Guangdong Hongming Intelligent Joint Stock Co (SZSE:301105) Inventory Turnover : 0.22 (As of Sep. 2024)

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What is Guangdong Hongming Intelligent Joint Stock 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. Guangdong Hongming Intelligent Joint Stock Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥32.3 Mil. Guangdong Hongming Intelligent Joint Stock Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥147.1 Mil. Guangdong Hongming Intelligent Joint Stock Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangdong Hongming Intelligent Joint Stock Co's Days Inventory for the three months ended in Sep. 2024 was 416.08.

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. Guangdong Hongming Intelligent Joint Stock Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 2.95.

Guangdong Hongming Intelligent Joint Stock Co Inventory Turnover Historical Data

The historical data trend for Guangdong Hongming Intelligent Joint Stock 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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Guangdong Hongming Intelligent Joint Stock Co Inventory Turnover Chart

Guangdong Hongming Intelligent Joint Stock Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.32

1.52

1.46

0.97

0.87

Guangdong Hongming Intelligent Joint Stock Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial														0.21	0.18	0.21	0.29	0.22

Guangdong Hongming Intelligent Joint Stock Co Inventory Turnover Calculation

Guangdong Hongming Intelligent Joint Stock 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 )
=	126.303	/ (	(144.893	+	144.868)	/	2 )
=	126.303	/	144.8805
=	0.87

Guangdong Hongming Intelligent Joint Stock Co'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 )
=	32.266	/ (	(143.348	+	150.907)	/	2 )
=	32.266	/	147.1275
=	0.22

Guangdong Hongming Intelligent Joint Stock Co (SZSE:301105) 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.

Guangdong Hongming Intelligent Joint Stock Co'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
	=	147.1275	/	32.266	*	365 / 4
	=	416.08

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.

Guangdong Hongming Intelligent Joint Stock Co'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 )
	=	147.1275	/	49.878
	=	2.95

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.

Guangdong Hongming Intelligent Joint Stock Co Inventory Turnover Related Terms

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Guangdong Hongming Intelligent Joint Stock Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong Hongming Intelligent Joint Stock Co Ltd (SZSE:301105) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

New Industrial Zone, Niushan Cutou, Dongcheng District, Guangdong Province, Dongguan, CHN, 523128

Website

http://www.dghongming.com

Guangdong Hongming Intelligent Joint Stock Co Ltd is an enterprise specializing in providing high-quality box packaging, intelligent equipment for paper and plastic equipment, and complete line automation solutions.

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