China Starch Holdings (HKSE:03838) Inventory Turnover : 8.28 (As of Dec. 2023)

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What is China Starch 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. China Starch Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$6,127 Mil. China Starch Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$740 Mil. China Starch Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Starch Holdings's Days Inventory for the six months ended in Dec. 2023 was 22.03.

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. China Starch Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.11.

China Starch Holdings Inventory Turnover Historical Data

The historical data trend for China Starch 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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China Starch Holdings Inventory Turnover Chart

China Starch Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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13.37

12.66

15.40

14.09

13.92

China Starch 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															6.03	5.85	5.58	7.49	8.28

China Starch Holdings Inventory Turnover Calculation

China Starch 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 )
=	12295.127	/ (	(967.526	+	799.198)	/	2 )
=	12295.127	/	883.362
=	13.92

China Starch 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 )
=	6127.225	/ (	(680.187	+	799.198)	/	2 )
=	6127.225	/	739.6925
=	8.28

China Starch Holdings (HKSE:03838) 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.

China Starch 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
	=	739.6925	/	6127.225	*	365 / 2
	=	22.03

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.

China Starch 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 )
	=	739.6925	/	6544.31
	=	0.11

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.

China Starch Holdings Inventory Turnover Related Terms

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China Starch Holdings (HKSE:03838) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Starch Holdings Ltd (HKSE:03838) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

39 Gloucester Road, Harcourt House, Room 1101-1104, 11th Floor, Wanchai, Hong Kong, HKG

Website

http://www.chinastarch.com.hk

China Starch Holdings Ltd is an investment holding company. It is principally engaged in the manufacturing and sale of cornstarch, lysine, starch-based sweetener, modified starch and ancillary corn-based and corn-refined products. The company's segments are Upstream products which is engaged in the manufacture and sale of cornstarch and ancillary corn-refined products and Fermented and downstream products which is engaged in the manufacture and sale of lysine, starch-based sweetener, modified starch, and other products.

Executives

Merry Boom Group Limited
Tian Qixiang

China Starch Holdings (HKSE:03838) Headlines

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