road, Economic & Technology Development Zone, Natong, CHN, 226010

Website

http://www.jiangsurhi.com

Jiangsu Rainbow Heavy Industries Co Ltd is mainly engaged in the engineering, fabrication, sale, and maintenance of cranes in China. Its major business consists of 2 modules: high-end equipment manufactures and environmental protection. The high-end equipment manufacture module includes material lifting, offshore equipment, and shipbuilding, the products covered all kinds of lifting machinery, ship equipment, marine equipment, car parking equipment, engineering vessels and other related products. The environmental protection module includes industrial wastewater treatment, sludge treatment, hazardous solid waste disposal and other energy saving, recycling economy business.

Executives

Sha Ming Jun	Director
Wu Jian	Directors, executives
Xie Gui Xing	Directors, executives, directors
Sun Jian Cheng	Executives
Li Xiao Qin	Executives
Lin Bo	Executives

Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Headlines

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