CSMall Group (HKSE:01815) Inventory Turnover : 0.25 (As of Dec. 2023)

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What is CSMall Group 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. CSMall Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$280.4 Mil. CSMall Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1,102.5 Mil. CSMall Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CSMall Group's Days Inventory for the six months ended in Dec. 2023 was 717.63.

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. CSMall Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 3.59.

CSMall Group Inventory Turnover Historical Data

The historical data trend for CSMall Group'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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CSMall Group Inventory Turnover Chart

CSMall Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.43

0.48

0.37

1.68

0.46

CSMall Group Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial												0.11	0.79	0.89	0.20	0.25

CSMall Group Inventory Turnover Calculation

CSMall Group'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 )
=	506.531	/ (	(1109.669	+	1072.504)	/	2 )
=	506.531	/	1091.0865
=	0.46

CSMall Group'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 )
=	280.373	/ (	(1132.485	+	1072.504)	/	2 )
=	280.373	/	1102.4945
=	0.25

CSMall Group (HKSE:01815) 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.

CSMall Group'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
	=	1102.4945	/	280.373	*	365 / 2
	=	717.63

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.

CSMall Group'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 )
	=	1102.4945	/	306.87
	=	3.59

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.

CSMall Group Inventory Turnover Related Terms

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CSMall Group (HKSE:01815) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » CSMall Group Ltd (HKSE:01815) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 99 Beili North Road, 29th Floor Shuibei International, Guangdong Province, Luohu District, Shenzhen, CHN, 518000

Website

https://www.csmall.com

CSMall Group Ltd is an investment holding company that operates in the online Jewellery market. The company, along with its subsidiaries, is engaged in the business of design and sale of gold, silver, and other jewelry products. It derives revenue from different sources including Online Sales Channels and Offline Sales and Service networks. The key revenue is derived from Online Sales Channels which comprises a Self-operated online platform and Third-party online sales channels. It has two segments New Jewellery Retail segment and the Fresh Food Retail segment. Its geographical segments are PRC and Hong Kong, of which nearly all of its is generated from the PRC.

Executives

Xue Meiqi	2101 Beneficial owner
Lin Ting	2101 Beneficial owner
China Silver Group Limited	2101 Beneficial owner
Yao Runxiong	2101 Beneficial owner

CSMall Group (HKSE:01815) Headlines

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