State Energy Group International Assets Holdings (HKSE:00918) Inventory Turnover : 0.60 (As of Sep. 2023)

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What is State Energy Group International Assets 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. State Energy Group International Assets Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$72.0 Mil. State Energy Group International Assets Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$119.9 Mil. State Energy Group International Assets Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. State Energy Group International Assets Holdings's Days Inventory for the six months ended in Sep. 2023 was 303.93.

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. State Energy Group International Assets Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.30.

State Energy Group International Assets Holdings Inventory Turnover Historical Data

The historical data trend for State Energy Group International Assets 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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State Energy Group International Assets Holdings Inventory Turnover Chart

State Energy Group International Assets Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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7.10

9.27

9.43

5.19

2.52

State Energy Group International Assets Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															3.22	2.14	1.69	0.85	0.60

State Energy Group International Assets Holdings Inventory Turnover Calculation

State Energy Group International Assets Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	186.421	/ (	(39.045	+	108.641)	/	2 )
=	186.421	/	73.843
=	2.52

State Energy Group International Assets Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	72.004	/ (	(108.641	+	131.183)	/	2 )
=	72.004	/	119.912
=	0.60

State Energy Group International Assets Holdings (HKSE:00918) 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.

State Energy Group International Assets Holdings's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	119.912	/	72.004	*	365 / 2
	=	303.93

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.

State Energy Group International Assets Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	119.912	/	92.024
	=	1.30

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.

State Energy Group International Assets Holdings Inventory Turnover Related Terms

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State Energy Group International Assets Holdings (HKSE:00918) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » State Energy Group International Assets Holdings Ltd (HKSE:00918) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Hok Cheung Street, Unit 13, 5th Floor, Tower 1, Harbour Centre, Hung Hom, Kowloon, Hong Kong, HKG

Website

http://www.seiah.com/en/companyInfo

State Energy Group International Assets Holdings Ltd is an investment holding company. It is principally engaged in the sourcing, subcontracting, marketing, and selling of outerwear garments and sportswear products, property investment, and provision of marketing services. The company's operating segment includes Garment business; Property investment and Marketing services. Revenue mainly represents the consideration of goods sold, rental income received and receivable and marketing services provided. It generates maximum revenue from the Garment business segment.

Executives

Zhang Jinbing	2101 Beneficial owner
Always Profit Development Limited	2101 Beneficial owner
Golden Bold Holdings Limited	2101 Beneficial owner
Wang Yuelai	2201 Interest of corporation controlled by you
Chong Kin Group Holdings Ltd.	2106 Person having a security interest in shares
State Energy Hk Limited	2101 Beneficial owner
Shang Hai Zhong She Gu Quan Tou Zi Ji Jin You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Guo Ming Gu Quan Tou Zi Ji Jin Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Liu Quan Hui	2201 Interest of corporation controlled by you
Guo Neng Shang Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Niu Fang	2201 Interest of corporation controlled by you
Hu Zhang Cui	2202 Interest of your spouse

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