Hebei Huijin Group Co (SZSE:300368) Inventory Turnover : 0.30 (As of Mar. 2024)

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What is Hebei Huijin Group 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. Hebei Huijin Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥44.1 Mil. Hebei Huijin Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥147.1 Mil. Hebei Huijin Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hebei Huijin Group Co's Days Inventory for the three months ended in Mar. 2024 was 304.69.

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. Hebei Huijin Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.11.

Hebei Huijin Group Co Inventory Turnover Historical Data

The historical data trend for Hebei Huijin Group 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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Hebei Huijin Group Co Inventory Turnover Chart

Hebei Huijin Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.71

3.43

3.70

2.09

1.60

Hebei Huijin Group 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															0.31	0.39	0.47	0.11	0.30

Hebei Huijin Group Co Inventory Turnover Calculation

Hebei Huijin Group 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 )
=	239.616	/ (	(154.811	+	144.139)	/	2 )
=	239.616	/	149.475
=	1.60

Hebei Huijin Group 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 )
=	44.068	/ (	(144.139	+	150.155)	/	2 )
=	44.068	/	147.147
=	0.30

Hebei Huijin Group Co (SZSE:300368) 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.

Hebei Huijin Group 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
	=	147.147	/	44.068	*	365 / 4
	=	304.69

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.

Hebei Huijin Group 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 )
	=	147.147	/	69.894
	=	2.11

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.

Hebei Huijin Group Co Inventory Turnover Related Terms

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Hebei Huijin Group Co (SZSE:300368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hebei Huijin Group Co Ltd (SZSE:300368) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 209 Xiangjiang Road, National Hi-Tech Industry Development Zone, Hebei Province, Shijiazhuang, CHN, 050035

Website

http://www.hjjs.com

Hebei Huijin Group Co Ltd formerly Hebei Huijin Electromechanical Co Ltd is a Chinese high-tech enterprise engaged in the research and development, production, sales, and service of financial equipment. The company offers Binding series products, Bundling series products, and Self-service products. Binding series products comprises ZD series high-intelligent binding machine and HJ series automatic binding machine. Bundling series products includes automatic banknote binding machine, which extends to the banknote plastic packaging, the banknote clearing line, and the robot banknote finishing center. The Self-service products cover printing machine, bill machine, and self-service system integration products.

Executives

Wang Dong Kai	Director
Sun Jing Tao	Director
Wang Bing	Executives
Peng Jian Wen	Director
Wang Ming Gao	Director
Wu Hong	Supervisors
Zhao Hai Jin	Secretary, Director
Zhang Yun Xia	Executives
Gao Ji Jun	Director
Liu Li Xin	Executives
Lin Jin Biao	Director
Ren Jun Yan	Supervisors
Bao Xi Bo	Directors, executives
Liu Feng	Director
Wang Ming Wen	Supervisors

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