Aowei Holding (HKSE:01370) Inventory Turnover : 2.85 (As of Dec. 2023)

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What is Aowei Holding 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. Aowei Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$324.1 Mil. Aowei Holding's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$113.8 Mil. Aowei Holding's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aowei Holding's Days Inventory for the six months ended in Dec. 2023 was 64.07.

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. Aowei Holding's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.33.

Aowei Holding Inventory Turnover Historical Data

The historical data trend for Aowei Holding'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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Aowei Holding Inventory Turnover Chart

Aowei Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.60

3.98

6.22

7.04

5.67

Aowei Holding Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															3.46	3.50	3.92	2.94	2.85

Aowei Holding Inventory Turnover Calculation

Aowei Holding'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 )
=	621.475	/ (	(96.973	+	122.116)	/	2 )
=	621.475	/	109.5445
=	5.67

Aowei Holding's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	324.057	/ (	(105.399	+	122.116)	/	2 )
=	324.057	/	113.7575
=	2.85

Aowei Holding (HKSE:01370) 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.

Aowei Holding's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	113.7575	/	324.057	*	365 / 2
	=	64.07

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.

Aowei Holding's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	113.7575	/	340.735
	=	0.33

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.

Aowei Holding Inventory Turnover Related Terms

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Aowei Holding (HKSE:01370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aowei Holding Ltd (HKSE:01370) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

No. 91 Guangping Avenue, Laiyuan County, Hebei Province, Baoding, CHN, 074300

Website

http://www.aoweiholding.com

Aowei Holding Ltd is engaged in the exploration, mining, processing, and trading of iron ore products and the provision of hospital management service in the People's Republic of China (PRC). The company owns and operates mines that are located in the Hebei Province, through which it produces iron ore and steel in the PRC. Its major product offering includes iron ores, and iron ore concentrates that are processed at Gufen Mine, Wang'ergou Mine and Shuanmazhuang Mine and preliminary concentrates and iron ores processed at and recovered from Zhijiazhuang Mine. Its segments include Mining segment and Medical segment. The company generates majority of its from Mining segment.

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