Tongyu Heavy Industry Co (SZSE:300185) Inventory Turnover : 0.38 (As of Mar. 2024)

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What is Tongyu Heavy Industry 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. Tongyu Heavy Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,235 Mil. Tongyu Heavy Industry Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥3,261 Mil. Tongyu Heavy Industry Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tongyu Heavy Industry Co's Days Inventory for the three months ended in Mar. 2024 was 240.90.

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. Tongyu Heavy Industry Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.33.

Tongyu Heavy Industry Co Inventory Turnover Historical Data

The historical data trend for Tongyu Heavy Industry 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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Tongyu Heavy Industry Co Inventory Turnover Chart

Tongyu Heavy Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.37

1.87

1.99

1.79

1.48

Tongyu Heavy Industry 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															0.36	0.33	0.36	0.37	0.38

Tongyu Heavy Industry Co Inventory Turnover Calculation

Tongyu Heavy Industry 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 )
=	4804.726	/ (	(3132.582	+	3346.442)	/	2 )
=	4804.726	/	3239.512
=	1.48

Tongyu Heavy Industry 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 )
=	1235.089	/ (	(3346.442	+	3174.835)	/	2 )
=	1235.089	/	3260.6385
=	0.38

Tongyu Heavy Industry Co (SZSE:300185) 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.

Tongyu Heavy Industry 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
	=	3260.6385	/	1235.089	*	365 / 4
	=	240.90

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.

Tongyu Heavy Industry 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 )
	=	3260.6385	/	1396.565
	=	2.33

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.

Tongyu Heavy Industry Co Inventory Turnover Related Terms

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Tongyu Heavy Industry Co (SZSE:300185) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tongyu Heavy Industry Co Ltd (SZSE:300185) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

High-tech Industrial Development Zone, Yucheng City, CHN, 251200

Website

http://www.tongyuheavy.com

Tongyu Heavy Industry Co Ltd is engaged in research and development, manufacture and sale of large forgings and castings. Its products include the main shaft for wind turbine tower, pipe mold, roll, pressure vessel forgings, open die forgings, castings, electroslag remelting ingot, steel ingot, fabrications, and full sets of equipment.

Executives

Shi Ai Jun	Executives
Si Xing Kui	Director
Zhang Ji Sen	Supervisors
Zhu Jin Zhi	Director
Li Jing	Supervisors
Si Yong	Director
Zhao Li Jun	Supervisors
Liang Ji Feng	Executives
Wang Shi Zhen	Director
Zhu Jian Ming	Director
Si Chao Xin	Executives
Chen Lian Lian	Director
Li De Xing	Executives
Yang Xing Hou	Executives
Ni Hong Yun	Executives

Tongyu Heavy Industry Co (SZSE:300185) Headlines

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