Huapont Life Science Co (SZSE:002004) Inventory Turnover : 0.72 (As of Mar. 2024)

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What is Huapont Life Science 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. Huapont Life Science Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,859 Mil. Huapont Life Science Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥2,591 Mil. Huapont Life Science Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Huapont Life Science Co's Days Inventory for the three months ended in Mar. 2024 was 127.17.

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. Huapont Life Science Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.89.

Huapont Life Science Co Inventory Turnover Historical Data

The historical data trend for Huapont Life Science 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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Huapont Life Science Co Inventory Turnover Chart

Huapont Life Science Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.67

3.18

3.53

3.19

2.71

Huapont Life Science 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															0.68	0.56	0.67	0.67	0.72

Huapont Life Science Co Inventory Turnover Calculation

Huapont Life Science 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 )
=	7059.524	/ (	(2535.579	+	2674.606)	/	2 )
=	7059.524	/	2605.0925
=	2.71

Huapont Life Science 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 )
=	1859.122	/ (	(2674.606	+	2507.214)	/	2 )
=	1859.122	/	2590.91
=	0.72

Huapont Life Science Co (SZSE:002004) 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.

Huapont Life Science 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
	=	2590.91	/	1859.122	*	365 / 4
	=	127.17

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.

Huapont Life Science 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 )
	=	2590.91	/	2915.49
	=	0.89

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.

Huapont Life Science Co Inventory Turnover Related Terms

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Huapont Life Science Co (SZSE:002004) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Huapont Life Science Co Ltd (SZSE:002004) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 69, Renhe Xingguang Avenue, Yubei District, Chongqing, CHN, 401121

Website

http://www.huapont.com.cn

Huapont Life Science Co Ltd is a China-based company engaged in the manufacturing and distribution of pharmaceutical products. In addition, the company is also engaged in the agrochemical business and medical business. The agrochemical department is mainly engaged in the research and development, production, sales, and technical services of pesticide intermediates, original drugs, and preparations.

Executives

Zhang Hai An	Directors, executives
Wang Rong	Director
Yu Jun Tian	Director
Zhang Song Shan	Directors, executives
Chen Zhi	Securities Affairs Representative
Jiang Kang Wei	Director
Lv Li Ming	Director
Li Sheng Xue	Director
Luo Da Lin	Supervisors
Li Zhi	Directors, executives
Tian Song Min	Executives
Wu Bi Zhong	Director
Yu Yun Jian	Supervisors
Gu Chuan Wei	Supervisors

Huapont Life Science Co (SZSE:002004) Headlines

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