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Harden Technologies (Harden Technologies) Inventory Turnover : 1.25 (As of Jun. 2023)


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What is Harden Technologies 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. Harden Technologies's Cost of Goods Sold for the six months ended in Jun. 2023 was $9.20 Mil. Harden Technologies's Average Total Inventories for the quarter that ended in Jun. 2023 was $7.39 Mil. Harden Technologies's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Harden Technologies's Days Inventory for the six months ended in Jun. 2023 was 146.48.

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. Harden Technologies's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.55.

Harden Technologies Inventory Turnover Historical Data

The historical data trend for Harden Technologies'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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Harden Technologies Inventory Turnover Chart

Harden Technologies Annual Data
Trend Dec20 Dec21 Dec22
Inventory Turnover
1.56 2.44 2.70

Harden Technologies Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Inventory Turnover Get a 7-Day Free Trial 0.83 1.65 1.05 1.29 1.25

Harden Technologies Inventory Turnover Calculation

Harden Technologies's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=21.839 / ((8.56 + 7.602) / 2 )
=21.839 / 8.081
=2.70

Harden Technologies's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover (Q: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2023 ) / ((Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Jun. 2023 )) / count )
=9.203 / ((7.602 + 7.171) / 2 )
=9.203 / 7.3865
=1.25

* 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.

Harden Technologies  (BATS:HAHA) 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.

Harden Technologies's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2023 )/Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=7.3865/9.203*365 / 2
=146.48

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.

Harden Technologies's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=7.3865 / 13.503
=0.55

* 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.

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.

Harden Technologies Inventory Turnover Related Terms

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Harden Technologies (Harden Technologies) Business Description

Industry
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Traded in Other Exchanges
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Address
No. 6 Jingye Road, Building 8, Torch Development Zone, Zhongshan, CHN, 528400
Website
https://www.siruide.com
Harden Technologies Inc is a waste management equipment and recycling equipment manufacturer in China, specializing in the manufacture of customized industrial shredders and material sorting machines and production lines.

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