Huayu Expressway Group (HKSE:01823) Inventory Turnover : 0.50 (As of Dec. 2023)

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What is Huayu Expressway Group 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. Huayu Expressway Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$111.6 Mil. Huayu Expressway Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$222.6 Mil. Huayu Expressway Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Huayu Expressway Group's Days Inventory for the six months ended in Dec. 2023 was 363.91.

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. Huayu Expressway Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.56.

Huayu Expressway Group Inventory Turnover Historical Data

The historical data trend for Huayu Expressway Group'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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Huayu Expressway Group Inventory Turnover Chart

Huayu Expressway Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.23

4.75

6.05

2.33

1.39

Huayu Expressway Group 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															2.40	1.56	0.92	1.21	0.50

Huayu Expressway Group Inventory Turnover Calculation

Huayu Expressway Group'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 )
=	319.482	/ (	(178.6	+	280.694)	/	2 )
=	319.482	/	229.647
=	1.39

Huayu Expressway Group'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 )
=	111.643	/ (	(164.547	+	280.694)	/	2 )
=	111.643	/	222.6205
=	0.50

Huayu Expressway Group (HKSE:01823) 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.

Huayu Expressway Group'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
	=	222.6205	/	111.643	*	365 / 2
	=	363.91

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.

Huayu Expressway Group'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 )
	=	222.6205	/	142.515
	=	1.56

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.

Huayu Expressway Group Inventory Turnover Related Terms

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Huayu Expressway Group (HKSE:01823) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Huayu Expressway Group Ltd (HKSE:01823) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

89 Queensway, Lippo Centre, Unit 1205, 12th Floor , Tower 1, Hong Kong, HKG

Website

http://www.huayu.com.hk

Huayu Expressway Group Ltd is an Investment holding firm. The company with its subsidiaries is engaged in the development of infrastructure mainly in China. Its primary business is to invest, build, operate, and manage infrastructure projects. It has three reportable segments: Qing Ping Expressway, construction, operation, and management of the Qing Ping Expressway, and; Liquor and spirits, the main distribution of Huamaojiu and Xijiushaofang, and the majority of the revenue comes from the Liquor and spirits.

Executives

Integrated Capital (asia) Limited	2101 Beneficial owner
Yam Tak Cheung	2201 Interest of corporation controlled by you
Velocity International Limited	2101 Beneficial owner
Tcg Capital Investment Limited	2106 Person having a security interest in shares
Chan Yeung Nam	2201 Interest of corporation controlled by you

Huayu Expressway Group (HKSE:01823) Headlines

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