Xinchen China Power Holdings (STU:4XI) Inventory Turnover : 5.27 (As of Jun. 2024)

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What is Xinchen China Power Holdings 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. Xinchen China Power Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was €321.4 Mil. Xinchen China Power Holdings's Average Total Inventories for the quarter that ended in Jun. 2024 was €61.0 Mil. Xinchen China Power Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 5.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xinchen China Power Holdings's Days Inventory for the six months ended in Jun. 2024 was 34.63.

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. Xinchen China Power Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.18.

Xinchen China Power Holdings Inventory Turnover Historical Data

The historical data trend for Xinchen China Power Holdings'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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Xinchen China Power Holdings Inventory Turnover Chart

Xinchen China Power Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.47

2.43

2.65

3.20

10.41

Xinchen China Power Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.96	2.19	4.31	6.22	5.27

Xinchen China Power Holdings Inventory Turnover Calculation

Xinchen China Power Holdings'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 )
=	663.325	/ (	(65.419	+	62.03)	/	2 )
=	663.325	/	63.7245
=	10.41

Xinchen China Power Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	321.375	/ (	(62.03	+	59.937)	/	2 )
=	321.375	/	60.9835
=	5.27

Xinchen China Power Holdings (STU:4XI) 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.

Xinchen China Power Holdings's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	60.9835	/	321.375	*	365 / 2
	=	34.63

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.

Xinchen China Power Holdings's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	60.9835	/	335.444
	=	0.18

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.

Xinchen China Power Holdings Inventory Turnover Related Terms

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Xinchen China Power Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Xinchen China Power Holdings Ltd (STU:4XI) » Definitions » Inventory Turnover

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01148:Hong Kong

Address

8 Connaught Road Central, Suites 1602-05, Chater House, Hong Kong, HKG

Website

http://www.xinchenpower.com

Xinchen China Power Holdings Ltd is an investment holding company engaged in the automotive sector. The company is principally involved in the development, manufacture, and sale of automotive engines and engine parts and components for passenger vehicles and light-duty commercial vehicles. The group operates with three business segments which include Gasoline Engines, Diesel Engines, and Engine Components. Its product includes 1TZS, Crankshaft, link, CE12, DK4, and others. The business activity of the company functions in China.

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