Chinney Alliance Group (HKSE:00385) Inventory Turnover : 18.42 (As of Dec. 2023)

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What is Chinney Alliance 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. Chinney Alliance Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,031 Mil. Chinney Alliance Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$165 Mil. Chinney Alliance Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 18.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chinney Alliance Group's Days Inventory for the six months ended in Dec. 2023 was 9.91.

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. Chinney Alliance Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Chinney Alliance Group Inventory Turnover Historical Data

The historical data trend for Chinney Alliance 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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Chinney Alliance Group Inventory Turnover Chart

Chinney Alliance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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56.67

33.78

31.70

29.46

34.22

Chinney Alliance 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															19.05	12.76	15.63	13.64	18.42

Chinney Alliance Group Inventory Turnover Calculation

Chinney Alliance 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 )
=	5321.381	/ (	(158.854	+	152.128)	/	2 )
=	5321.381	/	155.491
=	34.22

Chinney Alliance 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 )
=	3031.138	/ (	(176.972	+	152.128)	/	2 )
=	3031.138	/	164.55
=	18.42

Chinney Alliance Group (HKSE:00385) 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.

Chinney Alliance 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
	=	164.55	/	3031.138	*	365 / 2
	=	9.91

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.

Chinney Alliance 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 )
	=	164.55	/	3442.802
	=	0.05

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.

Chinney Alliance Group Inventory Turnover Related Terms

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Chinney Alliance Group (HKSE:00385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chinney Alliance Group Ltd (HKSE:00385) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Connaught Road Central, 23rd Floor, Wing On Centre, Hong Kong, HKG

Website

https://chinneyalliancegroup.etnet.com.hk

Chinney Alliance Group Ltd is an investment holding company. The company's operating segment includes Plastic and chemical products; Building related contracting services; Building construction; Foundation piling and ground investigation; the aviation segment and others. It generates maximum revenue from the Building related contracting services segment. The Building related contracting services segment consists of the provision of contracting services for both public and private sectors, including engineering contracting services in the air-conditioning industry and the provision of maintenance services. Geographically, it derives a majority of revenue from Hong Kong.

Executives

Wong Sai Wing, James

2201 Interest of corporation controlled by you

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