Huagong Tech Co (SZSE:000988) Inventory Turnover : 0.82 (As of Mar. 2024)

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What is Huagong Tech 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. Huagong Tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,631 Mil. Huagong Tech Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,990 Mil. Huagong Tech Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Huagong Tech Co's Days Inventory for the three months ended in Mar. 2024 was 111.32.

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. Huagong Tech Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.92.

Huagong Tech Co Inventory Turnover Historical Data

The historical data trend for Huagong Tech 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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Huagong Tech Co Inventory Turnover Chart

Huagong Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.20

3.16

4.51

4.39

3.68

Huagong Tech 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															0.92	0.79	0.70	1.14	0.82

Huagong Tech Co Inventory Turnover Calculation

Huagong Tech 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 )
=	7848.727	/ (	(2378.114	+	1889.072)	/	2 )
=	7848.727	/	2133.593
=	3.68

Huagong Tech 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 )
=	1631.312	/ (	(1889.072	+	2091.215)	/	2 )
=	1631.312	/	1990.1435
=	0.82

Huagong Tech Co (SZSE:000988) 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.

Huagong Tech 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
	=	1990.1435	/	1631.312	*	365 / 4
	=	111.32

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.

Huagong Tech 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 )
	=	1990.1435	/	2170.165
	=	0.92

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.

Huagong Tech Co Inventory Turnover Related Terms

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Huagong Tech Co (SZSE:000988) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Huagong Tech Co Ltd (SZSE:000988) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Huazhong University of Science and Technology University, Huagong Technology Headquarters Building, Wuhan East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN, 430223

Website

http://www.hgtech.com.cn

Huagong Tech Co Ltd is a China-based company principally engaged in the business of laser equipment manufacturing, optical communications and laser holographic anti-counterfeiting of sensitive products and components. The company's products are widely used in machinery manufacturing, aerospace, automobile industry, and iron and steel metallurgy and other industries. In addition, the company also offers solutions such as energy industry laser processing solutions, aerospace applications solutions, 3C industry laser processing solutions, automotive industry application solutions, certification industry anti-counterfeiting solutions, intelligent manufacturing service platform and cloud computing centre.

Executives

Xiong Wen	Directors, executives
Zhang Qin	Executives
Liu Han Shu	Directors, Directors, and Executives
Ma Xin Qiang	Directors, executives
Chen Sen Hua	Supervisors
An Xin	Securities Affairs Representative
Min Da Yong	Directors, executives
Nie Bo	Executives
Yang Xiao	Executives
Yang Xing Guo	Executives
Deng Jia Ke	Executives
Cai Xue En	Independent director
Zhu Song Qing	Director
Lv Wei Ping	Independent director
Wang Xiao Bei	Supervisors

Huagong Tech Co (SZSE:000988) Headlines

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