Henan Yicheng New Energy Co (SZSE:300080) Inventory Turnover : 0.37 (As of Sep. 2024)

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What is Henan Yicheng New Energy 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. Henan Yicheng New Energy Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥747 Mil. Henan Yicheng New Energy Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥2,008 Mil. Henan Yicheng New Energy Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Henan Yicheng New Energy Co's Days Inventory for the three months ended in Sep. 2024 was 245.43.

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. Henan Yicheng New Energy Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 2.57.

Henan Yicheng New Energy Co Inventory Turnover Historical Data

The historical data trend for Henan Yicheng New Energy 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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Henan Yicheng New Energy Co Inventory Turnover Chart

Henan Yicheng New Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.16

3.66

4.43

6.63

4.96

Henan Yicheng New Energy Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.01	1.21	0.39	0.49	0.37

Henan Yicheng New Energy Co Inventory Turnover Calculation

Henan Yicheng New Energy 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 )
=	8859.66	/ (	(1567.159	+	2002.396)	/	2 )
=	8859.66	/	1784.7775
=	4.96

Henan Yicheng New Energy Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	746.541	/ (	(1998.655	+	2017.252)	/	2 )
=	746.541	/	2007.9535
=	0.37

Henan Yicheng New Energy Co (SZSE:300080) 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.

Henan Yicheng New Energy Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	2007.9535	/	746.541	*	365 / 4
	=	245.43

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.

Henan Yicheng New Energy Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	2007.9535	/	781.283
	=	2.57

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.

Henan Yicheng New Energy Co Inventory Turnover Related Terms

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Henan Yicheng New Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Henan Yicheng New Energy Co Ltd (SZSE:300080) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Kaifeng Fine Chemical Industrial Park, Henan Province, Henan, Kaifeng, CHN, 475000

Website

http://www.xindaxin.cn

Henan Yicheng New Energy Co Ltd is engaged in the production of solar crustal wafer cutting blade, recycling of waste mortar, solar power station construction, production and sales of negative electrode materials, and production and sales of monocrystalline silicon cells.

Executives

Wang Shao Feng	Director
Wang Shang Feng	Executives
Du Yong Hong	Directors, executives
Yang Guang Jie	Executives
Chang Xing Hua	Directors, executives
Lan Xiao Long	Executives
Cui Qiang	Executives
Wang An Le	Director
Yang Guo Xin	Executives
Wan Jian Min	Executives
Cui Yi	Independent director
Mai Zhi Yong	Directors, executives
Song He Chen	Director
Jiang Wei Hai	Director
Xu Yu Zhu	Executives

Henan Yicheng New Energy Co Headlines

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