Homeinns Hotel Group (Homeinns Hotel Group) Inventory Turnover : 40.86 (As of Sep. 2015)

View and export this data going back to . Start your Free Trial

What is Homeinns Hotel Group 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. Homeinns Hotel Group's Cost of Goods Sold for the three months ended in Sep. 2015 was $223.1 Mil. Homeinns Hotel Group's Average Total Inventories for the quarter that ended in Sep. 2015 was $5.5 Mil. Homeinns Hotel Group's Inventory Turnover for the quarter that ended in Sep. 2015 was 40.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Homeinns Hotel Group's Days Inventory for the three months ended in Sep. 2015 was 2.23.

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. Homeinns Hotel Group's Inventory-to-Revenue for the quarter that ended in Sep. 2015 was 0.02.

Homeinns Hotel Group Inventory Turnover Historical Data

The historical data trend for Homeinns Hotel Group'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.

* Premium members only.

Homeinns Hotel Group Inventory Turnover Chart

Homeinns Hotel Group Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Inventory Turnover

Get a 7-Day Free Trial

87.91

113.69

122.89

120.86

111.76

Homeinns Hotel Group Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
Inventory Turnover	Get a 7-Day Free Trial															32.91	33.45	38.35	40.86	32.93

Homeinns Hotel Group Inventory Turnover Calculation

Homeinns Hotel Group's Inventory Turnover for the fiscal year that ended in Dec. 2014 is calculated as

	Inventory Turnover (A: Dec. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2014 )	/ (	(Total Inventories (A: Dec. 2013 )	+	Total Inventories (A: Dec. 2014 ))	/	count )
=	844.191	/ (	(6.788	+	7.182)	/	2 )
=	844.191	/	6.985
=	120.86

Homeinns Hotel Group's Inventory Turnover for the quarter that ended in Sep. 2015 is calculated as

	Inventory Turnover (Q: Sep. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2015 )	/ (	(Total Inventories (Q: Jun. 2015 )	+	Total Inventories (Q: Sep. 2015 ))	/	count )
=	223.119	/ (	(5.76	+	5.162)	/	2 )
=	223.119	/	5.461
=	40.86

Homeinns Hotel Group (NAS:HMIN) 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.

Homeinns Hotel Group's Days Inventory for the three months ended in Sep. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2015 )	/	Cost of Goods Sold (Q: Sep. 2015 )	*	Days in Period
	=	5.461	/	223.119	*	365 / 4
	=	2.23

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.

Homeinns Hotel Group's Inventory to Revenue for the quarter that ended in Sep. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2015 )	/	Revenue (Q: Sep. 2015 )
	=	5.461	/	274.359
	=	0.02

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.

Homeinns Hotel Group Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Homeinns Hotel Group's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Homeinns Hotel Group (Homeinns Hotel Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Homeinns Hotel Group (NAS:HMIN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.homeinns.com

Homeinns Hotel Group was incorporated in the Cayman Islands on May 2006. The Company develops and operates economy hotels across China under its "Home Inn", "Yitel" and its recently acquired "Motel 168" brands. As of December 31, 2013, the Company had 2,180 hotels in operation, including 872 leased-and-operated hotels and 1,308 franchised-and-managed hotels, with approximately 256,555 rooms located in 287 cities across China, and an additional 161 hotels under development. It competes with other economy hotel chains, such as Jinjiang Star, 7 Days Inn, Han Ting, Green Tree Inn and Super 8, as well as various regional and local economy hotel chains.

Homeinns Hotel Group (Homeinns Hotel Group) Headlines

From GuruFocus

Matthews China Fund Comments on Homeinns Hotel Group

By Vera Yuan Vera Yuan • 04-29-2015

Shorting China

By David Pinsen DaveinHackensack • 04-25-2010