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Wuxi Hodgen Technology Co (SZSE:300279) Inventory Turnover : 0.91 (As of Mar. 2024)


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What is Wuxi Hodgen Technology 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. Wuxi Hodgen Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥441 Mil. Wuxi Hodgen Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥483 Mil. Wuxi Hodgen Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wuxi Hodgen Technology Co's Days Inventory for the three months ended in Mar. 2024 was 100.14.

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. Wuxi Hodgen Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.91.


Wuxi Hodgen Technology Co Inventory Turnover Historical Data

The historical data trend for Wuxi Hodgen Technology 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.

* Premium members only.

Wuxi Hodgen Technology Co Inventory Turnover Chart

Wuxi Hodgen Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.23 3.47 3.43 3.04 3.30

Wuxi Hodgen Technology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.65 0.84 0.88 0.88 0.91

Wuxi Hodgen Technology Co Inventory Turnover Calculation

Wuxi Hodgen Technology 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 )
=1684.694 / ((507.048 + 512.826) / 2 )
=1684.694 / 509.937
=3.30

Wuxi Hodgen Technology 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 )
=440.512 / ((512.826 + 454.057) / 2 )
=440.512 / 483.4415
=0.91

* 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.


Wuxi Hodgen Technology Co  (SZSE:300279) 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.

Wuxi Hodgen Technology 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
=483.4415/440.512*365 / 4
=100.14

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.

Wuxi Hodgen Technology 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 )
=483.4415 / 530.444
=0.91

* 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.


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.


Wuxi Hodgen Technology Co Inventory Turnover Related Terms

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Wuxi Hodgen Technology Co (SZSE:300279) Business Description

Traded in Other Exchanges
N/A
Address
No. 177, Changjiang East Road, Wuxi New District, Jiangsu Province, Wuxi, CHN, 214145
Wuxi Hodgen Technology Co Ltd is an electrical machinery and equipment manufacturing company. It is organized into four business segments: the Hejingzhi Manufacturing segment is engaged in the research, development, manufacture and sale of white goods and intelligent hardware. The System Integration segment provides information services for various enterprises and institutions in the government, education and other industries. The Interactive Data segment serves the broadcasting and television system, the main source of income is access network equipment and intelligent terminals. The Internet Education segment provides a cloud platform for preschool education.
Executives
Gu Qun Directors, executives
Xu Hong Bin Directors, executives
Wang Jin Executives
Chen Bai Lin Director
Zhou Wei Li Supervisors
Wang Da Peng Executives
Qiu Xiao Bin Directors, executives
Ying Yan Ping Supervisors
Zhang Chen Yang Director

Wuxi Hodgen Technology Co (SZSE:300279) Headlines

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