Jiangsu Huaxin New Material Co (SZSE:300717) Inventory Turnover : 1.07 (As of Mar. 2024)

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What is Jiangsu Huaxin New Material 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. Jiangsu Huaxin New Material Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥53.2 Mil. Jiangsu Huaxin New Material Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥49.6 Mil. Jiangsu Huaxin New Material Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jiangsu Huaxin New Material Co's Days Inventory for the three months ended in Mar. 2024 was 85.09.

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. Jiangsu Huaxin New Material Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.63.

Jiangsu Huaxin New Material Co Inventory Turnover Historical Data

The historical data trend for Jiangsu Huaxin New Material 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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Jiangsu Huaxin New Material Co Inventory Turnover Chart

Jiangsu Huaxin New Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.16

4.50

6.59

5.37

4.46

Jiangsu Huaxin New Material 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															0.85	0.88	1.28	1.44	1.07

Jiangsu Huaxin New Material Co Inventory Turnover Calculation

Jiangsu Huaxin New Material 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 )
=	239.059	/ (	(62.881	+	44.423)	/	2 )
=	239.059	/	53.652
=	4.46

Jiangsu Huaxin New Material 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 )
=	53.175	/ (	(44.423	+	54.746)	/	2 )
=	53.175	/	49.5845
=	1.07

Jiangsu Huaxin New Material Co (SZSE:300717) 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.

Jiangsu Huaxin New Material 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
	=	49.5845	/	53.175	*	365 / 4
	=	85.09

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.

Jiangsu Huaxin New Material 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 )
	=	49.5845	/	79.216
	=	0.63

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.

Jiangsu Huaxin New Material Co Inventory Turnover Related Terms

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Jiangsu Huaxin New Material Co (SZSE:300717) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Huaxin New Material Co Ltd (SZSE:300717) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 189, Daqiao East Road, Xinyi, Taipei, CHN, 221416

Website

http://www.huaxinchina.cc

Jiangsu Huaxin New Material Co Ltd manufactures plastic products. The Company designs, produces, and markets smart card substrate and functional plastic films. Its products include PETG, PVC, PVC/ABS blend, bio-degradable PHA, and medical films; coated overlays; digital printing materials; and PET and PC card materials, as well as coated PVC for etching antennas. The company offers its products for use in various industries, including finance, transport, medical treatment, electronic information, social security, decoration, packaging.

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