Hywin Holdings (Hywin Holdings) Inventory Turnover : 56.06 (As of Dec. 2022)

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What is Hywin 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. Hywin Holdings's Cost of Goods Sold for the six months ended in Dec. 2022 was $86.4 Mil. Hywin Holdings's Average Total Inventories for the quarter that ended in Dec. 2022 was $1.5 Mil. Hywin Holdings's Inventory Turnover for the quarter that ended in Dec. 2022 was 56.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hywin Holdings's Days Inventory for the six months ended in Dec. 2022 was 3.26.

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. Hywin Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.01.

Hywin Holdings Inventory Turnover Historical Data

The historical data trend for Hywin 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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Hywin Holdings Inventory Turnover Chart

Hywin Holdings Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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Hywin Holdings Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial					-	-	-	56.06	56.95

Hywin Holdings Inventory Turnover Calculation

Hywin Holdings's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	171.874	/ (	(0	+	0)	/	1 )
=	171.874	/	0
=	N/A

Hywin Holdings's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	86.395	/ (	(0	+	1.541)	/	1 )
=	86.395	/	1.541
=	56.06

Hywin Holdings (NAS:HYW) 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.

Hywin Holdings's Days Inventory for the six months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	1.541	/	86.395	*	365 / 2
	=	3.26

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.

Hywin Holdings's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	1.541	/	148.598
	=	0.01

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.

Hywin Holdings Inventory Turnover Related Terms

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Hywin Holdings (Hywin Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hywin Holdings Ltd (NAS:HYW) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

8 Yincheng Mid. Road, F3, Hywin Financial Centre, Pudong New District, Shanghai, CHN, 200120

Website

http://www.hywinwealth.com

Hywin Holdings Ltd is a wealth management service provider in China. It primarily provide wealth management services, insurance brokerage services, asset management services and other services to clients.