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Hefei Metalforming Intelligent Manufacturing Co (SHSE:603011) Inventory Turnover : 0.18 (As of Mar. 2024)


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What is Hefei Metalforming Intelligent Manufacturing 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. Hefei Metalforming Intelligent Manufacturing Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥215 Mil. Hefei Metalforming Intelligent Manufacturing Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,192 Mil. Hefei Metalforming Intelligent Manufacturing Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hefei Metalforming Intelligent Manufacturing Co's Days Inventory for the three months ended in Mar. 2024 was 505.34.

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. Hefei Metalforming Intelligent Manufacturing Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.76.

Hefei Metalforming Intelligent Manufacturing Co Inventory Turnover Historical Data

The historical data trend for Hefei Metalforming Intelligent Manufacturing 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.

* Premium members only.

Hefei Metalforming Intelligent Manufacturing Co Inventory Turnover Chart

Hefei Metalforming Intelligent Manufacturing Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.97 1.01 1.15 1.38 1.17

Hefei Metalforming Intelligent Manufacturing 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.20 0.34 0.28 0.34 0.18

Hefei Metalforming Intelligent Manufacturing Co Inventory Turnover Calculation

Hefei Metalforming Intelligent Manufacturing 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 )
=1219.882 / ((934.88 + 1155.818) / 2 )
=1219.882 / 1045.349
=1.17

Hefei Metalforming Intelligent Manufacturing 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 )
=215.18 / ((1155.818 + 1227.513) / 2 )
=215.18 / 1191.6655
=0.18

* 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.

Hefei Metalforming Intelligent Manufacturing Co  (SHSE:603011) 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.

Hefei Metalforming Intelligent Manufacturing 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
=1191.6655/215.18*365 / 4
=505.34

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.

Hefei Metalforming Intelligent Manufacturing 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 )
=1191.6655 / 317.074
=3.76

* 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.

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.

Hefei Metalforming Intelligent Manufacturing Co Inventory Turnover Related Terms

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Hefei Metalforming Intelligent Manufacturing Co (SHSE:603011) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hefei Metalforming Intelligent Manufacturing Co Ltd (SHSE:603011) » Definitions » Inventory Turnover
Comparable Companies
SZSE:301320 SHSE:603015 SHSE:688633 SHSE:603088 SZSE:000880 SZSE:002877 SZSE:301137 SZSE:002196 SZSE:300105 SZSE:300553 GE XTER:SIE XPAR:SU ETN XKRX:373220 ITW OSTO:ATCO A EMR PH AME
Traded in Other Exchanges
N/A
Address
Hefei Economic and Technological Development Zone, Ziyun Road 123, Hefei, CHN
Website
http://www.hfpress.com
Hefei Metalforming Intelligent Manufacturing Co Ltd is engaged in the manufacturing of hydraulic press, mechanical press and other intelligent forming equipment and industrial automation equipment. The company's products and services offerings include Precision drop forging hydraulic press, Pipe straightening machine, Elbow forging hydraulic press, Door plank automatic production line, Internal high pressure forming equipment and others. It provides its solutions to Metal forming field, a Non-metal material forming, Vessal field, Aerospace field, Automobile manufacturing field, Light industry and home, Petrochemical pipe fittings field, Rail transportation field, and others.
Executives
Zhang Lan Jun senior management
Wang Yu Shan senior management
Zhang An Ping Director
Li Gui Shan senior management
Han Xiao Feng Director
Wang Xiao Feng Director
Sun Ge senior management
Wang Lei Director
Li Hui senior management
Shi Jian Wei senior management
Yan Jian Wen Director

Hefei Metalforming Intelligent Manufacturing Co (SHSE:603011) Headlines

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