Huajin International Holdings (HKSE:02738) Inventory Turnover : 14.07 (As of Dec. 2023)

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What is Huajin International 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. Huajin International Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,780 Mil. Huajin International Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$269 Mil. Huajin International Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 14.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Huajin International Holdings's Days Inventory for the six months ended in Dec. 2023 was 12.97.

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. Huajin International Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.07.

Huajin International Holdings Inventory Turnover Historical Data

The historical data trend for Huajin International 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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Huajin International Holdings Inventory Turnover Chart

Huajin International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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12.76

17.95

27.20

30.60

27.84

Huajin International Holdings Semi-Annual Data
	Dec13	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															18.53	12.22	17.60	18.14	14.07

Huajin International Holdings Inventory Turnover Calculation

Huajin International 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 )
=	6883.53	/ (	(149.766	+	344.736)	/	2 )
=	6883.53	/	247.251
=	27.84

Huajin International Holdings'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 )
=	3780.004	/ (	(192.433	+	344.736)	/	2 )
=	3780.004	/	268.5845
=	14.07

Huajin International Holdings (HKSE:02738) 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.

Huajin International Holdings'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
	=	268.5845	/	3780.004	*	365 / 2
	=	12.97

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.

Huajin International Holdings'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 )
	=	268.5845	/	3951.961
	=	0.07

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.

Huajin International Holdings Inventory Turnover Related Terms

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Huajin International Holdings (HKSE:02738) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Huajin International Holdings Ltd (HKSE:02738) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinsha Industrial Zone of Muzhou Town, Xinhui District, Guangdong Province, Jiangmen, CHN

Website

https://www.huajin-hk.com

Huajin International Holdings Ltd is an investment holding company engaged in the cold-rolled steel processing business. It is involved in the processing of hot-rolled steel coils into cold-rolled steel strips, sheets and welded steel tubes, and galvanized steel products. It provides processing, cutting, slitting, warehousing, and delivery services on customized cold-rolled steel products and galvanized steel products. It offers Cold-rolled steel products, Galvanized steel products, Hot-rolled steel products, and others. Its revenue is derived from customers located in the PRC and Southeast Asia, of which the main revenue is generated in the PRC.

Executives

Xu Songqing	2201 Interest of corporation controlled by you
Haiyi Limited	2101 Beneficial owner
Zhong Cheng International Limited	2101 Beneficial owner
Intrend Ventures Limited	2201 Interest of corporation controlled by you
Luo Canwen	2101 Beneficial owner

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