Dongfeng Motor Group Co (HKSE:00489) Inventory Turnover : 3.58 (As of Dec. 2023)

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What is Dongfeng Motor Group 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. Dongfeng Motor Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$53,768 Mil. Dongfeng Motor Group Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$15,023 Mil. Dongfeng Motor Group Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dongfeng Motor Group Co's Days Inventory for the six months ended in Dec. 2023 was 50.99.

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. Dongfeng Motor Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.26.

Dongfeng Motor Group Co Inventory Turnover Historical Data

The historical data trend for Dongfeng Motor Group 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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Dongfeng Motor Group Co Inventory Turnover Chart

Dongfeng Motor Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.58

7.63

8.23

6.48

6.50

Dongfeng Motor Group Co 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															3.60	3.11	3.33	3.05	3.58

Dongfeng Motor Group Co Inventory Turnover Calculation

Dongfeng Motor Group 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 )
=	98274.939	/ (	(14664.698	+	15568.849)	/	2 )
=	98274.939	/	15116.7735
=	6.50

Dongfeng Motor Group Co'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 )
=	53767.983	/ (	(14476.186	+	15568.849)	/	2 )
=	53767.983	/	15022.5175
=	3.58

Dongfeng Motor Group Co (HKSE:00489) 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.

Dongfeng Motor Group Co'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
	=	15022.5175	/	53767.983	*	365 / 2
	=	50.99

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.

Dongfeng Motor Group Co'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 )
	=	15022.5175	/	58668.112
	=	0.26

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.

Dongfeng Motor Group Co Inventory Turnover Related Terms

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Dongfeng Motor Group Co (HKSE:00489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Dongfeng Motor Group Co Ltd (HKSE:00489) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

DNFGY:USA DNFGF:USA D4D:Germany

Address

Special No. 1 Dongfeng Road, Wuhan Economic and Technology Development Zone, Hubei, Wuhan, CHN, 430056

Website

https://www.dfmg.com.cn

Dongfeng Motor Group Co Ltd is engaged in vehicle manufacturing, covering other complete business systems relating to automobiles such as R&D of automobiles, parts and equipment manufacturing, automobile finance, automobile sales, and travel business. The company's segments include commercial vehicles, passenger vehicles, financing services, and corporate and others. The majority of its revenue is generated from the Passenger vehicles segment.

Executives

Reynolds Margaret (meg)	2201 Interest of corporation controlled by you
Ward Bryan	2201 Interest of corporation controlled by you
Westwood Global Investments, Llc	2102 Investment manager
Blackrock, Inc.	2201 Interest of corporation controlled by you
Dongfeng Motor Corporation	2101 Beneficial owner
Citigroup Inc.	2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Brown Brothers Harriman & Co.	2502 Approved lending agent
Fil Limited	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Invesco Asset Management Limited	2102 Investment manager
The Bank Of New York Mellon Corporation	2201 Interest of corporation controlled by you

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