What is Hebei Huijin Group 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. Hebei Huijin Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥147.1 Mil. Hebei Huijin Group Co's Revenue for the
three
months ended in Mar. 2024 was ¥69.9 Mil.
Hebei Huijin Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.11.
Hebei Huijin Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024
declined
from Dec. 2023 (4.20) to Dec. 2023 (2.11)
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.
Hebei Huijin Group Co's Days Inventory for the
three
months ended in Mar. 2024 was 304.69.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Hebei Huijin Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.30.
Hebei Huijin Group Co Inventory-to-Revenue Historical Data
The historical data trend for Hebei Huijin Group 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.
Competitive Comparison of Hebei Huijin Group Co's Inventory-to-Revenue
For the Specialty Industrial Machinery subindustry, Hebei Huijin Group 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.
Hebei Huijin Group Co's Inventory-to-Revenue Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hebei Huijin Group Co's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Hebei Huijin Group Co's Inventory-to-Revenue falls into.
Hebei Huijin Group 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.
Hebei Huijin Group Co'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.
Hebei Huijin Group Co (SZSE:300368) 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.
Hebei Huijin Group Co's Days Inventory for the
three
months ended in Mar. 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.
Hebei Huijin Group Co Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Hebei Huijin Group Co's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Hebei Huijin Group Co (SZSE:300368) Business Description
Hebei Huijin Group Co Ltd formerly Hebei Huijin Electromechanical Co Ltd is a Chinese high-tech enterprise engaged in the research and development, production, sales, and service of financial equipment. The company offers Binding series products, Bundling series products, and Self-service products. Binding series products comprises ZD series high-intelligent binding machine and HJ series automatic binding machine. Bundling series products includes automatic banknote binding machine, which extends to the banknote plastic packaging, the banknote clearing line, and the robot banknote finishing center. The Self-service products cover printing machine, bill machine, and self-service system integration products.
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