Hisense Home Appliances Group Co (HKSE:00921) Inventory Turnover : 2.63 (As of Mar. 2025)

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What is Hisense Home Appliances Group 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. Hisense Home Appliances Group Co's Cost of Goods Sold for the three months ended in Mar. 2025 was HK$20,931 Mil. Hisense Home Appliances Group Co's Average Total Inventories for the quarter that ended in Mar. 2025 was HK$7,970 Mil. Hisense Home Appliances Group Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 2.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hisense Home Appliances Group Co's Days Inventory for the three months ended in Mar. 2025 was 34.74.

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. Hisense Home Appliances Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.30.

Hisense Home Appliances Group Co Inventory Turnover Historical Data

The historical data trend for Hisense Home Appliances Group 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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Hisense Home Appliances Group Co Inventory Turnover Chart

Hisense Home Appliances Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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9.70

8.61

7.44

10.02

10.13

Hisense Home Appliances Group Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial															2.64	2.84	2.86	2.66	2.63

Hisense Home Appliances Group Co Inventory Turnover Calculation

Hisense Home Appliances Group Co's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	78448.34	/ (	(7409.918	+	8079.003)	/	2 )
=	78448.34	/	7744.4605
=	10.13

Hisense Home Appliances Group Co's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	20930.857	/ (	(8079.003	+	7860.076)	/	2 )
=	20930.857	/	7969.5395
=	2.63

Hisense Home Appliances Group Co (HKSE:00921) 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.

Hisense Home Appliances Group Co's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	7969.5395	/	20930.857	*	365 / 4
	=	34.74

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.

Hisense Home Appliances Group Co's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	7969.5395	/	26631.935
	=	0.30

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.

Hisense Home Appliances Group Co Inventory Turnover Related Terms

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Hisense Home Appliances Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hisense Home Appliances Group Co Ltd (HKSE:00921) » Definitions » Inventory Turnover

Traded in Other Exchanges

HISEF:USA GKE:Germany 000921:China

Address

No 148 Connaught Road West, Room 3101-3105, Singga Commercial Centre, Hong kong, HKG, 528303

Website

https://hxjd.hisense.cn

Hisense Home Appliances Group Co Ltd is a manufacturer of white household electrical appliances in the People's Republic of China, with eight brand names, namely Hisense, Ronshen, KELON, HITACHI, YORK, Gorenje, ASKO, and SANDEN. The company produces electrical appliances like refrigerators, air-conditioners, freezers, washing machines, and Kitchen electrical appliances. The businesses of the Company are set out as follows: HVAC Business Work; Refrigerator and Washing Machine Business Work; Automotive Air Conditioner Compressor and Integrated Thermal Management System Business Work; Smart Home Business Work; Overseas Markets for Home Appliances Business Work and Implementing the Manufacturing Work. The majority of the company's revenue is generated from China.

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