China Haisum Engineering Co (SZSE:002116) Inventory Turnover : 230.19 (As of Jun. 2024)

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What is China Haisum Engineering 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. China Haisum Engineering Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥1,237 Mil. China Haisum Engineering Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥5 Mil. China Haisum Engineering Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 230.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Haisum Engineering Co's Days Inventory for the three months ended in Jun. 2024 was 0.40.

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. China Haisum Engineering Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.00.

China Haisum Engineering Co Inventory Turnover Historical Data

The historical data trend for China Haisum Engineering 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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China Haisum Engineering Co Inventory Turnover Chart

China Haisum Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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23.44

112.57

152.16

1,160.96

3,602.90

China Haisum Engineering 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															146.45	178.78	441.99	226.88	230.19

China Haisum Engineering Co Inventory Turnover Calculation

China Haisum Engineering 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 )
=	5683.579	/ (	(2.278	+	0.877)	/	2 )
=	5683.579	/	1.5775
=	3,602.90

China Haisum Engineering 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 )
=	1237.04	/ (	(8.446	+	2.302)	/	2 )
=	1237.04	/	5.374
=	230.19

China Haisum Engineering Co (SZSE:002116) 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.

China Haisum Engineering 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
	=	5.374	/	1237.04	*	365 / 4
	=	0.40

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.

China Haisum Engineering 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 )
	=	5.374	/	1487.409
	=	0.00

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.

China Haisum Engineering Co Inventory Turnover Related Terms

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China Haisum Engineering Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Haisum Engineering Co Ltd (SZSE:002116) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 21 Baoqing Road, Shanghai, Shanghai, CHN, 200031

Website

http://www.haisum.com

China Haisum Engineering Co Ltd is a China-based company engaged in engineering design, consulting, supervision and contracting business. Its business scope covers light and textile, trade and commissariat, agriculture and forestry, machinery, municipal public utility, and architecture.

Executives

Chen Ping	Supervisors
Yan Xiao Jian	Director
Li Nong	Supervisors
Zhang Jian Xin	Directors, executives
Lin Hong Yang	Executives
Weng Wei Min	Executives
Hu Xiao Ping	Directors, executives
Xu Qiu Hong	Director
Xu Ping Jia	Executives
Qi Yong Yi	Executives
Bian Jun Yi	Executives
Fan Yan	Executives
Xu Da Tong	Executives
Chen An Min	Director
Lu Yu Chu	Supervisors

China Haisum Engineering Co Headlines

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