Hand Enterprise Solutions Co (SZSE:300170) Inventory Turnover : 1.62 (As of Mar. 2024)

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What is Hand Enterprise Solutions 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. Hand Enterprise Solutions Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥510 Mil. Hand Enterprise Solutions Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥315 Mil. Hand Enterprise Solutions Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hand Enterprise Solutions Co's Days Inventory for the three months ended in Mar. 2024 was 56.43.

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. Hand Enterprise Solutions Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.43.

Hand Enterprise Solutions Co Inventory Turnover Historical Data

The historical data trend for Hand Enterprise Solutions 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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Hand Enterprise Solutions Co Inventory Turnover Chart

Hand Enterprise Solutions Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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19.18

7.17

7.51

7.81

7.98

Hand Enterprise Solutions 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															2.14	2.27	2.25	2.21	1.62

Hand Enterprise Solutions Co Inventory Turnover Calculation

Hand Enterprise Solutions 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 )
=	2181.258	/ (	(249.779	+	297.209)	/	2 )
=	2181.258	/	273.494
=	7.98

Hand Enterprise Solutions 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 )
=	509.884	/ (	(297.209	+	333.478)	/	2 )
=	509.884	/	315.3435
=	1.62

Hand Enterprise Solutions Co (SZSE:300170) 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.

Hand Enterprise Solutions 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
	=	315.3435	/	509.884	*	365 / 4
	=	56.43

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.

Hand Enterprise Solutions 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 )
	=	315.3435	/	732.248
	=	0.43

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.

Hand Enterprise Solutions Co Inventory Turnover Related Terms

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Hand Enterprise Solutions Co (SZSE:300170) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hand Enterprise Solutions Co Ltd (SZSE:300170) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Room 1339 Central Plaza, No 381Central Huaihai Road, Shanghai, CHN, 200020

Website

http://www.hand-china.com

Hand Enterprise Solutions Co Ltd is a China-based ERP consulting implementation company. Its business operations include enterprise information application product development, consulting implementation and technical services. Its product and service offering comprises charge control system, supply chain financial services cloud platform, master data management, enterprise mobile platform, and other technical products.

Executives

Chen Di Qing	Director
Huang Qing	Supervisors
Lu Ya	Securities Affairs Representative
Shu Xiao	Securities Affairs Representative
Fan Jian Zhen	Director
Wang Xin Yi	Executives
Zhang Wei Feng	Directors, executives

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