Harbin Jiuzhou Group Co (SZSE:300040) Inventory Turnover : 0.81 (As of Mar. 2025)

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What is Harbin Jiuzhou Group 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. Harbin Jiuzhou Group Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥218 Mil. Harbin Jiuzhou Group Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥271 Mil. Harbin Jiuzhou Group Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 0.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Harbin Jiuzhou Group Co's Days Inventory for the three months ended in Mar. 2025 was 113.27.

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. Harbin Jiuzhou Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.88.

Harbin Jiuzhou Group Co Inventory Turnover Historical Data

The historical data trend for Harbin Jiuzhou Group 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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Harbin Jiuzhou Group Co Inventory Turnover Chart

Harbin Jiuzhou Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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3.67

4.27

3.36

3.28

4.84

Harbin Jiuzhou Group 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															1.19	1.17	0.74	1.60	0.81

Harbin Jiuzhou Group Co Inventory Turnover Calculation

Harbin Jiuzhou Group 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 )
=	1075.683	/ (	(185.746	+	258.913)	/	2 )
=	1075.683	/	222.3295
=	4.84

Harbin Jiuzhou Group 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 )
=	218.065	/ (	(258.913	+	282.451)	/	2 )
=	218.065	/	270.682
=	0.81

Harbin Jiuzhou Group Co (SZSE:300040) 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.

Harbin Jiuzhou Group 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
	=	270.682	/	218.065	*	365 / 4
	=	113.27

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.

Harbin Jiuzhou Group 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 )
	=	270.682	/	308.289
	=	0.88

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.

Harbin Jiuzhou Group Co Inventory Turnover Related Terms

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Harbin Jiuzhou Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harbin Jiuzhou Group Co Ltd (SZSE:300040) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 609 Jiuzhou Road, Songbei District, Heilongjiang Province, Harbin, CHN, 150027

Website

http://www.jze.com.cn

Harbin Jiuzhou Group Co Ltd operates as an electrical equipment supplier and energy efficient management solutions provider. The solutions provided by the company include building technology, distribution automation, rail transit solution, data center, and city and infrastructure. The products and services include power products, switchgear, high voltage motor drive products, and power system automation.

Executives

Li Yin	Director
Li Zhen	Securities Affairs Representative
Zhang Qing	Directors, executives
Liu Fu Li	Executives
Yang Deng Rui	Independent director
Zou Cun Dong	Executives

Harbin Jiuzhou Group Co Headlines

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