HengFeng Information Technology Co (SZSE:300605) Inventory Turnover : 0.51 (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is HengFeng Information 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. HengFeng Information Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥43.7 Mil. HengFeng Information Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥85.7 Mil. HengFeng Information Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HengFeng Information Technology Co's Days Inventory for the three months ended in Mar. 2024 was 178.85.

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. HengFeng Information Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.30.

HengFeng Information Technology Co Inventory Turnover Historical Data

The historical data trend for HengFeng Information 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.

HengFeng Information Technology Co Inventory Turnover Chart

HengFeng Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

0.94

0.87

1.53

2.25

3.66

HengFeng Information 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															0.66	0.89	1.20	0.63	0.51

HengFeng Information Technology Co Inventory Turnover Calculation

HengFeng Information 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 )
=	359.433	/ (	(109.296	+	87.301)	/	2 )
=	359.433	/	98.2985
=	3.66

HengFeng Information 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 )
=	43.743	/ (	(87.301	+	84.176)	/	2 )
=	43.743	/	85.7385
=	0.51

HengFeng Information Technology Co (SZSE:300605) 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.

HengFeng Information 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
	=	85.7385	/	43.743	*	365 / 4
	=	178.85

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.

HengFeng Information 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 )
	=	85.7385	/	65.749
	=	1.30

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.

HengFeng Information Technology Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of HengFeng Information Technology Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

HengFeng Information Technology Co (SZSE:300605) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » HengFeng Information Technology Co Ltd (SZSE:300605) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Science and Technology Road East, Building 5, Haixi Innovation Park, Fuzhou, CHN, 350117

Website

http://www.i-hengfeng.com

HengFeng Information Technology Co Ltd is a smart city, data center, and computer information system. It provides planning, design, software and innovation development, system integration, and management to customers in areas like livelihood, public safety, and urban services. The company operates in China region.

Executives

Chen Chao Xue	Directors, executives
Ou Lin Jie	Directors, executives
Wei Xiao Xi	Director
Lin Wen Juan	Supervisors
Luo Wen Wen	Director
Yang Zhi Gang	Directors, executives
Zheng Ming	Supervisors
Zhao Yin Bao	Executives
Lin Jian	Director
Chen Fang	Directors, Directors, and Executives

HengFeng Information Technology Co (SZSE:300605) Headlines

No Headlines