Chinasoft International (HKSE:00354) Inventory Turnover : 62.22 (As of Dec. 2023)

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What is Chinasoft International 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. Chinasoft International's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$7,290 Mil. Chinasoft International's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$117 Mil. Chinasoft International's Inventory Turnover for the quarter that ended in Dec. 2023 was 62.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chinasoft International's Days Inventory for the six months ended in Dec. 2023 was 2.93.

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. Chinasoft International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Chinasoft International Inventory Turnover Historical Data

The historical data trend for Chinasoft International'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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Chinasoft International Inventory Turnover Chart

Chinasoft International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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141.63

195.21

127.19

110.95

132.71

Chinasoft International 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															47.33	44.15	56.21	58.76	62.22

Chinasoft International Inventory Turnover Calculation

Chinasoft International'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 )
=	14343.617	/ (	(110.955	+	105.202)	/	2 )
=	14343.617	/	108.0785
=	132.71

Chinasoft International'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 )
=	7289.919	/ (	(129.137	+	105.202)	/	2 )
=	7289.919	/	117.1695
=	62.22

Chinasoft International (HKSE:00354) 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.

Chinasoft International'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
	=	117.1695	/	7289.919	*	365 / 2
	=	2.93

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.

Chinasoft International'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 )
	=	117.1695	/	9479.6
	=	0.01

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.

Chinasoft International Inventory Turnover Related Terms

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Chinasoft International (HKSE:00354) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Chinasoft International Ltd (HKSE:00354) » Definitions » Inventory Turnover

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CFTLF:USA

Address

No. 2 Kexuiyuan South Road, North Wing, 12th Floor, Raycom Infotech Park, Tower C, Haidian District, Zhongguancun, Beijing, CHN, 100190

Website

https://www.chinasofti.com

Chinasoft International Ltd is a technology software and information technology service enterprise. It provides end-to-end IT software, solutions, and services to global clients and has extensive experience in consulting, design, implementation, and services in digital applications of new technologies such as cloud computing, artificial intelligence, big data, the Internet of Things, and 5G, fully supporting clients' digital transformation. It has two segments: The Technical professional services group segment provides services that include business and IT consulting, application development, system integration, product engineering, and enterprise management. The Internet IT services group segment provides cloud-based consulting services.

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