Hilong Holding (HKSE:01623) Inventory Turnover : 1.14 (As of Jun. 2023)

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What is Hilong 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. Hilong Holding's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$1,580 Mil. Hilong Holding's Average Total Inventories for the quarter that ended in Jun. 2023 was HK$1,390 Mil. Hilong Holding's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hilong Holding's Days Inventory for the six months ended in Jun. 2023 was 160.49.

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. Hilong Holding's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.60.

Hilong Holding Inventory Turnover Historical Data

The historical data trend for Hilong 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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Hilong Holding Inventory Turnover Chart

Hilong Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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2.48

2.82

2.13

2.00

2.29

Hilong Holding Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															1.23	0.90	0.99	1.07	1.14

Hilong Holding Inventory Turnover Calculation

Hilong Holding's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	2980.689	/ (	(1286.769	+	1311.195)	/	2 )
=	2980.689	/	1298.982
=	2.29

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

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	1580.438	/ (	(1311.195	+	1468.458)	/	2 )
=	1580.438	/	1389.8265
=	1.14

Hilong Holding (HKSE:01623) 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.

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

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	1389.8265	/	1580.438	*	365 / 2
	=	160.49

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	1389.8265	/	2303.933
	=	0.60

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.

Hilong Holding Inventory Turnover Related Terms

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Hilong Holding (HKSE:01623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hilong Holding Ltd (HKSE:01623) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

HLONF:USA 8HL:Germany

Address

No. 1825, Luodong Road, Baoshan Industrial Zone, Shanghai, CHN, 200949

Website

http://www.hilonggroup.com

Hilong Holding Ltd manufactures and distributes oil and gas drilling equipment and coating materials, and provisions coating, oilfield, and offshore engineering services. Its segments include Oilfield equipment manufacturing and services including the production of oilfield equipment and provision of OCTG coating services; Line pipe technology and services including the provision of services related to oil and gas pipelines and production of coating materials for anti-corrosive and anti-friction purposes; Oilfield services including the provision of well drilling services, integrated comprehensive services, OCTG trading and related services to oil and gas producers; and Offshore engineering services includes the provision of offshore engineering services and offshore design services.

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