Shimao Group Holdings (HKSE:00813) Inventory Turnover : 0.09 (As of Dec. 2023)

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What is Shimao Group Holdings 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. Shimao Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$28,817 Mil. Shimao Group Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$315,925 Mil. Shimao Group Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shimao Group Holdings's Days Inventory for the six months ended in Dec. 2023 was 2,000.76.

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. Shimao Group Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 9.94.

Shimao Group Holdings Inventory Turnover Historical Data

The historical data trend for Shimao Group Holdings'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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Shimao Group Holdings Inventory Turnover Chart

Shimao Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.36

0.33

0.17

0.18

Shimao Group Holdings 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															0.16	0.09	0.08	0.09	0.09

Shimao Group Holdings Inventory Turnover Calculation

Shimao Group Holdings'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 )
=	58643.836	/ (	(360886.837	+	302449.782)	/	2 )
=	58643.836	/	331668.3095
=	0.18

Shimao Group Holdings'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 )
=	28817.302	/ (	(329400.967	+	302449.782)	/	2 )
=	28817.302	/	315925.3745
=	0.09

Shimao Group Holdings (HKSE:00813) 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.

Shimao Group Holdings'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
	=	315925.3745	/	28817.302	*	365 / 2
	=	2,000.76

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.

Shimao Group Holdings'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 )
	=	315925.3745	/	31796.289
	=	9.94

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.

Shimao Group Holdings Inventory Turnover Related Terms

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Shimao Group Holdings (HKSE:00813) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shimao Group Holdings Ltd (HKSE:00813) » Definitions » Inventory Turnover

Traded in Other Exchanges

SIOPF:USA QHI:Germany

Address

89 Queensway, 1st Floor, Block 38, Hong Kong Lippo Centre, Hong Kong, HKG

Website

http://www.shimaogroup.hk

Shimao Group Holdings, formerly Shimao Property, is a large real estate developer in China. In addition to property development as the core business, the company plans to raise non-development revenue, which includes property investment, hotels and property management services. Shimao holds residential development projects and hotels, while its 59%-owned Shanghai Shimao holds commercial projects. The two entities collaborate on large mixed-use projects. The free float is about 35%, with the company's founder, Hui Wing Mau, holding the remaining stake.

Executives

Gemfair Investments Limited	2101 Beneficial owner
Overseas Investment Group International Limited	2501 Other
Shiying Finance Limited	2101 Beneficial owner
Hui Wing Mau	2201 Interest of corporation controlled by you

Shimao Group Holdings (HKSE:00813) Headlines

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