Huafon Chemical Co (SZSE:002064) Inventory Turnover : 1.46 (As of Mar. 2024)

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What is Huafon Chemical 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. Huafon Chemical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,583 Mil. Huafon Chemical Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥3,816 Mil. Huafon Chemical Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Huafon Chemical Co's Days Inventory for the three months ended in Mar. 2024 was 62.37.

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. Huafon Chemical Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.57.

Huafon Chemical Co Inventory Turnover Historical Data

The historical data trend for Huafon Chemical 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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Huafon Chemical Co Inventory Turnover Chart

Huafon Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.87

5.83

5.84

6.18

6.89

Huafon Chemical 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															1.70	1.78	1.92	1.65	1.46

Huafon Chemical Co Inventory Turnover Calculation

Huafon Chemical 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 )
=	22262.192	/ (	(2839.615	+	3621.178)	/	2 )
=	22262.192	/	3230.3965
=	6.89

Huafon Chemical 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 )
=	5583.312	/ (	(3621.178	+	4010.907)	/	2 )
=	5583.312	/	3816.0425
=	1.46

Huafon Chemical Co (SZSE:002064) 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.

Huafon Chemical 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
	=	3816.0425	/	5583.312	*	365 / 4
	=	62.37

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.

Huafon Chemical 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 )
	=	3816.0425	/	6656.787
	=	0.57

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.

Huafon Chemical Co Inventory Turnover Related Terms

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Huafon Chemical Co (SZSE:002064) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Huafon Chemical Co Ltd (SZSE:002064) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xincheng Town Industrial Park, Zhejiang Province, Ruian, CHN, 325200

Website

http://www.spandex.com.cn

Huafon Chemical Co Ltd is a China-based company engaged in the production sales of spandex fiber, polyurethane stock solution and refined adipic acid.

Executives

Li Yi Lun	Secretary, Director
Pan Ji Chu	Directors, executives
Yu Zhi Li	Executives
Xu Ning	Executives
Xi Qing	Executives
You Xiao Ping	Director
Xu Shu Yuan	Executives
Lin Jian Yi	Director
Zhuo Rui Mian	Supervisors
Chen Lin Zhen	Director
You Jin Ming	Supervisors
Yang Qing Wen	Director
Yang Cong Deng	Directors, executives
Duan Wei Dong	Supervisors

Huafon Chemical Co (SZSE:002064) Headlines

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