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Wuxi Xinhongye Wire And Cable Co (SZSE:301310) Inventory-to-Revenue : 0.42 (As of Jun. 2024)


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What is Wuxi Xinhongye Wire And Cable 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. Wuxi Xinhongye Wire And Cable Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥231 Mil. Wuxi Xinhongye Wire And Cable Co's Revenue for the three months ended in Jun. 2024 was ¥553 Mil. Wuxi Xinhongye Wire And Cable Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.42.

Wuxi Xinhongye Wire And Cable Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 declined from Mar. 2024 (0.43) to Mar. 2024 (0.42)

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. Wuxi Xinhongye Wire And Cable Co's Days Inventory for the three months ended in Jun. 2024 was 43.00.

Inventory Turnover measures how fast the company turns over its inventory within a year. Wuxi Xinhongye Wire And Cable Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.12.


Wuxi Xinhongye Wire And Cable Co Inventory-to-Revenue Historical Data

The historical data trend for Wuxi Xinhongye Wire And Cable 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.

Wuxi Xinhongye Wire And Cable Co Inventory-to-Revenue Chart

Wuxi Xinhongye Wire And Cable Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
Get a 7-Day Free Trial 0.14 0.14 0.12 0.12 0.12

Wuxi Xinhongye Wire And Cable Co Quarterly Data
Dec18 Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.55 0.50 0.42 0.43 0.42

Competitive Comparison of Wuxi Xinhongye Wire And Cable Co's Inventory-to-Revenue

For the Electrical Equipment & Parts subindustry, Wuxi Xinhongye Wire And Cable 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.


Wuxi Xinhongye Wire And Cable Co's Inventory-to-Revenue Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wuxi Xinhongye Wire And Cable Co's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Wuxi Xinhongye Wire And Cable Co's Inventory-to-Revenue falls into.



Wuxi Xinhongye Wire And Cable 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.

Wuxi Xinhongye Wire And Cable 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 )
=( (279.759 + 197.78) / 2 ) / 2001.041
=238.7695 / 2001.041
=0.12

Wuxi Xinhongye Wire And Cable Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue (Q: Jun. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Mar. 2024 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Revenue (Q: Jun. 2024 )
=( (218.606 + 243.821) / 2 ) / 552.851
=231.2135 / 552.851
=0.42

* 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.


Wuxi Xinhongye Wire And Cable Co  (SZSE:301310) 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.

Wuxi Xinhongye Wire And Cable Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=231.2135/490.659*365 / 4
=43.00

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

Wuxi Xinhongye Wire And Cable Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2024 ) / Average Total Inventories (Q: Jun. 2024 )
=490.659 / 231.2135
=2.12

* 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.


Wuxi Xinhongye Wire And Cable Co Inventory-to-Revenue Related Terms

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Wuxi Xinhongye Wire And Cable Co Business Description

Traded in Other Exchanges
N/A
Address
No. 17, Hexin Road, Xishan Economic and Technological Development Zone, Jiangsu, Wuxi, CHN, 214101
Wuxi Xinhongye Wire And Cable Co Ltd are engaged in Research &Development, production, and sales of photovoltaic cables, new energy vehicle cables, industrial cables, and other special cables. The company has broad market development prospects, and its products are widely used in various industries such as power distribution systems, automobiles, new energy vehicles, electrical wiring harnesses, UPS power supplies, transformers, motors, sensors, thermal protectors, and new energy sources worldwide.

Wuxi Xinhongye Wire And Cable Co Headlines

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