Huazhang Technology Holding (HKSE:01673) Inventory Turnover : 0.79 (As of Dec. 2023)

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What is Huazhang Technology 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. Huazhang Technology Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$152.2 Mil. Huazhang Technology Holding's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$193.7 Mil. Huazhang Technology Holding's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Huazhang Technology Holding's Days Inventory for the six months ended in Dec. 2023 was 232.28.

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. Huazhang Technology Holding's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.06.

Huazhang Technology Holding Inventory Turnover Historical Data

The historical data trend for Huazhang Technology 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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Huazhang Technology Holding Inventory Turnover Chart

Huazhang Technology Holding Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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7.45

2.89

3.02

1.94

2.96

Huazhang Technology 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															1.07	0.91	0.82	2.00	0.79

Huazhang Technology Holding Inventory Turnover Calculation

Huazhang Technology Holding's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	487.561	/ (	(161.886	+	168.057)	/	2 )
=	487.561	/	164.9715
=	2.96

Huazhang Technology 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 )
=	152.172	/ (	(168.057	+	219.31)	/	2 )
=	152.172	/	193.6835
=	0.79

Huazhang Technology Holding (HKSE:01673) 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.

Huazhang Technology 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
	=	193.6835	/	152.172	*	365 / 2
	=	232.28

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.

Huazhang Technology 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 )
	=	193.6835	/	182.628
	=	1.06

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.

Huazhang Technology Holding Inventory Turnover Related Terms

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Huazhang Technology Holding (HKSE:01673) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Huazhang Technology Holding Ltd (HKSE:01673) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 99 Xiangyuan Road, Room 1101, Block 2, Canal Advertising Industry Building, Gongshu District , Zhejiang Province, Hangzhou, CHN

Website

http://www.hzeg.com

Huazhang Technology Holding Ltd is principally engaged in the research, development, manufacture, and sale of paper-making products in the People's Republic of China. The company operates through four segments. Its Industrial products segment includes paper-making-related production machines. The Project contracting services segment is a key revenue driver, which consists of system integration of complete-set paper-making equipment. Its Environmental products segment provides complete treatment for wastewater, sludge, solid waste and others. The company's Supporting services segment relates to the after-sale and maintenance services, the sale of paper-making equipment parts, and other services. It generates maximum revenue from Industrial products segment.

Executives

Shi Chenghu
Dao He Investment Limited	2105 Underwriter
Fang Hui	2201 Interest of corporation controlled by you
Wang Ai Yan
Kaiser Financing Company Limited	2101 Beneficial owner
Yeung Yun Chuen	2201 Interest of corporation controlled by you
Yeung Wai	2201 Interest of corporation controlled by you
Yan Kam Cheong	2201 Interest of corporation controlled by you
Wealthy Land Investments Group Limited	2101 Beneficial owner
Fang Hui	2101 Beneficial owner
Swift Fortune Holdings Limited	2101 Beneficial owner
Rosy Ease Limited	2201 Interest of corporation controlled by you
Gain Channel Limited	2201 Interest of corporation controlled by you
F&l Holding (hk) Limited	2301 Trustee
Lian Shun Limited

Huazhang Technology Holding (HKSE:01673) Headlines

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