Shenzhen Honor Electronic Co (SZSE:300870) Inventory Turnover : 1.41 (As of Mar. 2024)

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What is Shenzhen Honor Electronic 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. Shenzhen Honor Electronic Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥558 Mil. Shenzhen Honor Electronic Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥396 Mil. Shenzhen Honor Electronic Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Honor Electronic Co's Days Inventory for the three months ended in Mar. 2024 was 64.82.

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. Shenzhen Honor Electronic Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.57.

Shenzhen Honor Electronic Co Inventory Turnover Historical Data

The historical data trend for Shenzhen Honor Electronic 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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Shenzhen Honor Electronic Co Inventory Turnover Chart

Shenzhen Honor Electronic Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.74

7.53

5.54

4.85

6.23

Shenzhen Honor Electronic 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															0.94	1.39	1.41	1.61	1.41

Shenzhen Honor Electronic Co Inventory Turnover Calculation

Shenzhen Honor Electronic 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 )
=	2304.137	/ (	(402.69	+	336.462)	/	2 )
=	2304.137	/	369.576
=	6.23

Shenzhen Honor Electronic 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 )
=	557.529	/ (	(336.462	+	455.568)	/	2 )
=	557.529	/	396.015
=	1.41

Shenzhen Honor Electronic Co (SZSE:300870) 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.

Shenzhen Honor Electronic 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
	=	396.015	/	557.529	*	365 / 4
	=	64.82

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.

Shenzhen Honor Electronic 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 )
	=	396.015	/	695.862
	=	0.57

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.

Shenzhen Honor Electronic Co Inventory Turnover Related Terms

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Shenzhen Honor Electronic Co (SZSE:300870) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Honor Electronic Co Ltd (SZSE:300870) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

ushu 2nd Road, Xixiang Street, Building 1, 2, and 3 of Xinghui Industrial Plant Area, Buildings A, B and C of Xinghui Science Park, Baoan District, Guangdong Province, Shenzhen, CHN, 518000

Website

http://www.honor-cn.com

Shenzhen Honor Electronic Co Ltd is engaged in production and sales of switching power supply products. The company supplies switching power adapter and IPC and provides Quick charge, type-C charger, PD Power Supply and intelligent home devices. Its product categories include Structure; PD Power; Power; Safety Segulation; Lightning Stroke; and Standard.

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