Haitian International Holdings (HKSE:01882) Inventory Turnover : 1.29 (As of Dec. 2023)

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What is Haitian International Holdings 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. Haitian International Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$4,956 Mil. Haitian International Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$3,844 Mil. Haitian International Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Haitian International Holdings's Days Inventory for the six months ended in Dec. 2023 was 141.53.

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. Haitian International Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.53.

Haitian International Holdings Inventory Turnover Historical Data

The historical data trend for Haitian International Holdings'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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Haitian International Holdings Inventory Turnover Chart

Haitian International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.61

3.01

3.72

2.60

2.63

Haitian International Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.66	1.45	1.21	1.29	1.29

Haitian International Holdings Inventory Turnover Calculation

Haitian International Holdings'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 )
=	9700.762	/ (	(3518.274	+	3870.897)	/	2 )
=	9700.762	/	3694.5855
=	2.63

Haitian International Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	4956.254	/ (	(3816.311	+	3870.897)	/	2 )
=	4956.254	/	3843.604
=	1.29

Haitian International Holdings (HKSE:01882) 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.

Haitian International Holdings's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	3843.604	/	4956.254	*	365 / 2
	=	141.53

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.

Haitian International Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	3843.604	/	7316.374
	=	0.53

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.

Haitian International Holdings Inventory Turnover Related Terms

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Haitian International Holdings (HKSE:01882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Haitian International Holdings Ltd (HKSE:01882) » Definitions » Inventory Turnover

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Traded in Other Exchanges

HI6:Germany

Address

No.1688 Haitian Road, Beilun District, Zhejiang Province, Ningbo, CHN, 315800

Website

https://www.haitianinter.com

Haitian International Holdings Ltd is an investment holding company principally engaged in the manufacture and distribution of plastic injection moulding machines and related products. The main products are hydraulic and electric plastic injection moulding machines. The group operates in Mainland China, Hong Kong, and overseas countries. The company generates a majority of its revenue from Mainland China through sales of plastic injection moulding machines and related products.

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