Harbin Electric Co (FRA:HP6H) Inventory Turnover : 1.22 (As of Dec. 2023)

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What is Harbin Electric 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. Harbin Electric Co's Cost of Goods Sold for the six months ended in Dec. 2023 was €1,749 Mil. Harbin Electric Co's Average Total Inventories for the quarter that ended in Dec. 2023 was €1,438 Mil. Harbin Electric Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Harbin Electric Co's Days Inventory for the six months ended in Dec. 2023 was 150.03.

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. Harbin Electric Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.73.

Harbin Electric Co Inventory Turnover Historical Data

The historical data trend for Harbin Electric 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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Harbin Electric Co Inventory Turnover Chart

Harbin Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.95

2.38

2.65

2.30

2.46

Harbin Electric Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.32	1.00	1.14	1.14	1.22

Harbin Electric Co Inventory Turnover Calculation

Harbin Electric 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 )
=	3305.547	/ (	(1273.465	+	1409.719)	/	2 )
=	3305.547	/	1341.592
=	2.46

Harbin Electric Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1749.432	/ (	(1466.711	+	1409.719)	/	2 )
=	1749.432	/	1438.215
=	1.22

Harbin Electric Co (FRA:HP6H) 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.

Harbin Electric Co's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1438.215	/	1749.432	*	365 / 2
	=	150.03

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.

Harbin Electric Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1438.215	/	1961.092
	=	0.73

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.

Harbin Electric Co Inventory Turnover Related Terms

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Harbin Electric Co (FRA:HP6H) Business Description

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01133:Hong Kong

Address

1399 Chuangxinyi Road, Songbei District, Heilongjiang Province, Harbin, CHN, 150028

Website

https://www.hpec.com

Harbin Electric Co Ltd is a China-based manufacturer of power plant equipment. The company operates in six segments: Thermal power equipment, Hydropower equipment, Power station engineering services, Power station auxiliary equipment and ancillary products, Nuclear products, AC & DC motors, and others. Some of its products are grade boilers, steam turbines, steam turbine generators, voltage stabilizers, gasifiers, nuclear main pump motors, passive surplus drains, petrochemical vessels & axial fans, and power station auxiliary equipment. Its geographical segments are China, which accounts for the majority of revenue; Pakistan; the United Arab Emirates; Ecuador; Iraq; and other countries.

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