China Huajun Group (HKSE:00377) Inventory Turnover : 0.77 (As of Dec. 2023)

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What is China Huajun Group 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. China Huajun Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$898 Mil. China Huajun Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1,170 Mil. China Huajun Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Huajun Group's Days Inventory for the six months ended in Dec. 2023 was 237.68.

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. China Huajun Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.29.

China Huajun Group Inventory Turnover Historical Data

The historical data trend for China Huajun Group'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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China Huajun Group Inventory Turnover Chart

China Huajun Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.63

0.48

0.47

0.32

1.02

China Huajun Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.26	0.11	0.19	0.68	0.77

China Huajun Group Inventory Turnover Calculation

China Huajun Group'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 )
=	3010.565	/ (	(4867.343	+	1012.334)	/	2 )
=	3010.565	/	2939.8385
=	1.02

China Huajun Group'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 )
=	898.37	/ (	(1327.705	+	1012.334)	/	2 )
=	898.37	/	1170.0195
=	0.77

China Huajun Group (HKSE:00377) 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.

China Huajun Group'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
	=	1170.0195	/	898.37	*	365 / 2
	=	237.68

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.

China Huajun Group'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 )
	=	1170.0195	/	903.599
	=	1.29

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.

China Huajun Group Inventory Turnover Related Terms

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China Huajun Group (HKSE:00377) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Huajun Group Ltd (HKSE:00377) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

6-8 Harbour Road, Suites 903-905, 9th Floor, Shui On Centre, Wan Chai, Hong Kong, HKG

Website

https://www.chinahuajungroup.com

China Huajun Group Ltd is an investment holding company. It operates in five segments: Printing, Trading & Logistics, Property Development & Investments, Solar Photovoltaic, and Financial Services. The majority of its revenue comes from the Trading & logistics segment, which is involved in trading, logistics, and supply chain management. Its geographical segments are China, the United States, Hong Kong, European countries, and other countries, of which the United States accounts for the vast majority of its revenue.

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