Poly Culture Group (HKSE:03636) Inventory Turnover : 0.51 (As of Jun. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Poly Culture 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. Poly Culture Group's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$1,259 Mil. Poly Culture Group's Average Total Inventories for the quarter that ended in Jun. 2023 was HK$2,453 Mil. Poly Culture Group's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Poly Culture Group's Days Inventory for the six months ended in Jun. 2023 was 355.55.

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. Poly Culture Group's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 1.42.

Poly Culture Group Inventory Turnover Historical Data

The historical data trend for Poly Culture 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.

* Premium members only.

Poly Culture Group Inventory Turnover Chart

Poly Culture Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

Get a 7-Day Free Trial

1.16

1.15

0.71

0.96

0.74

Poly Culture Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															0.45	0.51	0.28	0.48	0.51

Poly Culture Group Inventory Turnover Calculation

Poly Culture Group's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	1933.809	/ (	(2753.388	+	2490.947)	/	2 )
=	1933.809	/	2622.1675
=	0.74

Poly Culture Group's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	1258.963	/ (	(2490.947	+	2414.531)	/	2 )
=	1258.963	/	2452.739
=	0.51

Poly Culture Group (HKSE:03636) 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.

Poly Culture Group's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	2452.739	/	1258.963	*	365 / 2
	=	355.55

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.

Poly Culture Group's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	2452.739	/	1724.811
	=	1.42

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.

Poly Culture Group Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Poly Culture Group's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Poly Culture Group (HKSE:03636) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Poly Culture Group Corporation Ltd (HKSE:03636) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 North Street of Chaoyangmen, District A, B and C, 11th Floor, Dongcheng District, Beijing, CHN, 100010

Website

http://www.polyculture.com.cn

Poly Culture Group Corporation Ltd is engaged in art business and auction, performance and theater management, and cinema investment and management. Its Art business and the auction include buy and sell antiques, modern and contemporary calligraphy and painting, ancient calligraphy and painting, oil painting and sculpture, and other cultural relics and artwork. It also provides artwork investment consultation and other services. Performance and theatre management, which is the key revenue driver, includes daily management of the theatre, the arrangement of performances, leases of theatres and theatre design consultation services. Cinema Investment and management includes cinema construction and cinema operation. It earns the majority of its revenue in Mainland China.

Executives

Ubs Group Ag	2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.	2106 Person having a security interest in shares
The Bank Of New York Mellon Corporation	2201 Interest of corporation controlled by you
Li Shuming

Poly Culture Group (HKSE:03636) Headlines

No Headlines