Guangzhou Hongmian Zhihui Science and Technology Innovation Co (SZSE:000523) Inventory Turnover : 2.81 (As of Mar. 2024)

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What is Guangzhou Hongmian Zhihui Science and Technology Innovation 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. Guangzhou Hongmian Zhihui Science and Technology Innovation Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥478 Mil. Guangzhou Hongmian Zhihui Science and Technology Innovation Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥170 Mil. Guangzhou Hongmian Zhihui Science and Technology Innovation Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangzhou Hongmian Zhihui Science and Technology Innovation Co's Days Inventory for the three months ended in Mar. 2024 was 32.51.

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. Guangzhou Hongmian Zhihui Science and Technology Innovation Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.32.

Guangzhou Hongmian Zhihui Science and Technology Innovation Co Inventory Turnover Historical Data

The historical data trend for Guangzhou Hongmian Zhihui Science and Technology Innovation 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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Guangzhou Hongmian Zhihui Science and Technology Innovation Co Inventory Turnover Chart

Guangzhou Hongmian Zhihui Science and Technology Innovation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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16.69

10.86

8.25

5.93

6.70

Guangzhou Hongmian Zhihui Science and Technology Innovation 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															1.26	1.59	2.60	2.87	2.81

Guangzhou Hongmian Zhihui Science and Technology Innovation Co Inventory Turnover Calculation

Guangzhou Hongmian Zhihui Science and Technology Innovation 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 )
=	2304.379	/ (	(541.718	+	146.327)	/	2 )
=	2304.379	/	344.0225
=	6.70

Guangzhou Hongmian Zhihui Science and Technology Innovation 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 )
=	477.55	/ (	(146.327	+	193.983)	/	2 )
=	477.55	/	170.155
=	2.81

Guangzhou Hongmian Zhihui Science and Technology Innovation Co (SZSE:000523) 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.

Guangzhou Hongmian Zhihui Science and Technology Innovation 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
	=	170.155	/	477.55	*	365 / 4
	=	32.51

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.

Guangzhou Hongmian Zhihui Science and Technology Innovation 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 )
	=	170.155	/	538.465
	=	0.32

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.

Guangzhou Hongmian Zhihui Science and Technology Innovation Co Inventory Turnover Related Terms

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Guangzhou Hongmian Zhihui Science and Technology Innovation Co (SZSE:000523) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Guangzhou Hongmian Zhihui Science and Technology Innovation Co Ltd (SZSE:000523) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 128 Huangpu Avenue East, Tianhe District, Guangzhou, Guangdong, CHN, 510660

Website

http://www.lonkey.com.cn

Guangzhou Hongmian Zhihui Science and Technology Innovation Co Ltd formerly Lonkey Industrial Co Ltd is engaged in the manufacturing of detergents. The products of the company include washing powder, liquid detergent, soap, and daily cleaning materials.

Executives

Liao Jian	Supervisors
Wang Zhi Gang	Secretary Dong
Wang Ying Jie	Executives
Chen Wen	Executives
Chen Jian Bin	Directors, executives
Cheng Zhi Bin	Executives
Chen Tao	Executives
Li Yun	Supervisors
Fu Yong Guo	Directors, executives
Chen Shu Xu	Executives
He Wei Wen	Supervisors

Guangzhou Hongmian Zhihui Science and Technology Innovation Co (SZSE:000523) Headlines

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