Ruichang International Holdings (HKSE:01334) Inventory Turnover : 2.73 (As of Dec. 2024)

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What is Ruichang International 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. Ruichang International Holdings's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$161.8 Mil. Ruichang International Holdings's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$59.3 Mil. Ruichang International Holdings's Inventory Turnover for the quarter that ended in Dec. 2024 was 2.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ruichang International Holdings's Days Inventory for the six months ended in Dec. 2024 was 66.92.

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. Ruichang International Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.25.

Ruichang International Holdings Inventory Turnover Historical Data

The historical data trend for Ruichang International 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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Ruichang International Holdings Inventory Turnover Chart

Ruichang International Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

3.91

5.56

5.83

5.00

Ruichang International Holdings Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial			-	2.50	3.25	2.37	2.73

Ruichang International Holdings Inventory Turnover Calculation

Ruichang International 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 )
=	321.598	/ (	(73.001	+	55.562)	/	2 )
=	321.598	/	64.2815
=	5.00

Ruichang International 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 )
=	161.831	/ (	(63.126	+	55.562)	/	2 )
=	161.831	/	59.344
=	2.73

Ruichang International Holdings (HKSE:01334) 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.

Ruichang International 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
	=	59.344	/	161.831	*	365 / 2
	=	66.92

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.

Ruichang International 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 )
	=	59.344	/	234.134
	=	0.25

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.

Ruichang International Holdings Inventory Turnover Related Terms

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Ruichang International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ruichang International Holdings Ltd (HKSE:01334) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qinzhou North Road, Room 201, 2nd Floor, No.1001, Xuhui District, Shanghai, CHN

Website

https://www.ruichang.com.cn

Ruichang International Holdings Ltd is a petroleum refinery and petrochemical equipment manufacturer. Its products are divided into four product categories, namely (i) SRU and VOCs incineration equipment; (ii) catalytic cracking equipment; (iii) process burners; and (iv) heat exchangers. The group also provides installation services for the equipment manufactured and ancillary facilities such as electrical erection work and mechanical erection work.

Executives

Huang Shan Jian Tou Si Mu Ji Jin Guan Li You Xian Gong Si	2101 Beneficial owner
Bai Wei	2202 Interest of your spouse
Lu Bo	2501 Other
Lu Xiaojing	2501 Other
Shao Song	2202 Interest of your spouse
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