Renze Harvest International (HKSE:01282) Inventory Turnover : 0.20 (As of Dec. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Renze Harvest International 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. Renze Harvest International's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$524 Mil. Renze Harvest International's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$2,564 Mil. Renze Harvest International's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Renze Harvest International's Days Inventory for the six months ended in Dec. 2024 was 893.77.

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. Renze Harvest International's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 3.36.

Renze Harvest International Inventory Turnover Historical Data

The historical data trend for Renze Harvest International'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.

* Premium members only.

Renze Harvest International Inventory Turnover Chart

Renze Harvest International Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

Get a 7-Day Free Trial

0.12

0.31

0.87

0.34

0.29

Renze Harvest International 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															0.48	0.16	0.11	0.09	0.20

Renze Harvest International Inventory Turnover Calculation

Renze Harvest International'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 )
=	780.13	/ (	(2933.188	+	2422.738)	/	2 )
=	780.13	/	2677.963
=	0.29

Renze Harvest International'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 )
=	523.509	/ (	(2704.923	+	2422.738)	/	2 )
=	523.509	/	2563.8305
=	0.20

Renze Harvest International (HKSE:01282) 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.

Renze Harvest International'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
	=	2563.8305	/	523.509	*	365 / 2
	=	893.77

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.

Renze Harvest International'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 )
	=	2563.8305	/	763.533
	=	3.36

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.

Renze Harvest International Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Renze Harvest International's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Renze Harvest International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Renze Harvest International Ltd (HKSE:01282) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 1908, 19/F, Tower Two, Lippo Centre, No. 89, Queensway, Admiralty, HKG

Website

https://www.hk1282.com

Renze Harvest International Ltd is a holding company in China that reports in four business segments: Automation, Financial services, Property investment and development, and Securities Investment. It generates maximum revenue from the Automation segment which represents the trading of automated production-related equipment trading business in Hong Kong and the PRC. The company has different sources of revenue that include Automation: Sales of automated production products, minus returns, installation, Securities Investment Gains/losses of financial assets at FVTPL, plus commission income from securities, Financial Services: Commission and brokerage income from securities and futures, and Property Investment includes Revenue from property sales, rentals, and management.

Executives

China Grand Developments Limited	2101 Beneficial owner
Ma Jianghao	2201 Interest of corporation controlled by you
Bao Xin Development Limited	2101 Beneficial owner
Bao Xin International Group Limited	2201 Interest of corporation controlled by you
Tinmark Development Limited	2201 Interest of corporation controlled by you
Yao Jianhui	2201 Interest of corporation controlled by you
Qian Hai Ren Shou Bao Xian Gu Fen You Xian Gong Si	2101 Beneficial owner

Renze Harvest International Headlines

No Headlines