Country Garden Services Holdings Co (HKSE:06098) Inventory Turnover : 52.17 (As of Jun. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Country Garden Services 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 Services Holdings Co's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$17,036 Mil. Country Garden Services Holdings Co's Average Total Inventories for the quarter that ended in Jun. 2023 was HK$327 Mil. Country Garden Services Holdings Co's Inventory Turnover for the quarter that ended in Jun. 2023 was 52.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Country Garden Services Holdings Co's Days Inventory for the six months ended in Jun. 2023 was 3.50.

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 Services Holdings Co's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.01.

Country Garden Services Holdings Co Inventory Turnover Historical Data

The historical data trend for Country Garden Services 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 Services Holdings Co Inventory Turnover Chart

Country Garden Services Holdings Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

583.96

137.34

116.47

124.04

85.48

Country Garden Services Holdings Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial											67.48	72.06	70.36	52.17	43.74

Country Garden Services Holdings Co Inventory Turnover Calculation

Country Garden Services 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 )
=	34739.998	/ (	(257.768	+	302.359)	/	2 )
=	34739.998	/	280.0635
=	124.04

Country Garden Services 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 )
=	17036.133	/ (	(302.359	+	350.68)	/	2 )
=	17036.133	/	326.5195
=	52.17

Country Garden Services Holdings Co (HKSE:06098) 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 Services 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
	=	326.5195	/	17036.133	*	365 / 2
	=	3.50

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 Services 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 )
	=	326.5195	/	22677.498
	=	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.

Country Garden Services Holdings Co Inventory Turnover Related Terms

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

Country Garden Services Holdings Co (HKSE:06098) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Country Garden Services Holdings Co Ltd (HKSE:06098) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CGSHY:USA CTRGF:USA 75H:Germany

Address

West Building of Country Garden Office, Beijiao Town, Shunde District, Guangdong Province, Foshan, CHN, 528312

Website

http://www.bgyfw.com

Country Garden Services was listed on the Hong Kong Stock Exchange in June 2018 as a spinoff via introduction by sister developer Country Garden Holdings. As of June 2022, Yang Huiyan, chairperson of CGH, was also the largest shareholder of CGS with 43% ownership. CGS was the top residential property management firm in China in revenue and gross floor area under management for 2022. This is mainly ascribed to scalable projects contributed by CGH and rising acquisitions of third-party property management peers. In addition, CGS provides value-added services to developers and homeowners, and city services on public space sanitation and greening.

Country Garden Services Holdings Co (HKSE:06098) Headlines

No Headlines