Suzhou Hailu Heavy Industry Co (SZSE:002255) Inventory Turnover : 0.22 (As of Mar. 2024)

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What is Suzhou Hailu Heavy Industry 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. Suzhou Hailu Heavy Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥350 Mil. Suzhou Hailu Heavy Industry Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,562 Mil. Suzhou Hailu Heavy Industry Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Suzhou Hailu Heavy Industry Co's Days Inventory for the three months ended in Mar. 2024 was 406.83.

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. Suzhou Hailu Heavy Industry Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.36.

Suzhou Hailu Heavy Industry Co Inventory Turnover Historical Data

The historical data trend for Suzhou Hailu Heavy Industry 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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Suzhou Hailu Heavy Industry Co Inventory Turnover Chart

Suzhou Hailu Heavy Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.85

1.53

1.84

1.42

1.43

Suzhou Hailu Heavy Industry 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															0.24	0.40	0.22	0.50	0.22

Suzhou Hailu Heavy Industry Co Inventory Turnover Calculation

Suzhou Hailu Heavy Industry 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 )
=	2082.634	/ (	(1365.796	+	1545.161)	/	2 )
=	2082.634	/	1455.4785
=	1.43

Suzhou Hailu Heavy Industry 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 )
=	350.357	/ (	(1545.161	+	1578.873)	/	2 )
=	350.357	/	1562.017
=	0.22

Suzhou Hailu Heavy Industry Co (SZSE:002255) 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.

Suzhou Hailu Heavy Industry 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
	=	1562.017	/	350.357	*	365 / 4
	=	406.83

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.

Suzhou Hailu Heavy Industry 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 )
	=	1562.017	/	465.377
	=	3.36

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.

Suzhou Hailu Heavy Industry Co Inventory Turnover Related Terms

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Suzhou Hailu Heavy Industry Co (SZSE:002255) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Hailu Heavy Industry Co Ltd (SZSE:002255) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Renmin West Road, Yangshe Town, Zhangjiagang, Jiangsu, CHN, 215600

Website

http://www.hailu-boiler.cn

Suzhou Hailu Heavy Industry Co Ltd is engaged in the manufacturing of energy saving and environmental protection equipment. The products of the company include boiler products, large pressure vessels, nuclear power equipment, low temperature and environmental protection projects.

Executives

Xu Ran	Executives
Zhu Jian Zhong	Directors, executives
Wang Ping	Supervisors
Zou Xue Feng	Supervisors
Xu Yuan Sheng	Directors, executives
Zhou Zhong Sheng	Independent director
Pan Jian Hua	Directors, executives
Chen Ji Qiang	Directors, executives
Min Ping Qiang	Supervisors
Zhou Hua	Executives
Zhang Guo Yi	Directors, executives
Zhang Wei Bing	Director
Song Ju Neng	Executives
Hui Jian Ming	Directors, executives

Suzhou Hailu Heavy Industry Co (SZSE:002255) Headlines

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