Han's Laser Technology Industry Group Co (SZSE:002008) Inventory Turnover : 0.38 (As of Mar. 2024)

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What is Han's Laser Technology Industry Group 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. Han's Laser Technology Industry Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,771 Mil. Han's Laser Technology Industry Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥4,621 Mil. Han's Laser Technology Industry Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Han's Laser Technology Industry Group Co's Days Inventory for the three months ended in Mar. 2024 was 238.11.

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. Han's Laser Technology Industry Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.74.

Han's Laser Technology Industry Group Co Inventory Turnover Historical Data

The historical data trend for Han's Laser Technology Industry Group 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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Han's Laser Technology Industry Group Co Inventory Turnover Chart

Han's Laser Technology Industry Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.32

2.30

2.35

2.02

2.04

Han's Laser Technology Industry Group 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															0.33	0.44	0.38	0.65	0.38

Han's Laser Technology Industry Group Co Inventory Turnover Calculation

Han's Laser Technology Industry Group 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 )
=	9167.616	/ (	(4576.721	+	4393.391)	/	2 )
=	9167.616	/	4485.056
=	2.04

Han's Laser Technology Industry Group 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 )
=	1770.824	/ (	(4393.391	+	4848.398)	/	2 )
=	1770.824	/	4620.8945
=	0.38

Han's Laser Technology Industry Group Co (SZSE:002008) 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.

Han's Laser Technology Industry Group 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
	=	4620.8945	/	1770.824	*	365 / 4
	=	238.11

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.

Han's Laser Technology Industry Group 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 )
	=	4620.8945	/	2655.636
	=	1.74

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.

Han's Laser Technology Industry Group Co Inventory Turnover Related Terms

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Han's Laser Technology Industry Group Co (SZSE:002008) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Han's Laser Technology Industry Group Co Ltd (SZSE:002008) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

NO. 9988 Shennan Avenue, Han's Laser Building, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

http://www.hanslaser.com

Founded in 2001, Han's Laser is engaged in manufacturing laser and printed circuit board processing equipment including engravers, welding machines and cutters. It is China's largest laser equipment supplier and the world's third-largest. The company's equipment is applied in the production of consumer electronics, integrated circuits, telecom equipment, auto parts, aerospace, railways and medical devices. The company is headquartered in Shenzhen, China. The group employs nearly 20,000 people and has over 100 offices in China and about 20 countries abroad.

Executives

Du Yong Gang	Directors, executives
Chen Ke Sheng	Executives
Ren Ning	Executives
Zhou Hui Qiang	Executives
Zhang Jian Qun	Directors, executives
Ning Yan Hua	Executives
Yang Chao Hui	Executives
Huang Xiang Hu	Executives
Yin Jian Gang	Executives
Zhao Guang Hui	Executives
Chen Xue Mei	Supervisors
Li Yu Ting	Executives
Chen Yan	Executives
Wang Lin	Securities Affairs Representative
Zhang Hong Xin	Executives

Han's Laser Technology Industry Group Co (SZSE:002008) Headlines

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