Shandong Hongyu Precision Machinery Co (SZSE:002890) Inventory Turnover : 0.73 (As of Mar. 2025)

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What is Shandong Hongyu Precision Machinery 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. Shandong Hongyu Precision Machinery Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥84.3 Mil. Shandong Hongyu Precision Machinery Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥115.3 Mil. Shandong Hongyu Precision Machinery Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 0.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shandong Hongyu Precision Machinery Co's Days Inventory for the three months ended in Mar. 2025 was 124.89.

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. Shandong Hongyu Precision Machinery Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 1.13.

Shandong Hongyu Precision Machinery Co Inventory Turnover Historical Data

The historical data trend for Shandong Hongyu Precision Machinery 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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Shandong Hongyu Precision Machinery Co Inventory Turnover Chart

Shandong Hongyu Precision Machinery Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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3.26

2.88

2.60

2.53

2.23

Shandong Hongyu Precision Machinery Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial															0.78	0.53	0.47	0.48	0.73

Shandong Hongyu Precision Machinery Co Inventory Turnover Calculation

Shandong Hongyu Precision Machinery Co's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	267.051	/ (	(116.498	+	123.123)	/	2 )
=	267.051	/	119.8105
=	2.23

Shandong Hongyu Precision Machinery Co's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	84.252	/ (	(123.123	+	107.507)	/	2 )
=	84.252	/	115.315
=	0.73

Shandong Hongyu Precision Machinery Co (SZSE:002890) 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.

Shandong Hongyu Precision Machinery Co's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	115.315	/	84.252	*	365 / 4
	=	124.89

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.

Shandong Hongyu Precision Machinery Co's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	115.315	/	101.604
	=	1.13

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.

Shandong Hongyu Precision Machinery Co Inventory Turnover Related Terms

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Shandong Hongyu Precision Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Shandong Hongyu Precision Machinery Co Ltd (SZSE:002890) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

3 Hongyu Road, Hutou Ya Economic and Technological Industrial Park, Shandong Province, Laizhou, CHN, 261400

Website

http://www.sdhynj.net

Shandong Hongyu Precision Machinery Co Ltd is engaged in research & development, production and sales of tractor hydraulic lifts.

Executives

Ji Jun Sheng	Supervisors
Li Chun Yu	Executives
Liu Zhi Hong	Directors, Directors, and Executives
Zhang Li Jie	Executives
Liu Hai Xian	Supervisors
Lv Gui Lin	Executives
Zhang Zhi Guo	Independent director

Shandong Hongyu Precision Machinery Co Headlines

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