Hubei Century Network Technology (SZSE:300494) Inventory Turnover : 279.89 (As of Sep. 2024)

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What is Hubei Century Network Technology 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. Hubei Century Network Technology's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥276 Mil. Hubei Century Network Technology's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥1 Mil. Hubei Century Network Technology's Inventory Turnover for the quarter that ended in Sep. 2024 was 279.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hubei Century Network Technology's Days Inventory for the three months ended in Sep. 2024 was 0.33.

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. Hubei Century Network Technology's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.00.

Hubei Century Network Technology Inventory Turnover Historical Data

The historical data trend for Hubei Century Network Technology'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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Hubei Century Network Technology Inventory Turnover Chart

Hubei Century Network Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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844.95

4,727.04

12,616.53

4,746.61

1,703.04

Hubei Century Network Technology Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1,110.02	359.83	246.28	292.76	279.89

Hubei Century Network Technology Inventory Turnover Calculation

Hubei Century Network Technology'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 )
=	964.771	/ (	(0.254	+	0.879)	/	2 )
=	964.771	/	0.5665
=	1,703.04

Hubei Century Network Technology's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	275.547	/ (	(0.856	+	1.113)	/	2 )
=	275.547	/	0.9845
=	279.89

Hubei Century Network Technology (SZSE:300494) 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.

Hubei Century Network Technology's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	0.9845	/	275.547	*	365 / 4
	=	0.33

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.

Hubei Century Network Technology's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	0.9845	/	312.849
	=	0.00

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.

Hubei Century Network Technology Inventory Turnover Related Terms

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Hubei Century Network Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Hubei Century Network Technology Inc (SZSE:300494) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 77 Guanggu Avenue, 9-11 Floor, Building B7, Financial Port, Donghu New Technology Development Zone, Hubei, Wuhan, CHN, 430070

Website

http://www.stnts.com

Hubei Century Network Technology Inc provides internet content and service aggregation platforms. Its products and services are network entertainment platforms, mobile internet, internet value-added products, and advertising business. It provides services to Internet cafes, the education sector, hotels, and other public Internet service sites.

Executives

Wang Jun Fang	Directors, executives
Cui Jian Ping	Director
Feng Wei	Directors, executives
Kuang Yao Hua	Directors, executives
Fu Shu Yong	Directors, executives
Chen Ai Bin	Directors, executives

Hubei Century Network Technology Headlines

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