Henan Tongxin Transmission Co (BJSE:833454) Inventory Turnover : 0.39 (As of Sep. 2024)

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What is Henan Tongxin Transmission Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Henan Tongxin Transmission Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥20.0 Mil. Henan Tongxin Transmission Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥51.6 Mil. Henan Tongxin Transmission Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Henan Tongxin Transmission Co's Days Inventory for the three months ended in Sep. 2024 was 235.32.

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. Henan Tongxin Transmission Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.68.

Henan Tongxin Transmission Co Inventory Turnover Historical Data

The historical data trend for Henan Tongxin Transmission Co's Inventory Turnover 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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Henan Tongxin Transmission Co Inventory Turnover Chart

Henan Tongxin Transmission Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.28

2.72

2.26

2.92

2.42

Henan Tongxin Transmission Co Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.40	0.41	0.40	0.45	0.39

Henan Tongxin Transmission Co Inventory Turnover Calculation

Henan Tongxin Transmission Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	112.447	/ (	(44.741	+	48.123)	/	2 )
=	112.447	/	46.432
=	2.42

Henan Tongxin Transmission Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	20.025	/ (	(50.774	+	52.511)	/	2 )
=	20.025	/	51.6425
=	0.39

Henan Tongxin Transmission Co (BJSE:833454) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Henan Tongxin Transmission 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
	=	51.6425	/	20.025	*	365 / 4
	=	235.32

2. 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.

Henan Tongxin Transmission Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	51.6425	/	30.661
	=	1.68

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Henan Tongxin Transmission Co Inventory Turnover Related Terms

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Henan Tongxin Transmission Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Henan Tongxin Transmission Co Ltd (BJSE:833454) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

South of Changqing Street, Economic and Technological Development Zone, Weidu District, Henan Province, Xuchang City, CHN, 461000

Website

http://www.hntxcd.com

Henan Tongxin Transmission Co Ltd engages in the research and development, production, and sales of all kinds of automobile drive shafts, providing comprehensive one-stop solutions for industry customers. Its product offerings comprise Drive shaft with support (front axle), Telescopic Drive Shaft (Rear Shaft), Coupled drive shafts, Wing drive shafts, and spare parts.

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