Shenzhen H&T Intelligent Control Co (SZSE:002402) Inventory Turnover : 0.74 (As of Mar. 2024)

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What is Shenzhen H&T Intelligent Control 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 H&T Intelligent Control Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,648 Mil. Shenzhen H&T Intelligent Control Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥2,227 Mil. Shenzhen H&T Intelligent Control Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen H&T Intelligent Control Co's Days Inventory for the three months ended in Mar. 2024 was 123.30.

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 H&T Intelligent Control Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.12.

Shenzhen H&T Intelligent Control Co Inventory Turnover Historical Data

The historical data trend for Shenzhen H&T Intelligent Control 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 H&T Intelligent Control Co Inventory Turnover Chart

Shenzhen H&T Intelligent Control Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.60

4.21

3.66

2.63

2.87

Shenzhen H&T Intelligent Control 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															0.67	0.80	0.79	0.79	0.74

Shenzhen H&T Intelligent Control Co Inventory Turnover Calculation

Shenzhen H&T Intelligent Control 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 )
=	6037.14	/ (	(2088.896	+	2119.18)	/	2 )
=	6037.14	/	2104.038
=	2.87

Shenzhen H&T Intelligent Control 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 )
=	1648.087	/ (	(2119.18	+	2334.781)	/	2 )
=	1648.087	/	2226.9805
=	0.74

Shenzhen H&T Intelligent Control Co (SZSE:002402) 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 H&T Intelligent Control 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
	=	2226.9805	/	1648.087	*	365 / 4
	=	123.30

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 H&T Intelligent Control 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 )
	=	2226.9805	/	1981.896
	=	1.12

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 H&T Intelligent Control Co Inventory Turnover Related Terms

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Shenzhen H&T Intelligent Control Co (SZSE:002402) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen H&T Intelligent Control Co Ltd (SZSE:002402) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Shenzhen Science and Technology 10 South Road, Tech Park, Aerospace Technology Inst Building No.6, Shenzhen, CHN, 518057

Website

http://www.szhittech.com

Shenzhen H&T Intelligent Control Co Ltd is a China-based company. It is principally engaged in the research and development, production and distribution of intelligent controllers. It offers healthcare products, such as health pots, drinking cups, foot spa tubs, and desktop air purifiers; bedroom products comprising anti-snore pillows, LED bulbs, aroma diffusers, air humidifiers, and sleep recorders; and beauty products consisting of handheld facial sprayers, ultrasonic facial massagers and scrubber cleaners, skin rejuvenation.

Executives

Liu Ming	Director
Wang Xian Fang	Director
Luo Shan Shan	Directors, Directors, and Executives
Qin Hong Wu	Directors, executives
He Zhen	Director
Zhao Xiao Ting	Securities Affairs Representative
Wang Hu Shan	Supervisors
Liu Jian Wei	Directors, executives
Wang Peng	Directors, executives

Shenzhen H&T Intelligent Control Co (SZSE:002402) Headlines

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