Hainan Expressway Co (SZSE:000886) Inventory Turnover : 0.03 (As of Jun. 2024)

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What is Hainan Expressway 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. Hainan Expressway Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥19.4 Mil. Hainan Expressway Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥573.9 Mil. Hainan Expressway Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hainan Expressway Co's Days Inventory for the three months ended in Jun. 2024 was 2,693.70.

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. Hainan Expressway Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 25.27.

Hainan Expressway Co Inventory Turnover Historical Data

The historical data trend for Hainan Expressway 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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Hainan Expressway Co Inventory Turnover Chart

Hainan Expressway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.20

0.06

0.07

0.20

0.18

Hainan Expressway Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.03	0.03	0.13	0.02	0.03

Hainan Expressway Co Inventory Turnover Calculation

Hainan Expressway 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 )
=	85.982	/ (	(387.143	+	542.393)	/	2 )
=	85.982	/	464.768
=	0.18

Hainan Expressway Co'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: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	19.441	/ (	(541.564	+	606.234)	/	2 )
=	19.441	/	573.899
=	0.03

Hainan Expressway Co (SZSE:000886) 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.

Hainan Expressway Co's Days Inventory for the three 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
	=	573.899	/	19.441	*	365 / 4
	=	2,693.70

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.

Hainan Expressway Co'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 )
	=	573.899	/	22.713
	=	25.27

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.

Hainan Expressway Co Inventory Turnover Related Terms

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Hainan Expressway Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hainan Expressway Co Ltd (SZSE:000886) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lantian Road, Highway Building No. 16, Hainan Province, Haikou, CHN, 570203

Website

http://www.hi-expressway.com

Hainan Expressway Co Ltd is engaged in the design, construction, conservation, and management of highways. Further, it is also involved in various other activities of real estate, hotel tourism, information networks, advertising and other fields. Geographically the activities are carried out through China.

Executives

Yao Wei Qing	Executives
Xu Da Jun	Supervisors
Ceng Guo Hua	Director
Fu Guo Hua	Director
Lin Sheng Ce	Executives

Hainan Expressway Co Headlines

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