Hytera Communications (SZSE:002583) Inventory Turnover : 0.37 (As of Mar. 2024)

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What is Hytera Communications 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. Hytera Communications's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥652 Mil. Hytera Communications's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,780 Mil. Hytera Communications's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hytera Communications's Days Inventory for the three months ended in Mar. 2024 was 249.24.

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. Hytera Communications's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.41.

Hytera Communications Inventory Turnover Historical Data

The historical data trend for Hytera Communications'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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Hytera Communications Inventory Turnover Chart

Hytera Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.46

1.76

1.85

1.69

Hytera Communications 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															0.25	0.39	0.35	0.60	0.37

Hytera Communications Inventory Turnover Calculation

Hytera Communications'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 )
=	2873.792	/ (	(1706.691	+	1703.018)	/	2 )
=	2873.792	/	1704.8545
=	1.69

Hytera Communications'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 )
=	651.676	/ (	(1703.018	+	1857.005)	/	2 )
=	651.676	/	1780.0115
=	0.37

Hytera Communications (SZSE:002583) 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.

Hytera Communications'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
	=	1780.0115	/	651.676	*	365 / 4
	=	249.24

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.

Hytera Communications'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 )
	=	1780.0115	/	1265.592
	=	1.41

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.

Hytera Communications Inventory Turnover Related Terms

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Hytera Communications (SZSE:002583) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hytera Communications Corp Ltd (SZSE:002583) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

North Ring Road, No. 9108 Hytera Building, Shenzhen Hi-Tech Industrial Park North, Nanshan District, Guangdong, Shenzhen, CHN, 518057

Website

http://www.hytera.com

Hytera Communications Corp Ltd designs & manufactures professional wireless communications equipment, offering customized communication solutions to government, utility, enterprises & businesses to help achieve higher organizational efficiency.

Executives

Jiang Ye Lin	Directors, executives
Zhu De You	Supervisors
Peng Jian Feng	Director
Chen Qing Zhou	Director
Wu Mei	Directors, executives
Tian Zhi Yong	Securities Affairs Representative
Deng Feng	Supervisors
Zhang Ju	Directors, Directors, and Executives
Li Shao Qian	Independent director
Zhang Yu Cheng	Supervisors
Tan Xue Zhi	Director
Ceng Hua	Directors, executives
Wang Zhuo	Supervisors
Fu Dong Hui	Supervisors
Zhang Yong	Securities Affairs Representative

Hytera Communications (SZSE:002583) Headlines

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