Huisheng International Holdings (HKSE:01340) Inventory Turnover : 0.00 (As of Jun. 2024)

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What is Huisheng 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. Huisheng International Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$36.23 Mil. Huisheng International Holdings's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Huisheng International Holdings's Days Inventory for the six months ended in Jun. 2024 was 0.00.

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. Huisheng International Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.00.

Huisheng International Holdings Inventory Turnover Historical Data

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

Huisheng International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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23.66

24.70

31.64

Huisheng International Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															6.16	19.54	11.28	5.26	-

Huisheng International Holdings Inventory Turnover Calculation

Huisheng International Holdings'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 )
=	74.551	/ (	(2.356	+	0)	/	1 )
=	74.551	/	2.356
=	31.64

Huisheng International Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	36.225	/ (	(0	+	0)	/	1 )
=	36.225	/	0
=	N/A

Huisheng International Holdings (HKSE:01340) 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.

Huisheng International Holdings's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	0	/	36.225	*	365 / 2
	=	0.00

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.

Huisheng International Holdings's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	0	/	34.252
	=	0.00

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.

Huisheng International Holdings Inventory Turnover Related Terms

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Huisheng International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Huisheng International Holdings Ltd (HKSE:01340) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hejiaping Housing Committee, Unit 4, Deshan Town Economic and Technological Development Zone, Hunan Province, Changde, CHN

Website

https://www.hsihl.com

Huisheng International Holdings Ltd is principally engaged in the production and sale of pork and related meat food products for the domestic market as well as hog breeding and hog farming in Changde, Hunan Province, the People's Republic of China. The company has two operating segments; The slaughtering and trading of pork products segment includes slaughtering and trading of pork products, and the Pipe system products segment includes selling and distributing pipe system products and conducting the provision of technical advisory services on the design, application, implementation, and installation. its geographic areas are the PRC and Japan. Geographically the company generates a majority of its revenue from China.

Huisheng International Holdings Headlines

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