Hunan Corun New Energy Co (SHSE:600478) Inventory Turnover : 2.88 (As of Mar. 2025)

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What is Hunan Corun New Energy 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. Hunan Corun New Energy Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥751 Mil. Hunan Corun New Energy Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥261 Mil. Hunan Corun New Energy Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 2.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hunan Corun New Energy Co's Days Inventory for the three months ended in Mar. 2025 was 31.67.

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. Hunan Corun New Energy Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.29.

Hunan Corun New Energy Co Inventory Turnover Historical Data

The historical data trend for Hunan Corun New Energy 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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Hunan Corun New Energy Co Inventory Turnover Chart

Hunan Corun New Energy Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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8.81

9.61

9.54

9.07

11.19

Hunan Corun New Energy Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial															1.59	2.18	2.83	4.55	2.88

Hunan Corun New Energy Co Inventory Turnover Calculation

Hunan Corun New Energy Co's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	3367.886	/ (	(343.059	+	258.629)	/	2 )
=	3367.886	/	300.844
=	11.19

Hunan Corun New Energy Co's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	750.893	/ (	(258.629	+	262.623)	/	2 )
=	750.893	/	260.626
=	2.88

Hunan Corun New Energy Co (SHSE:600478) 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.

Hunan Corun New Energy Co's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	260.626	/	750.893	*	365 / 4
	=	31.67

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.

Hunan Corun New Energy Co's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	260.626	/	886.507
	=	0.29

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.

Hunan Corun New Energy Co Inventory Turnover Related Terms

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Hunan Corun New Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hunan Corun New Energy Co Ltd (SHSE:600478) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

348W Tongzipo Road, National High-Tech Industrial Development Zone, Changsha, Hunan, CHN, 410205

Website

http://www.corun.com

Hunan Corun New Energy Co Ltd is a China-based company engaged in the manufacture and sale of energy storage materials, batteries, electric vehicle battery power pack and its extension products. Its key products include nickel products, power batteries, consumer batteries, and hybrid power assembly systems.

Executives

Zhang Ju Dong	Director
Li Qing Lin	senior management
Li Zhuo	senior management
Zhang Fei	senior management
Wang Jian Hui	senior management
Zou Lin	Director
Lu Yu Bin	Director
Yi Xian Ke	senior management
Yin Zhi Feng	Supervisors
Liu Cai Yun	Director
Zhang Wei	senior management
Liu Yi	senior management
Yu Xin Min	senior management
Zhong Xian	senior management
Chen Si	senior management

Hunan Corun New Energy Co Headlines

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