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Jinhai Medical Technology (HKSE:02225) Inventory-to-Revenue : 0.07 (As of Dec. 2023)


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What is Jinhai Medical Technology Inventory-to-Revenue?

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. Jinhai Medical Technology's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$13.5 Mil. Jinhai Medical Technology's Revenue for the six months ended in Dec. 2023 was HK$197.3 Mil. Jinhai Medical Technology's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.07.

Jinhai Medical Technology's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Jun. 2023 (0.14) to Jun. 2023 (0.07)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jinhai Medical Technology's Days Inventory for the six months ended in Dec. 2023 was 15.70.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jinhai Medical Technology's Inventory Turnover for the quarter that ended in Dec. 2023 was 11.62.


Jinhai Medical Technology Inventory-to-Revenue Historical Data

The historical data trend for Jinhai Medical Technology's Inventory-to-Revenue 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.

Jinhai Medical Technology Inventory-to-Revenue Chart

Jinhai Medical Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.04 0.04 0.03

Jinhai Medical Technology Semi-Annual Data
Dec14 Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.06 0.12 0.14 0.07

Competitive Comparison of Jinhai Medical Technology's Inventory-to-Revenue

For the Staffing & Employment Services subindustry, Jinhai Medical Technology's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Jinhai Medical Technology's Inventory-to-Revenue Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Jinhai Medical Technology's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Jinhai Medical Technology's Inventory-to-Revenue falls into.



Jinhai Medical Technology Inventory-to-Revenue Calculation

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.

Jinhai Medical Technology's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (5.523 + 12.294) / 2 ) / 267.6
=8.9085 / 267.6
=0.03

Jinhai Medical Technology's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (Q: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Revenue (Q: Dec. 2023 )
=( (14.622 + 12.294) / 2 ) / 197.347
=13.458 / 197.347
=0.07

* 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.


Jinhai Medical Technology  (HKSE:02225) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Jinhai Medical Technology'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
=13.458/156.419*365 / 2
=15.70

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Jinhai Medical Technology's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=156.419 / 13.458
=11.62

* 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.


Jinhai Medical Technology Inventory-to-Revenue Related Terms

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Jinhai Medical Technology (HKSE:02225) Business Description

Traded in Other Exchanges
N/A
Address
31 Sungei Kadut Avenue, Singapore, SGP, 729660
Jinhai International Group Holdings Ltd is a Singapore-based company engaged in the provision of manpower outsourcing and ancillary services to building and construction contractors in Singapore. It also provides dormitory services, IT services, and construction ancillary services including warehousing services, cleaning services, and building maintenance work in Singapore. It earns a vast majority of its revenues from the Manpower outsourcing and ancillary services segment.
Executives
Liu Lei 2101 Beneficial owner
Chen Guobao 2201 Interest of corporation controlled by you
Full Fortune International Co., Ltd. 2101 Beneficial owner
Jiang Xiahong 2202 Interest of your spouse

Jinhai Medical Technology (HKSE:02225) Headlines

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