Zhongsheng Group Holdings (Zhongsheng Group Holdings) Inventory Turnover : 5.70 (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Zhongsheng Group 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. Zhongsheng Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $12,688 Mil. Zhongsheng Group Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $2,224 Mil. Zhongsheng Group Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhongsheng Group Holdings's Days Inventory for the six months ended in Dec. 2023 was 31.99.

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. Zhongsheng Group Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.16.

Zhongsheng Group Holdings Inventory Turnover Historical Data

The historical data trend for Zhongsheng Group 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.

* Premium members only.

Zhongsheng Group Holdings Inventory Turnover Chart

Zhongsheng Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

10.71

14.78

15.63

11.92

10.35

Zhongsheng Group 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															7.85	5.93	5.71	4.82	5.70

Zhongsheng Group Holdings Inventory Turnover Calculation

Zhongsheng Group 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 )
=	23182.232	/ (	(2185.611	+	2292.106)	/	2 )
=	23182.232	/	2238.8585
=	10.35

Zhongsheng Group 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 )
=	12687.864	/ (	(2156.115	+	2292.106)	/	2 )
=	12687.864	/	2224.1105
=	5.70

Zhongsheng Group Holdings (OTCPK:ZSHGY) 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.

Zhongsheng Group 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
	=	2224.1105	/	12687.864	*	365 / 2
	=	31.99

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.

Zhongsheng Group 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 )
	=	2224.1105	/	13639.449
	=	0.16

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.

Zhongsheng Group Holdings Inventory Turnover Related Terms

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

Zhongsheng Group Holdings (Zhongsheng Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhongsheng Group Holdings Ltd (OTCPK:ZSHGY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

00881:Hong Kong 5Z0:Germany

Address

No. 20 Hequ Street, Shahekou District, Dalian, CHN, 116000

Website

https://www.zs-group.com.cn

Zhongsheng Group Holdings Ltd is an automobile dealer in China. The company is focused on luxury and mid-to-high end automobile brands including luxury brands of Mercedes-Benz, Lexus and Audi, Porsche and Landrover, and mid-to-high end brands of Toyota, Nissan, and Volkswagen, Chrysler. It provides sales and services for motor vehicles.

Zhongsheng Group Holdings (Zhongsheng Group Holdings) Headlines

From GuruFocus

Matthews China Fund's 3rd-Quarter Commentary

By Sydnee Gatewood • 10-20-2021