Country Garden Holdings Co (HKSE:02007) Inventory Turnover : 0.27 (As of Jun. 2023)

View and export this data going back to 2007. Start your Free Trial

What is Country Garden Holdings Co 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. Country Garden Holdings Co's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$274,071 Mil. Country Garden Holdings Co's Average Total Inventories for the quarter that ended in Jun. 2023 was HK$1,008,967 Mil. Country Garden Holdings Co's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Country Garden Holdings Co's Days Inventory for the six months ended in Jun. 2023 was 671.86.

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. Country Garden Holdings Co's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 4.08.

Country Garden Holdings Co Inventory Turnover Historical Data

The historical data trend for Country Garden Holdings Co'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.

Country Garden Holdings Co Inventory Turnover Chart

Country Garden Holdings Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

Get a 7-Day Free Trial

0.51

0.46

0.38

0.41

0.38

Country Garden Holdings Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															0.17	0.22	0.13	0.24	0.27

Country Garden Holdings Co Inventory Turnover Calculation

Country Garden Holdings Co'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 )
=	443880.7	/ (	(1303064.703	+	1052489.104)	/	2 )
=	443880.7	/	1177776.9035
=	0.38

Country Garden Holdings Co'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 )
=	274070.779	/ (	(1052489.104	+	965445.087)	/	2 )
=	274070.779	/	1008967.0955
=	0.27

Country Garden Holdings Co (HKSE:02007) 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.

Country Garden Holdings Co'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
	=	1008967.0955	/	274070.779	*	365 / 2
	=	671.86

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.

Country Garden Holdings Co'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 )
	=	1008967.0955	/	247532.382
	=	4.08

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.

Country Garden Holdings Co Inventory Turnover Related Terms

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

Country Garden Holdings Co (HKSE:02007) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Country Garden Holdings Co Ltd (HKSE:02007) » Definitions » Inventory Turnover

Traded in Other Exchanges

CTRYY:USA CTRYF:USA DZJ:Germany

Address

No. 1 Country Garden Road, Country Garden Centre, Beijiao Town, Shunde District, Guangdong Province, Foshan, CHN, 528312

Website

https://www.countrygarden.com.cn

Listed in 2007, Country Garden Holdings has been one of the largest China real estate developers in contracted sales with a focus on Tier 3 and lower-tier cities. Property development has represented most of CGH's revenue and earnings, and the firm has tapped into new businesses such as robotics construction and venture capital investment. Following the retirement of founder Yang Guoqiang, Yang Huiyan (daughter of Yang Guoqiang) holds an over 50% stake of the company, while Ping An Life Insurance retains 7.7% equity ownership after the private placement in 2015.

Country Garden Holdings Co (HKSE:02007) Headlines

No Headlines