Jiangxi Huawu Brake Co (SZSE:300095) Inventory Turnover : 0.34 (As of Jun. 2024)

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What is Jiangxi Huawu Brake 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. Jiangxi Huawu Brake Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥231 Mil. Jiangxi Huawu Brake Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥680 Mil. Jiangxi Huawu Brake Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jiangxi Huawu Brake Co's Days Inventory for the three months ended in Jun. 2024 was 268.11.

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. Jiangxi Huawu Brake Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 2.15.

Jiangxi Huawu Brake Co Inventory Turnover Historical Data

The historical data trend for Jiangxi Huawu Brake 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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Jiangxi Huawu Brake Co Inventory Turnover Chart

Jiangxi Huawu Brake Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.62

1.66

1.55

1.58

1.48

Jiangxi Huawu Brake 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															0.35	0.32	0.44	0.25	0.34

Jiangxi Huawu Brake Co Inventory Turnover Calculation

Jiangxi Huawu Brake 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 )
=	962.66	/ (	(651.301	+	645.373)	/	2 )
=	962.66	/	648.337
=	1.48

Jiangxi Huawu Brake 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 )
=	231.289	/ (	(684.547	+	674.595)	/	2 )
=	231.289	/	679.571
=	0.34

Jiangxi Huawu Brake Co (SZSE:300095) 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.

Jiangxi Huawu Brake 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
	=	679.571	/	231.289	*	365 / 4
	=	268.11

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.

Jiangxi Huawu Brake 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 )
	=	679.571	/	315.493
	=	2.15

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.

Jiangxi Huawu Brake Co Inventory Turnover Related Terms

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Jiangxi Huawu Brake Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jiangxi Huawu Brake Co Ltd (SZSE:300095) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

City Industrial Park in Jiangxi Feng Xin Mei Road 7, Fengcheng, CHN, 331100

Website

http://www.hua-wu.com

Jiangxi Huawu Brake Co Ltd is engaged in the research, development, design, manufacture, and sales of industrial brakes and control systems. The products of the company include poet brake, metallurgical brake, wind turbine brake, rail traffic brake, and spare parts.

Executives

Nie Jing Hua	Director
Ceng Zhi Yong	Directors, executives
Nie Lu Lu	Executives, directors
Xie Xu Zhou	Executives
Chen Feng Ju	Directors, Directors, and Executives
Lai Chen	Executives
Zhang Jing	Executives
Cai Kui	Executives
Cao Ming Sheng	Directors, executives
Feng Hua	Independent director
Xuan Jian Min	Supervisors

Jiangxi Huawu Brake Co Headlines

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