Harbinyyas Windows Co (SZSE:301227) Inventory Turnover : 0.77 (As of Mar. 2024)

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What is Harbinyyas Windows 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. Harbinyyas Windows Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥74.4 Mil. Harbinyyas Windows Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥97.0 Mil. Harbinyyas Windows Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Harbinyyas Windows Co's Days Inventory for the three months ended in Mar. 2024 was 119.07.

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. Harbinyyas Windows Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.10.

Harbinyyas Windows Co Inventory Turnover Historical Data

The historical data trend for Harbinyyas Windows 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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Harbinyyas Windows Co Inventory Turnover Chart

Harbinyyas Windows Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.96

3.29

4.65

4.13

5.08

Harbinyyas Windows Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.43	1.19	1.80	1.67	0.77

Harbinyyas Windows Co Inventory Turnover Calculation

Harbinyyas Windows 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 )
=	599.629	/ (	(142.588	+	93.56)	/	2 )
=	599.629	/	118.074
=	5.08

Harbinyyas Windows 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 )
=	74.361	/ (	(93.56	+	100.51)	/	2 )
=	74.361	/	97.035
=	0.77

Harbinyyas Windows Co (SZSE:301227) 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.

Harbinyyas Windows 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
	=	97.035	/	74.361	*	365 / 4
	=	119.07

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.

Harbinyyas Windows 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 )
	=	97.035	/	88.57
	=	1.10

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.

Harbinyyas Windows Co Inventory Turnover Related Terms

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Harbinyyas Windows Co (SZSE:301227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Harbin Sayyas Windows Co Ltd (SZSE:301227) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, Xinnong Road, Wanggang Town, Nangang District, Heilongjiang Province, Harbin, CHN, 150088

Website

https://www.sayyas.com

Harbin Sayyas Windows Co Ltd is engaged in the research and development, design, production and sales of customized energy-saving aluminum-clad wooden windows.

Executives

Liu Chu Jie

Directors, executives

Harbinyyas Windows Co (SZSE:301227) Headlines

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