Chaowei Power Holdings (HKSE:00951) Inventory Turnover : 5.70 (As of Dec. 2024)

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What is Chaowei Power Holdings 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. Chaowei Power Holdings's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$29,072 Mil. Chaowei Power Holdings's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$5,097 Mil. Chaowei Power Holdings's Inventory Turnover for the quarter that ended in Dec. 2024 was 5.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chaowei Power Holdings's Days Inventory for the six months ended in Dec. 2024 was 32.00.

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. Chaowei Power Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.16.

Chaowei Power Holdings Inventory Turnover Historical Data

The historical data trend for Chaowei Power Holdings'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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Chaowei Power Holdings Inventory Turnover Chart

Chaowei Power Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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8.11

7.23

6.81

8.61

10.49

Chaowei Power Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															3.77	3.17	4.49	4.04	5.70

Chaowei Power Holdings Inventory Turnover Calculation

Chaowei Power Holdings'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 )
=	50022.1	/ (	(4892.817	+	4641.78)	/	2 )
=	50022.1	/	4767.2985
=	10.49

Chaowei Power Holdings's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	29072.118	/ (	(5552.658	+	4641.78)	/	2 )
=	29072.118	/	5097.219
=	5.70

Chaowei Power Holdings (HKSE:00951) 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.

Chaowei Power Holdings's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	5097.219	/	29072.118	*	365 / 2
	=	32.00

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.

Chaowei Power Holdings's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	5097.219	/	31074.268
	=	0.16

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.

Chaowei Power Holdings Inventory Turnover Related Terms

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Chaowei Power Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chaowei Power Holdings Ltd (HKSE:00951) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

EWC:Germany

Address

No. 18, Chengnan Road, Huaxi Industrial Function Area, Changxing County, Zhejiang Province, Huzhou, CHN, 313100

Website

https://www.chaowei.com.hk

Chaowei Power Holdings Ltd is engaged in the manufacturing and sales of lead-acid motive batteries, lithium-ion batteries and other related products, which are primarily used in electric bikes, electric tricycles and special-purpose electric vehicles. The largest business segment is the production of lead-acid batteries for electric bikes. Smaller segments produce lithium-ion batteries and related products. The company supplies its batteries directly to electric bike manufacturers, as well as to a network of independent distributors selling batteries on the secondary market. Nearly all of Chaowei Power's revenue is generated in China.

Executives

Fang Jianjun	2202 Interest of your spouse
Zhou Mingming	2201 Interest of corporation controlled by you
Yang Yunfei	2202 Interest of your spouse
Zhou Longrui	2201 Interest of corporation controlled by you
Great State Investments Limited	2101 Beneficial owner
Bai Xiang Limited
Tianneng International Investment Holdings Limited	2201 Interest of corporation controlled by you
Tianneng Power International Limited	2201 Interest of corporation controlled by you

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