Diwang Industrial Holdings (HKSE:01950) Inventory Turnover : 1.08 (As of Jun. 2024)

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What is Diwang Industrial 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. Diwang Industrial Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$163.8 Mil. Diwang Industrial Holdings's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$151.8 Mil. Diwang Industrial Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Diwang Industrial Holdings's Days Inventory for the six months ended in Jun. 2024 was 169.12.

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. Diwang Industrial Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.48.

Diwang Industrial Holdings Inventory Turnover Historical Data

The historical data trend for Diwang Industrial 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.

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Diwang Industrial Holdings Inventory Turnover Chart

Diwang Industrial Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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5.95

8.01

4.64

3.23

3.97

Diwang Industrial Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial										2.29	1.20	1.63	1.08	1.44

Diwang Industrial Holdings Inventory Turnover Calculation

Diwang Industrial Holdings'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 )
=	368.811	/ (	(109.708	+	118.469)	/	2 )
=	368.811	/	114.0885
=	3.23

Diwang Industrial Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	163.815	/ (	(118.469	+	185.143)	/	2 )
=	163.815	/	151.806
=	1.08

Diwang Industrial Holdings (HKSE:01950) 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.

Diwang Industrial Holdings's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	151.806	/	163.815	*	365 / 2
	=	169.12

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.

Diwang Industrial Holdings's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	151.806	/	314.167
	=	0.48

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.

Diwang Industrial Holdings Inventory Turnover Related Terms

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Diwang Industrial Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Diwang Industrial Holdings Ltd (HKSE:01950) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.2, Jiangshan Road, Meicheng Town, Jiande County, Zhejiang Province, Hangzhou, CHN

Website

http://www.slkj.cn

Diwang Industrial Holdings Ltd, formerly Sunlight Technology Holdings Ltd, is an investment holding company mainly engaged in the faux leather chemicals business. The Company's business includes research and development, manufacturing and sale of coating agents and synthetic resins. The Company provides a wide range of faux leather chemical products, including colorants, namely, color paste and color chips, finishes, additives, and synthetic resins, for the manufacturing of polyurethane (PU) leather and polyvinyl chloride (PVC) leather. The Company distributes its products within the domestic market and to overseas markets.

Executives

Zheng Xiuyue	2101 Beneficial owner
Wong Waiyip
Cai Jianming	2201 Interest of corporation controlled by you
Chen Hua	2201 Interest of corporation controlled by you
Chen Yong	2201 Interest of corporation controlled by you
He Zhangcai	2201 Interest of corporation controlled by you
Li Xiangyu	2201 Interest of corporation controlled by you
Lilian Global Investment Limited	2101 Beneficial owner
Liu Jing	2201 Interest of corporation controlled by you
Sunlight Global Investment Limited	2101 Beneficial owner
Zhao Xuesheng	2201 Interest of corporation controlled by you
Zhu Jianqin	2201 Interest of corporation controlled by you

Diwang Industrial Holdings Headlines

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