Anhui Heli Co (SHSE:600761) Inventory Turnover : 1.39 (As of Mar. 2024)

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What is Anhui Heli 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. Anhui Heli Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,417 Mil. Anhui Heli Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥2,464 Mil. Anhui Heli Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Anhui Heli Co's Days Inventory for the three months ended in Mar. 2024 was 65.81.

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. Anhui Heli Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.57.

Anhui Heli Co Inventory Turnover Historical Data

The historical data trend for Anhui Heli 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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Anhui Heli Co Inventory Turnover Chart

Anhui Heli Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.94

8.14

7.41

6.22

Anhui Heli Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.53	1.51	1.51	1.43	1.39

Anhui Heli Co Inventory Turnover Calculation

Anhui Heli 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 )
=	13869.391	/ (	(2176.963	+	2284.72)	/	2 )
=	13869.391	/	2230.8415
=	6.22

Anhui Heli Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	3416.512	/ (	(2284.72	+	2642.945)	/	2 )
=	3416.512	/	2463.8325
=	1.39

Anhui Heli Co (SHSE:600761) 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.

Anhui Heli Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	2463.8325	/	3416.512	*	365 / 4
	=	65.81

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.

Anhui Heli Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	2463.8325	/	4304.755
	=	0.57

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.

Anhui Heli Co Inventory Turnover Related Terms

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Anhui Heli Co (SHSE:600761) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Anhui Heli Co Ltd (SHSE:600761) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 668 Fangxing Avenue, Economic and Technological Development Zone, Anhui Province, Hefei, CHN, 230601

Website

http://www.helichina.com

Anhui Heli Co Ltd is a Chinese company engaged in the production and sale of forklift trucks, wheel loaders, engineering and mining machinery, foundry parts, and heat treatment products in China. The products of the company are Heli, HELI brand series forklifts. The company sells its products in China and other international countries.

Executives

Zhou Jun	senior management
Ma Qing Feng	Director
Xu Lin	Director
Yang An Guo	Director
Zhang Meng Qing	Director
Mo Jia Yuan	Supervisors
Xue Bai	Director
Zhang De Jin	Director
Qian Hong Xing	Supervisors
Xu Song Bai	senior management

Anhui Heli Co (SHSE:600761) Headlines

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