Tsim Sha Tsui Properties (HKSE:00247) Inventory Turnover : 0.19 (As of Dec. 2023)

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What is Tsim Sha Tsui Properties 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. Tsim Sha Tsui Properties's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,028 Mil. Tsim Sha Tsui Properties's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$15,777 Mil. Tsim Sha Tsui Properties's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tsim Sha Tsui Properties's Days Inventory for the six months ended in Dec. 2023 was 950.91.

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. Tsim Sha Tsui Properties's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 3.19.

Tsim Sha Tsui Properties Inventory Turnover Historical Data

The historical data trend for Tsim Sha Tsui Properties'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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Tsim Sha Tsui Properties Inventory Turnover Chart

Tsim Sha Tsui Properties Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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0.13

0.08

0.41

0.34

0.35

Tsim Sha Tsui Properties Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.25	0.10	0.20	0.18	0.19

Tsim Sha Tsui Properties Inventory Turnover Calculation

Tsim Sha Tsui Properties's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	6524.133	/ (	(20481.14	+	16483.246)	/	2 )
=	6524.133	/	18482.193
=	0.35

Tsim Sha Tsui Properties's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	3027.866	/ (	(16483.246	+	15070.052)	/	2 )
=	3027.866	/	15776.649
=	0.19

Tsim Sha Tsui Properties (HKSE:00247) 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.

Tsim Sha Tsui Properties'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
	=	15776.649	/	3027.866	*	365 / 2
	=	950.91

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.

Tsim Sha Tsui Properties's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	15776.649	/	4948.752
	=	3.19

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.

Tsim Sha Tsui Properties Inventory Turnover Related Terms

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Tsim Sha Tsui Properties (HKSE:00247) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tsim Sha Tsui Properties Ltd (HKSE:00247) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Salisbury Road, 12th Floor, Tsim Sha Tsui Centre, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.sino.com

Tsim Sha Tsui Properties Ltd is in the business of developing properties for sale and investment. The firm's portfolio consists of residential properties, offices, industrial buildings, and Shopping malls. It also provides property services such as property management, car park management, cleaning, environmental services, security services, etc. The company has Property sales, property rental, Property management, and Other services, Hotel operations, Investments in securities, and Financing operating segments. It generates maximum revenue from the Property sales segment.

Executives

Ng Chee Siong	2304 Executor or administrator
Fanlight Investment Limited	2101 Beneficial owner
Ng Chee Tat, Philip	2304 Executor or administrator
Tamworth Investment Limited	2101 Beneficial owner

Tsim Sha Tsui Properties (HKSE:00247) Headlines

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