Sino ICT Holdings (HKSE:00365) Inventory Turnover : 2.86 (As of Dec. 2023)

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What is Sino ICT Holdings 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. Sino ICT Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$87.7 Mil. Sino ICT Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$30.7 Mil. Sino ICT Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sino ICT Holdings's Days Inventory for the six months ended in Dec. 2023 was 63.79.

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. Sino ICT Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.32.

Sino ICT Holdings Inventory Turnover Historical Data

The historical data trend for Sino ICT Holdings'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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Sino ICT Holdings Inventory Turnover Chart

Sino ICT Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.64

4.32

3.79

6.33

Sino ICT Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.44	1.83	1.93	2.07	2.86

Sino ICT Holdings Inventory Turnover Calculation

Sino ICT Holdings'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 )
=	150.424	/ (	(23.45	+	24.08)	/	2 )
=	150.424	/	23.765
=	6.33

Sino ICT Holdings'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 )
=	87.69	/ (	(37.224	+	24.08)	/	2 )
=	87.69	/	30.652
=	2.86

Sino ICT Holdings (HKSE:00365) 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.

Sino ICT Holdings'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
	=	30.652	/	87.69	*	365 / 2
	=	63.79

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.

Sino ICT Holdings'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 )
	=	30.652	/	94.756
	=	0.32

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.

Sino ICT Holdings Inventory Turnover Related Terms

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Sino ICT Holdings (HKSE:00365) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sino ICT Holdings Ltd (HKSE:00365) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Austin Road West, Tsim Sha Tsui, Unit 02-03, 69th Floor, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

http://www.sino-ict.com

Sino ICT Holdings Ltd is engaged in the research and development, design, manufacture, and distribution of machinery. The group has two operating segments SMT Equipment Manufacturing and Related Business and Securities Investment Business. The company derives the majority of its revenue from SMT Equipment Manufacturing and Related Business. The company mainly operates in Mainland China and Hong Kong.

Executives

Guang Da Rong Xin Zhu Hai Heng Qin Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Gao Shan	2201 Interest of corporation controlled by you
Li Bin	2201 Interest of corporation controlled by you
Bei Jing Zhi Lu Zi Chan Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Zhi Guang Xin Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Guang Da Rong Xin Ke Ji You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Qi Ping Ke Ji You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Zi Guang Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Wu Xin	2201 Interest of corporation controlled by you
Da Guang Guo Ji You Xian Gong Si	2101 Beneficial owner
Xin Ding You Xian Gong Si	2501 Other
Zhong Qing Xin Xin Su Zhou Gong Ye Yuan Qu Zi Chan Guan Li You Xian Ze Ren Gong Si	2501 Other
Zhao Shang Yin Xing Gu Fen You Xian Gong Si Shang Hai Zhang Jiang Zhi Xing	2106 Person having a security interest in shares
Xin Xin Rong Zi Zu Lin You Xian Ze Ren Gong Si	2501 Other
Shang Hai Qing Xin Qi Ye Guan Li Zi Xun You Xian Gong Si	2501 Other

Sino ICT Holdings (HKSE:00365) Headlines

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