Shenguan Holdings Group (Shenguan Holdings Group) Inventory Turnover : 0.92 (As of Jun. 2023)

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What is Shenguan Holdings 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. Shenguan Holdings Group's Cost of Goods Sold for the six months ended in Jun. 2023 was $64.7 Mil. Shenguan Holdings Group's Average Total Inventories for the quarter that ended in Jun. 2023 was $70.3 Mil. Shenguan Holdings Group's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenguan Holdings Group's Days Inventory for the six months ended in Jun. 2023 was 198.24.

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. Shenguan Holdings Group's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.99.

Shenguan Holdings Group Inventory Turnover Historical Data

The historical data trend for Shenguan Holdings 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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Shenguan Holdings Group Inventory Turnover Chart

Shenguan Holdings Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.40

1.61

1.97

1.82

1.86

Shenguan Holdings Group 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															1.09	0.73	1.01	0.92	0.95

Shenguan Holdings Group Inventory Turnover Calculation

Shenguan Holdings 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 )
=	125.032	/ (	(66.299	+	71.185)	/	2 )
=	125.032	/	68.742
=	1.82

Shenguan Holdings 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 )
=	64.723	/ (	(71.185	+	69.426)	/	2 )
=	64.723	/	70.3055
=	0.92

Shenguan Holdings Group (OTCPK:SHGXY) 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.

Shenguan Holdings 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
	=	70.3055	/	64.723	*	365 / 2
	=	198.24

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.

Shenguan Holdings 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 )
	=	70.3055	/	71.118
	=	0.99

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.

Shenguan Holdings Group Inventory Turnover Related Terms

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Shenguan Holdings Group (Shenguan Holdings Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shenguan Holdings Group Ltd (OTCPK:SHGXY) » Definitions » Inventory Turnover

Traded in Other Exchanges

00829:Hong Kong S2N:Germany

Address

255–257 Gloucester Road, Unit 2902, Sino Plaza, Causeway Bay, Hong Kong, HKG

Website

http://www.shenguan.com.hk

Shenguan Holdings Group Ltd is an investment holding company. It is engaged in the manufacture and sale of edible collagen sausage casing products, pharmaceutical products, food products, skincare and health care products, and bioactive collagen products. The company generates a majority of its revenue from edible collagen sausage casing products. Geographically, the firm generates a majority of its revenue from the People's Republic of China.

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