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Huidanitary Ware Co (SHSE:603385) Inventory Turnover : 0.48 (As of Mar. 2024)


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What is Huidanitary Ware 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. Huidanitary Ware Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥491 Mil. Huidanitary Ware Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,031 Mil. Huidanitary Ware Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Huidanitary Ware Co's Days Inventory for the three months ended in Mar. 2024 was 191.45.

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. Huidanitary Ware Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.50.


Huidanitary Ware Co Inventory Turnover Historical Data

The historical data trend for Huidanitary Ware 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.

Huidanitary Ware Co Inventory Turnover Chart

Huidanitary Ware 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 3.05 3.09 3.03 2.28 2.49

Huidanitary Ware 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 0.41 0.65 0.63 0.71 0.48

Huidanitary Ware Co Inventory Turnover Calculation

Huidanitary Ware 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 )
=2690.215 / ((1147.157 + 1009.966) / 2 )
=2690.215 / 1078.5615
=2.49

Huidanitary Ware 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 )
=491.384 / ((1009.966 + 1051.916) / 2 )
=491.384 / 1030.941
=0.48

* 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.


Huidanitary Ware Co  (SHSE:603385) 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.

Huidanitary Ware 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
=1030.941/491.384*365 / 4
=191.45

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.

Huidanitary Ware 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 )
=1030.941 / 688.589
=1.50

* 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.


Huidanitary Ware Co Inventory Turnover Related Terms

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Huidanitary Ware Co (SHSE:603385) Business Description

Traded in Other Exchanges
N/A
Address
No. 7, Huida Road, Huida Ceramic World, Huanggezhuang Town, Fengnan District, Hebei Province, Tangshan City, CHN, 063307
Huida Sanitary Ware Co Ltd is a Chinese company engaged in the production and sale of sanitary ceramics products, architectural ceramics, and sanitary ware sanitary ware accessories. It offers products such as sanitary wares, bath cabinets, wall tiles, the plastic fittings, washbasin, faucets, electronic products, the bathtub and the hardware fittings. The entity offers its products to the clients all over the world.
Executives
Wang Jia Director
Zhang Chun Yu Directors, senior managers
Yin Kang Director
Wang Yan Qing Director
Wang Yan Wei Director
Wang Hui Wen Director
Du Guo Feng Director
Dong Hua Zhong Director
Yang Chun senior management

Huidanitary Ware Co (SHSE:603385) Headlines

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