SOCAM Development (HKSE:00983) Change In Inventory : HK$9 Mil (TTM As of Dec. 2023)

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What is SOCAM Development Change In Inventory?

SOCAM Development's change in inventory for the quarter that ended in Dec. 2023 was HK$4 Mil. It means SOCAM Development's inventory declined by HK$4 Mil from Jun. 2023 to Dec. 2023 .

SOCAM Development's change in inventory for the fiscal year that ended in Dec. 2023 was HK$9 Mil. It means SOCAM Development's inventory declined by HK$9 Mil from Dec. 2022 to Dec. 2023 .

SOCAM Development's Total Inventories for the quarter that ended in Dec. 2023 was HK$831 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SOCAM Development's Days Inventory for the quarter that ended in Dec. 2023 was 302.09.

Inventory Turnover measures how fast the company turns over its inventory within a year. SOCAM Development's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.60.

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. SOCAM Development's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.18.

SOCAM Development Change In Inventory Historical Data

The historical data trend for SOCAM Development's Change In Inventory 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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SOCAM Development Change In Inventory Chart

SOCAM Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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425.00

107.00

69.00

26.00

9.00

SOCAM Development Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															13.00	19.00	7.00	5.00	4.00

SOCAM Development Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$9 Mil.

SOCAM Development (HKSE:00983) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

SOCAM Development's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	826	/	499	*	365 / 2
	=	302.09

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

SOCAM Development's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	499	/	826
	=	0.60

3. 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.

SOCAM Development's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	826	/	4546
	=	0.18

SOCAM Development Change In Inventory Related Terms

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SOCAM Development (HKSE:00983) Business Description

Industry

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Traded in Other Exchanges

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Address

6-8 Harbour Road, 34th Floor, Shui On Centre, Hong Kong, HKG

Website

https://www.socam.com

SOCAM Development Ltd is an investment holding company. The company along with its subsidiaries is principally engaged in property segment which includes Property development and construction and maintenance segment includes contracting ,renovation and fitting out, smart facilities management and Other businesses segment includes venture capital investment and others. The group's majority of the revenue comes from Construction and maintenance segment in which Hongkong is the major contributor when it comes to revenue.

Executives

Lo Hong Sui	2307 Founder of a discretionary trust who can infl
Lo Bo Yue, Stephanie	2501 Other
Bosrich Holdings (ptc) Inc.	2301 Trustee
Hsbc International Trustee Limited	2301 Trustee
Shui On Company Limited	2101 Beneficial owner
Chu Loletta	2202 Interest of your spouse
Right Ying Holdings Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Sun Yinhuan	2307 Founder of a discretionary trust who can infl

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