Royal Century Resources Holdings (HKSE:08125) Inventory Turnover : 8.50 (As of Sep. 2023)

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What is Royal Century Resources 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. Royal Century Resources Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$13.77 Mil. Royal Century Resources Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$1.62 Mil. Royal Century Resources Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 8.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Royal Century Resources Holdings's Days Inventory for the three months ended in Sep. 2023 was 10.73.

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. Royal Century Resources Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.10.

Royal Century Resources Holdings Inventory Turnover Historical Data

The historical data trend for Royal Century Resources 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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Royal Century Resources Holdings Inventory Turnover Chart

Royal Century Resources Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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17.21

41.38

56.10

42.91

44.87

Royal Century Resources Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															5.64	7.44	11.76	7.52	8.50

Royal Century Resources Holdings Inventory Turnover Calculation

Royal Century Resources 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 )
=	53.646	/ (	(1.087	+	1.304)	/	2 )
=	53.646	/	1.1955
=	44.87

Royal Century Resources 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: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	13.767	/ (	(0	+	1.619)	/	1 )
=	13.767	/	1.619
=	8.50

Royal Century Resources Holdings (HKSE:08125) 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.

Royal Century Resources Holdings's Days Inventory for the three 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
	=	1.619	/	13.767	*	365 / 4
	=	10.73

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.

Royal Century Resources 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 )
	=	1.619	/	15.601
	=	0.10

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.

Royal Century Resources Holdings Inventory Turnover Related Terms

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Royal Century Resources Holdings (HKSE:08125) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Royal Century Resources Holdings Ltd (HKSE:08125) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Suite 2201, 22nd Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

http://www.royalcentury.hk

Royal Century Resources Holdings Ltd is a Hong Kong-based investment holding company. The company is principally engaged in the provision of fitting out and engineering services, design and procurement of furnishings and related products services, leasing of construction equipment, sourcing and merchandising of fine and rare wines, and provision of financial services. The company earns the majority of its revenue from design, fitting out, and engineering services. The group's operations are located in Hong Kong, and the PRC, of which the main revenue is generated from Hong Kong.

Executives

Zhao Chuanrong	2101 Beneficial owner
Max Premier Limited	2101 Beneficial owner
Hong Kong Chaoshang Group Limited	2101 Beneficial owner

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