China Overseas Grand Oceans Group (HKSE:00081) Inventory Turnover : 0.24 (As of Dec. 2023)

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What is China Overseas Grand Oceans Group 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. China Overseas Grand Oceans Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$29,925 Mil. China Overseas Grand Oceans Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$123,074 Mil. China Overseas Grand Oceans Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Overseas Grand Oceans Group's Days Inventory for the six months ended in Dec. 2023 was 750.57.

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. China Overseas Grand Oceans Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 3.85.

China Overseas Grand Oceans Group Inventory Turnover Historical Data

The historical data trend for China Overseas Grand Oceans Group'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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China Overseas Grand Oceans Group Inventory Turnover Chart

China Overseas Grand Oceans Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.26

0.33

0.34

0.35

0.41

China Overseas Grand Oceans Group 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															0.17	0.17	0.18	0.18	0.24

China Overseas Grand Oceans Group Inventory Turnover Calculation

China Overseas Grand Oceans Group'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 )
=	54794.703	/ (	(147289.668	+	117168.114)	/	2 )
=	54794.703	/	132228.891
=	0.41

China Overseas Grand Oceans Group'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 )
=	29925.3	/ (	(128980.504	+	117168.114)	/	2 )
=	29925.3	/	123074.309
=	0.24

China Overseas Grand Oceans Group (HKSE:00081) 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.

China Overseas Grand Oceans Group'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
	=	123074.309	/	29925.3	*	365 / 2
	=	750.57

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.

China Overseas Grand Oceans Group'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 )
	=	123074.309	/	31977.732
	=	3.85

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.

China Overseas Grand Oceans Group Inventory Turnover Related Terms

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China Overseas Grand Oceans Group (HKSE:00081) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Overseas Grand Oceans Group Ltd (HKSE:00081) » Definitions » Inventory Turnover

Traded in Other Exchanges

SWL:Germany

Address

1 Queen’s Road East, Suites 701 - 702, 7th Floor, Three Pacific Place, Kowloon, Hong Kong, HKG

Website

https://www.cogogl.com.hk

China Overseas Grand Oceans Group Ltd is engaged in general real estate activities. Its main line of business reflects the development of property comprised of residential property projects. The company carries out its business through three segments; Property investment and development, Property Leasing, and Others. The property investment and development segment is the major revenue driver for the company and is engaged in the construction of residential and commercial properties in the People's Republic of China. The Others segment mainly engages in hotel operations and generates service fee income in relation to hotel operation and other ancillary services.

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