Shunten International (Holdings) (HKSE:00932) Inventory Turnover : 1.20 (As of Sep. 2023)

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What is Shunten International (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. Shunten International (Holdings)'s Cost of Goods Sold for the six months ended in Sep. 2023 was HK$29.8 Mil. Shunten International (Holdings)'s Average Total Inventories for the quarter that ended in Sep. 2023 was HK$24.8 Mil. Shunten International (Holdings)'s Inventory Turnover for the quarter that ended in Sep. 2023 was 1.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shunten International (Holdings)'s Days Inventory for the six months ended in Sep. 2023 was 151.82.

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. Shunten International (Holdings)'s Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.19.

Shunten International (Holdings) Inventory Turnover Historical Data

The historical data trend for Shunten International (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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Shunten International (Holdings) Inventory Turnover Chart

Shunten International (Holdings) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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3.31

2.45

2.17

2.13

2.28

Shunten International (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															1.33	0.95	1.35	1.10	1.20

Shunten International (Holdings) Inventory Turnover Calculation

Shunten International (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 )
=	49.817	/ (	(19.835	+	23.817)	/	2 )
=	49.817	/	21.826
=	2.28

Shunten International (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 )
=	29.848	/ (	(23.817	+	25.844)	/	2 )
=	29.848	/	24.8305
=	1.20

Shunten International (Holdings) (HKSE:00932) 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.

Shunten International (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
	=	24.8305	/	29.848	*	365 / 2
	=	151.82

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.

Shunten International (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 )
	=	24.8305	/	128.012
	=	0.19

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.

Shunten International (Holdings) Inventory Turnover Related Terms

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Shunten International (Holdings) (HKSE:00932) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shunten International (Holdings) Ltd (HKSE:00932) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

100 Kwai Cheong Road, Unit D, 7th Floor, KC100, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.shunten.com.hk

Shunten International (Holdings) Ltd is an investment holding company. The company's business is sales of health and beauty supplements and products and leasing of investment property.

Shunten International (Holdings) (HKSE:00932) Headlines

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