Hubei Huitian New Materials Co (SZSE:300041) Inventory Turnover : 1.67 (As of Mar. 2024)

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What is Hubei Huitian New Materials 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. Hubei Huitian New Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥781 Mil. Hubei Huitian New Materials Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥467 Mil. Hubei Huitian New Materials Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hubei Huitian New Materials Co's Days Inventory for the three months ended in Mar. 2024 was 54.59.

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. Hubei Huitian New Materials Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.48.

Hubei Huitian New Materials Co Inventory Turnover Historical Data

The historical data trend for Hubei Huitian New Materials 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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Hubei Huitian New Materials Co Inventory Turnover Chart

Hubei Huitian New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.07

5.15

5.99

5.65

5.75

Hubei Huitian New Materials 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															1.52	1.67	1.93	1.48	1.67

Hubei Huitian New Materials Co Inventory Turnover Calculation

Hubei Huitian New Materials 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 )
=	3011.095	/ (	(564.636	+	482.606)	/	2 )
=	3011.095	/	523.621
=	5.75

Hubei Huitian New Materials 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 )
=	780.785	/ (	(482.606	+	451.616)	/	2 )
=	780.785	/	467.111
=	1.67

Hubei Huitian New Materials Co (SZSE:300041) 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.

Hubei Huitian New Materials 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
	=	467.111	/	780.785	*	365 / 4
	=	54.59

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.

Hubei Huitian New Materials 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 )
	=	467.111	/	969.591
	=	0.48

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.

Hubei Huitian New Materials Co Inventory Turnover Related Terms

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Hubei Huitian New Materials Co (SZSE:300041) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hubei Huitian New Materials Co Ltd (SZSE:300041) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7 Aerospace Road, National High-tech Development Zone, Hubei Province, Fuyang, CHN, 441057

Website

http://www.huitian.net.cn

Hubei Huitian New Materials Co Ltd is a China-based company engaged in the research and development, production, and sales of adhesives and chemicals. The products are used in the fields of photovoltaic, wind energy, environmental protection, transportation, electronics, general industry, building, flexible packaging and other fields. Its products are exported to Germany, Italy, USA, Brazil, Japan, India and other countries.

Executives

Zhang Li	Directors, executives
Cheng Jian Chao	Supervisors
Zhang Hong Jian	Secretary Dong
Leng Jin Zhou	Directors, executives
Wang Zheng Ye	Executives, directors
Zhao Yong Gang	Director
Shi Xiang Qiao	Director
Shi Xue Lin	Executives, directors
Zhang Feng	Director
Liu Peng	Director
Zou Zhi Jun	Executives
Wu Zheng Ming	Director
Wen Han Ping	Executives
Jin Yan	Supervisors
Ding Li	Supervisors

Hubei Huitian New Materials Co (SZSE:300041) Headlines

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