Shanghai Highly Group Co (SHSE:600619) Inventory Turnover : 1.11 (As of Sep. 2024)

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What is Shanghai Highly 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. Shanghai Highly Group Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥3,660 Mil. Shanghai Highly Group Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥3,303 Mil. Shanghai Highly Group Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Highly Group Co's Days Inventory for the three months ended in Sep. 2024 was 82.34.

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. Shanghai Highly Group Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.79.

Shanghai Highly Group Co Inventory Turnover Historical Data

The historical data trend for Shanghai Highly 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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Shanghai Highly Group Co Inventory Turnover Chart

Shanghai Highly Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.57

4.48

5.63

4.97

4.38

Shanghai Highly Group Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.14	0.85	1.42	1.50	1.11

Shanghai Highly Group Co Inventory Turnover Calculation

Shanghai Highly 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 )
=	14921.902	/ (	(3067.439	+	3744.428)	/	2 )
=	14921.902	/	3405.9335
=	4.38

Shanghai Highly Group Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	3660.039	/ (	(3052.572	+	3553.098)	/	2 )
=	3660.039	/	3302.835
=	1.11

Shanghai Highly Group Co (SHSE:600619) 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.

Shanghai Highly Group Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	3302.835	/	3660.039	*	365 / 4
	=	82.34

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.

Shanghai Highly Group Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	3302.835	/	4192.272
	=	0.79

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.

Shanghai Highly Group Co Inventory Turnover Related Terms

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Shanghai Highly Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Highly Group Co Ltd (SHSE:600619) » Definitions » Inventory Turnover

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Traded in Other Exchanges

900910:China

Address

No. 888 Ningqiao Road, Jinqiao Export Processing Zone, Pudong, Shanghai, Shanghai, CHN, 201206

Website

http://www.highly.cc

Shanghai Highly Group Co Ltd is a China-based company. It is principally engaged in the research and development, production and sales of compressors and related refrigeration equipment.

Executives

Zhuang Hua	Directors, senior managers
Zheng Jian Dong	Directors, senior managers
Luo Min	senior management
Zheng Min	senior management
Yuan Yuan	senior management
Ge Ming	Director
Xin Yi	Supervisors
Shen Jian Fang	Director
Feng Guo Dong	Director
Li Li	Supervisors
Qin Wen Jun	senior management
Guo Zhu Ping	Director
Lv Kang Chu	Supervisors
Dong Xiao Qing	Director
Li Li	Supervisors

Shanghai Highly Group Co Headlines

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