Huawen Media Group (SZSE:000793) Inventory Turnover : 152.87 (As of Mar. 2024)

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What is Huawen Media Group 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. Huawen Media Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥71.4 Mil. Huawen Media Group's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥0.5 Mil. Huawen Media Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 152.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Huawen Media Group's Days Inventory for the three months ended in Mar. 2024 was 0.60.

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. Huawen Media Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

Huawen Media Group Inventory Turnover Historical Data

The historical data trend for Huawen Media Group'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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Huawen Media Group Inventory Turnover Chart

Huawen Media Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.58

13.92

5.38

6.83

66.31

Huawen Media Group 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															7.43	10.35	9.52	14.75	152.87

Huawen Media Group Inventory Turnover Calculation

Huawen Media Group'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 )
=	446.516	/ (	(12.979	+	0.488)	/	2 )
=	446.516	/	6.7335
=	66.31

Huawen Media Group'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 )
=	71.39	/ (	(0.488	+	0.446)	/	2 )
=	71.39	/	0.467
=	152.87

Huawen Media Group (SZSE:000793) 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.

Huawen Media Group'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
	=	0.467	/	71.39	*	365 / 4
	=	0.60

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.

Huawen Media Group'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 )
	=	0.467	/	87.719
	=	0.01

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.

Huawen Media Group Inventory Turnover Related Terms

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Huawen Media Group (SZSE:000793) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Huawen Media Group (SZSE:000793) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Haidian, 4th East Road, Minsheng Building, Hainan Province, Haikou, CHN, 570208

Website

http://www.000793.com

Huawen Media Group operates in the media industry. Its business activities include financial media platforms, regional information media and related extension services, advertising consisting of radio advertising and building media.

Executives

Zhu Jin Ling	Director
Guo Quan Zhong	Independent director
Zhao Yong Tao	Supervisors
Yang Li	Director
Yin Bo Cheng	Director

Huawen Media Group (SZSE:000793) Headlines

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