Hubei Shuanghuan Science And Technology Stock Co (SZSE:000707) Inventory Turnover : 6.30 (As of Sep. 2024)

View and export this data going back to 1997. Start your Free Trial

What is Hubei Shuanghuan Science And Technology Stock 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. Hubei Shuanghuan Science And Technology Stock Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥466 Mil. Hubei Shuanghuan Science And Technology Stock Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥74 Mil. Hubei Shuanghuan Science And Technology Stock Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 6.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hubei Shuanghuan Science And Technology Stock Co's Days Inventory for the three months ended in Sep. 2024 was 14.47.

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. Hubei Shuanghuan Science And Technology Stock Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.13.

Hubei Shuanghuan Science And Technology Stock Co Inventory Turnover Historical Data

The historical data trend for Hubei Shuanghuan Science And Technology Stock 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.

Hubei Shuanghuan Science And Technology Stock Co Inventory Turnover Chart

Hubei Shuanghuan Science And Technology Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

3.37

4.65

9.71

28.60

36.56

Hubei Shuanghuan Science And Technology Stock Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															11.90	13.27	9.90	10.46	6.30

Hubei Shuanghuan Science And Technology Stock Co Inventory Turnover Calculation

Hubei Shuanghuan Science And Technology Stock 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 )
=	2887.575	/ (	(95.524	+	62.436)	/	2 )
=	2887.575	/	78.98
=	36.56

Hubei Shuanghuan Science And Technology Stock Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	465.752	/ (	(56.565	+	91.178)	/	2 )
=	465.752	/	73.8715
=	6.30

Hubei Shuanghuan Science And Technology Stock Co (SZSE:000707) 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.

Hubei Shuanghuan Science And Technology Stock Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	73.8715	/	465.752	*	365 / 4
	=	14.47

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.

Hubei Shuanghuan Science And Technology Stock Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	73.8715	/	560.319
	=	0.13

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.

Hubei Shuanghuan Science And Technology Stock Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Hubei Shuanghuan Science And Technology Stock Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Hubei Shuanghuan Science And Technology Stock Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hubei Shuanghuan Science And Technology Stock Co Ltd (SZSE:000707) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 26 Unity Avenue, Dongmafang, Hubei Province, Yingcheng, CHN, 432407

Website

http://www.hbshkj.cn

Hubei Shuanghuan Science And Technology Stock Co Ltd is a China based company involved in the chemical manufacturing. It is principally engaged in the manufacture of soda ash, ammonium chloride, baking soda, oxygen, liquid argon, sulfur, crude salt, and hydrochloric acid.

Executives

Chen Juan	Supervisors
Bai Yan Ting	Supervisors
Lei Fan	Executives
Nie Yi Min	Directors, executives

Hubei Shuanghuan Science And Technology Stock Co Headlines

No Headlines