Prinx Chengshan Holdings (HKSE:01809) Inventory Turnover : 2.50 (As of Dec. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Prinx Chengshan 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. Prinx Chengshan Holdings's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$4,913 Mil. Prinx Chengshan Holdings's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$1,968 Mil. Prinx Chengshan Holdings's Inventory Turnover for the quarter that ended in Dec. 2024 was 2.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Prinx Chengshan Holdings's Days Inventory for the six months ended in Dec. 2024 was 73.12.

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. Prinx Chengshan Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.33.

Prinx Chengshan Holdings Inventory Turnover Historical Data

The historical data trend for Prinx Chengshan 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.

* Premium members only.

Prinx Chengshan Holdings Inventory Turnover Chart

Prinx Chengshan Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

Get a 7-Day Free Trial

5.80

5.35

4.81

5.32

4.78

Prinx Chengshan Holdings Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial												2.37	2.72	2.96	2.38	2.50

Prinx Chengshan Holdings Inventory Turnover Calculation

Prinx Chengshan 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 )
=	9229.192	/ (	(1791.021	+	2074.358)	/	2 )
=	9229.192	/	1932.6895
=	4.78

Prinx Chengshan 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 )
=	4912.715	/ (	(1862.384	+	2074.358)	/	2 )
=	4912.715	/	1968.371
=	2.50

Prinx Chengshan Holdings (HKSE:01809) 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.

Prinx Chengshan 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
	=	1968.371	/	4912.715	*	365 / 2
	=	73.12

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.

Prinx Chengshan 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 )
	=	1968.371	/	5990.178
	=	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.

Prinx Chengshan Holdings Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Prinx Chengshan Holdings's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Prinx Chengshan Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Prinx Chengshan Holdings Ltd (HKSE:01809) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 98 Nanshan North Road, Shandong Province, Rongcheng, CHN

Website

https://www.prinxchengshan.com

Prinx Chengshan Holdings Ltd is a tire manufacturer. It sells its products under the brand name Prinx, Chengshan, Austone, and Fortune. Geographically, it generates maximum revenue from Mainland China but also has a presence in the Americas, Asia, Africa, the Middle East, and Other countries.

Executives

Zhong Guo Zhong Xing Qi Che Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Li Xiuxiang	2201 Interest of corporation controlled by you
Che Baozhen	2101 Beneficial owner
Che Hongzhi
Bi Wenjing	2202 Interest of your spouse
Shang Hai Cheng Zhan Xin Xi Ke Ji Zhong Xin	2201 Interest of corporation controlled by you
Bei Jing Zhong Ming Xin Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Cheng Shan Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Li Xiuxiang	2201 Interest of corporation controlled by you
Che Hongzhi	2202 Interest of your spouse
Che Baozhen	2201 Interest of corporation controlled by you
Red Avenue Investment Group Limited	2201 Interest of corporation controlled by you
Sino Legend Holding Group Limited	2101 Beneficial owner
Zhang Ning	2201 Interest of corporation controlled by you
Hua Qi Zhong Guo Hua Gong You Xian Gong Si	2201 Interest of corporation controlled by you

Prinx Chengshan Holdings Headlines

No Headlines