Henan Tong-Da Cable Co (SZSE:002560) Inventory Turnover : 1.62 (As of Mar. 2024)

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What is Henan Tong-Da Cable 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. Henan Tong-Da Cable Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥965 Mil. Henan Tong-Da Cable Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥596 Mil. Henan Tong-Da Cable Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Henan Tong-Da Cable Co's Days Inventory for the three months ended in Mar. 2024 was 56.39.

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. Henan Tong-Da Cable Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.56.

Henan Tong-Da Cable Co Inventory Turnover Historical Data

The historical data trend for Henan Tong-Da Cable 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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Henan Tong-Da Cable Co Inventory Turnover Chart

Henan Tong-Da Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.43

5.46

6.05

9.88

8.99

Henan Tong-Da Cable 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															1.78	2.38	2.15	2.68	1.62

Henan Tong-Da Cable Co Inventory Turnover Calculation

Henan Tong-Da Cable 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 )
=	5060.239	/ (	(637.325	+	487.96)	/	2 )
=	5060.239	/	562.6425
=	8.99

Henan Tong-Da Cable 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 )
=	965.173	/ (	(487.96	+	704.908)	/	2 )
=	965.173	/	596.434
=	1.62

Henan Tong-Da Cable Co (SZSE:002560) 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.

Henan Tong-Da Cable 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
	=	596.434	/	965.173	*	365 / 4
	=	56.39

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.

Henan Tong-Da Cable 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 )
	=	596.434	/	1057.477
	=	0.56

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.

Henan Tong-Da Cable Co Inventory Turnover Related Terms

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Henan Tong-Da Cable Co (SZSE:002560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Henan Tong-Da Cable Co Ltd (SZSE:002560) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Shijiawan Industrial Zone, Henan, Yanshi, CHN, 471922

Website

http://www.hntddl.com

Henan Tong-Da Cable Co Ltd is engaged in the research, development, and production of wires and cables. The products of the company include home improvement green wire, overhead bare wire, overhead insulated wire, and control cable.

Executives

Liu Zhi Jian	Secretary Dong
Yan Wen Ge	Executives
Qu Hong Pu	Directors, executives
Shi Wan Fu	Director
Li Gao Jie	Securities Affairs Representative
Cai Xiao Xian	Supervisors
Zhang Zhi Zhong	Directors, Directors, and Executives
Ma Yan Hong	Supervisors
Shao Xue Liang	Directors, executives

Henan Tong-Da Cable Co (SZSE:002560) Headlines

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