Second Chance Properties (SGX:528) Inventory Turnover : 0.39 (As of Feb. 2024)

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What is Second Chance Properties 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. Second Chance Properties's Cost of Goods Sold for the six months ended in Feb. 2024 was S$6.27 Mil. Second Chance Properties's Average Total Inventories for the quarter that ended in Feb. 2024 was S$16.03 Mil. Second Chance Properties's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Second Chance Properties's Days Inventory for the six months ended in Feb. 2024 was 466.77.

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. Second Chance Properties's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 1.21.

Second Chance Properties Inventory Turnover Historical Data

The historical data trend for Second Chance Properties'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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Second Chance Properties Inventory Turnover Chart

Second Chance Properties Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Inventory Turnover

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1.04

0.73

1.11

1.15

0.98

Second Chance Properties Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															0.49	0.66	0.46	0.50	0.39

Second Chance Properties Inventory Turnover Calculation

Second Chance Properties's Inventory Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Inventory Turnover (A: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2023 )	/ (	(Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )
=	15.761	/ (	(16.371	+	15.796)	/	2 )
=	15.761	/	16.0835
=	0.98

Second Chance Properties's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Aug. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	6.269	/ (	(15.796	+	16.272)	/	2 )
=	6.269	/	16.034
=	0.39

Second Chance Properties (SGX:528) 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.

Second Chance Properties's Days Inventory for the six months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	16.034	/	6.269	*	365 / 2
	=	466.77

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.

Second Chance Properties's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	16.034	/	13.296
	=	1.21

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.

Second Chance Properties Inventory Turnover Related Terms

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Second Chance Properties (SGX:528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Second Chance Properties Ltd (SGX:528) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 07-20 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.secondchance.com.sg

Second Chance Properties Ltd is a Singapore-based investment holding company, retailing of readymade garments, holding of property as investment for rental income and investing in securities. The company operates in four segments: Wearing apparel; Gold & jewelry, which is the key revenue generator; Investment dealing; and Property rental. Its geographical segments include Singapore and Malaysia, of which the vast majority of the revenue comes from Singapore.

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