GHW International (HKSE:09933) Inventory Turnover : 4.12 (As of Jun. 2024)

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What is GHW International 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. GHW International's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$1,718 Mil. GHW International's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$417 Mil. GHW International's Inventory Turnover for the quarter that ended in Jun. 2024 was 4.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GHW International's Days Inventory for the six months ended in Jun. 2024 was 44.32.

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. GHW International's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.22.

GHW International Inventory Turnover Historical Data

The historical data trend for GHW International'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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GHW International Inventory Turnover Chart

GHW International Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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10.36

9.43

7.79

8.15

9.10

GHW International Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial											3.58	3.60	4.49	4.12	4.43

GHW International Inventory Turnover Calculation

GHW International'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 )
=	3150.836	/ (	(401.057	+	372.011)	/	2 )
=	3150.836	/	386.534
=	8.15

GHW International'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 )
=	1717.834	/ (	(372.011	+	462.248)	/	2 )
=	1717.834	/	417.1295
=	4.12

GHW International (HKSE:09933) 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.

GHW International'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
	=	417.1295	/	1717.834	*	365 / 2
	=	44.32

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.

GHW International'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 )
	=	417.1295	/	1927.222
	=	0.22

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.

GHW International Inventory Turnover Related Terms

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GHW International Business Description

Industry

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Traded in Other Exchanges

N/A

Address

No. 69 Aoti Street, 2nd and 3rd floor, 6th Building, Xincheng Science Park, Nanjing, CHN

Website

https://www.goldenhighway.com

GHW International is an applied chemical intermediates provider in the integrated chemical services market, which engages in the production and sales of chemicals and sales of chemicals produced by third party manufacturers based in the PRC, the Southeast Asia region, Europe and the us. It offers a comprehensive product portfolio with a wide range of applications and a full spectrum of services relating to chemical intermediates supply chain. Its business operation consists of four principal business segments which include polyurethane materials, animal nutrition chemicals, fine chemicals and pharmaceutical products and intermediates.

Executives

Chen Zhaohui	2101 Beneficial owner
Endless Reward Limited	2101 Beneficial owner
Wu Hailing	2202 Interest of your spouse
Yin Yanbin	2201 Interest of corporation controlled by you
Commonwealth B Limited	2101 Beneficial owner
Commonwealth Yanbin Limited	2201 Interest of corporation controlled by you
Commonwealth Ghw Limited	2101 Beneficial owner
Commonwealth Happy Elephant Limited	2101 Beneficial owner
Commonwealth Yyb Limited	2201 Interest of corporation controlled by you
Tricor Trust (hong Kong) Limited	2301 Trustee
Ze Lu	2101 Beneficial owner

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