Wuhan East Lake High Technology Group Co (SHSE:600133) Inventory Turnover : 0.07 (As of Jun. 2024)

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What is Wuhan East Lake High Technology Group Co 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. Wuhan East Lake High Technology Group Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥303 Mil. Wuhan East Lake High Technology Group Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥4,467 Mil. Wuhan East Lake High Technology Group Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wuhan East Lake High Technology Group Co's Days Inventory for the three months ended in Jun. 2024 was 1,346.15.

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. Wuhan East Lake High Technology Group Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 10.25.

Wuhan East Lake High Technology Group Co Inventory Turnover Historical Data

The historical data trend for Wuhan East Lake High Technology Group Co'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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Wuhan East Lake High Technology Group Co Inventory Turnover Chart

Wuhan East Lake High Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.21

2.31

2.91

3.95

3.67

Wuhan East Lake High Technology Group Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.84	1.13	0.81	0.06	0.07

Wuhan East Lake High Technology Group Co Inventory Turnover Calculation

Wuhan East Lake High Technology Group Co'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 )
=	12867.432	/ (	(3006.838	+	4007.806)	/	2 )
=	12867.432	/	3507.322
=	3.67

Wuhan East Lake High Technology Group Co'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: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	302.773	/ (	(4352.026	+	4581.191)	/	2 )
=	302.773	/	4466.6085
=	0.07

Wuhan East Lake High Technology Group Co (SHSE:600133) 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.

Wuhan East Lake High Technology Group Co's Days Inventory for the three 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
	=	4466.6085	/	302.773	*	365 / 4
	=	1,346.15

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.

Wuhan East Lake High Technology Group Co'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 )
	=	4466.6085	/	435.812
	=	10.25

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.

Wuhan East Lake High Technology Group Co Inventory Turnover Related Terms

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Wuhan East Lake High Technology Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wuhan East Lake High Technology Group Co Ltd (SHSE:600133) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Huaguan Avenue, Donghu Gaoxin Building, Hongshan District, Wuhan, Hubei, CHN, 430074

Website

http://www.elht.com

Wuhan East Lake High Technology Group Co Ltd is a China-based company engaged in the engineering construction business. It is also engaged in the construction and operation of technology parks, as well as environmental technology business. Its engineering construction business mainly includes road and bridge contracting and construction; its environmental protection technology business mainly includes atmospheric treatment, sewage treatment, and water environment treatment; its science and technology park related business mainly include the investment, promotion, and operation of the science parks.

Executives

Lin Cheng Feng

Supervisors

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