Hengxin Shambala Culture Co (SZSE:300081) Inventory Turnover : 0.14 (As of Jun. 2024)

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What is Hengxin Shambala Culture 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. Hengxin Shambala Culture Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥65.7 Mil. Hengxin Shambala Culture Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥454.1 Mil. Hengxin Shambala Culture Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hengxin Shambala Culture Co's Days Inventory for the three months ended in Jun. 2024 was 630.46.

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. Hengxin Shambala Culture Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 5.95.

Hengxin Shambala Culture Co Inventory Turnover Historical Data

The historical data trend for Hengxin Shambala Culture 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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Hengxin Shambala Culture Co Inventory Turnover Chart

Hengxin Shambala Culture Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.83

0.60

0.80

1.23

0.90

Hengxin Shambala Culture Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.25	0.29	0.33	0.15	0.14

Hengxin Shambala Culture Co Inventory Turnover Calculation

Hengxin Shambala Culture 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 )
=	311.424	/ (	(273.042	+	420.792)	/	2 )
=	311.424	/	346.917
=	0.90

Hengxin Shambala Culture Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	65.72	/ (	(426.362	+	481.775)	/	2 )
=	65.72	/	454.0685
=	0.14

Hengxin Shambala Culture Co (SZSE:300081) 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.

Hengxin Shambala Culture Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	454.0685	/	65.72	*	365 / 4
	=	630.46

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.

Hengxin Shambala Culture Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	454.0685	/	76.289
	=	5.95

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.

Hengxin Shambala Culture Co Inventory Turnover Related Terms

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Hengxin Shambala Culture Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hengxin Shambala Culture Co Ltd (SZSE:300081) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No.39, Tianshan Street, Development Zone, Hebei Province, Shijiazhuang, CHN, 050035

Website

http://www.hxgro.com

Hengxin Shambala Culture Co Ltd sells and services mobile information products for individual and industry customers in China. It offers mobile information products, such as customized terminal products; engages in the contract sales of mobile phone products; operates as an agent to carrier mobile video projects; and provides mobile e-commerce and technical support services.

Executives

Pan Chao	Directors, executives
Chen Wei	Executives
Wang Bing	Director
Fu Wei	Executives
Li Xiao Bo	Executives
Meng Xian Min	Directors, executives
Wen Jian Feng	Executives
Pei Jun	Directors, executives
Zhou Xiao Qi	Supervisors
Liu Xiao Jun	Supervisors
Xu Ze Min	Director
Dong Fang	Executives
You Wen Qin	Supervisors
Chen Liang	Executives
Qi Jian	Director

Hengxin Shambala Culture Co Headlines

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