Shandong Hi-Speed Holdings Group (HKSE:00412) Inventory Turnover : 25.62 (As of Jun. 2024)

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What is Shandong Hi-Speed Holdings 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. Shandong Hi-Speed Holdings Group's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$1,510 Mil. Shandong Hi-Speed Holdings Group's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$59 Mil. Shandong Hi-Speed Holdings Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 25.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shandong Hi-Speed Holdings Group's Days Inventory for the six months ended in Jun. 2024 was 7.12.

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. Shandong Hi-Speed Holdings Group's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.02.

Shandong Hi-Speed Holdings Group Inventory Turnover Historical Data

The historical data trend for Shandong Hi-Speed Holdings 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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Shandong Hi-Speed Holdings Group Inventory Turnover Chart

Shandong Hi-Speed Holdings Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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20.34

36.86

Shandong Hi-Speed Holdings Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															14.02	16.90	21.92	25.62	-

Shandong Hi-Speed Holdings Group Inventory Turnover Calculation

Shandong Hi-Speed Holdings 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 )
=	3032.48	/ (	(93.678	+	70.867)	/	2 )
=	3032.48	/	82.2725
=	36.86

Shandong Hi-Speed Holdings Group's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	1510.459	/ (	(70.867	+	47.034)	/	2 )
=	1510.459	/	58.9505
=	25.62

Shandong Hi-Speed Holdings Group (HKSE:00412) 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.

Shandong Hi-Speed Holdings Group's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	58.9505	/	1510.459	*	365 / 2
	=	7.12

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.

Shandong Hi-Speed Holdings Group's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	58.9505	/	3075.354
	=	0.02

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.

Shandong Hi-Speed Holdings Group Inventory Turnover Related Terms

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Shandong Hi-Speed Holdings Group Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Shandong Hi-Speed Holdings Group Ltd (HKSE:00412) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

99 Queen’s Road Central, 38th Floor, The Center, Central, Hong Kong, HKG

Website

https://www.csfg.com.hk

Shandong Hi-Speed Holdings Group Ltd is an investment holding company & its segments include the Industrial investment segment in operations of the industrial investment-related business; the Standard investment segment in trading of listed securities & listed bonds for interest income & capital appreciation; the Non-standard investment segment in direct investment business, investments in debts instruments, unlisted bonds & investment funds; Licensed financial services segment in provision of money lending services, securities brokerage services, asset management services & asset trading platform; & Financial technology segment in online investment & technology-enabled lending services. The majority is from the Industrial Investment segment & key revenue is from the PRC.

Executives

Haitong International Holdings Limited	2201 Interest of corporation controlled by you
Haitong International Securities Group Limited	2201 Interest of corporation controlled by you
Haitong Securities Co., Ltd.	2201 Interest of corporation controlled by you
Shan Dong Gao Su Ji Tuan You Xian Gong Si	2101 Beneficial owner
China Credit Trust Co., Ltd	2201 Interest of corporation controlled by you
Harvest Fund Management Co., Ltd.	2201 Interest of corporation controlled by you
Shandong Hi-speed (bvi) Capital Management Limited
Shandong Hi-speed (hong Kong) International Capital Limited
Shandong International (hong Kong) Limited
Shan Dong Sheng Nong Cun Jing Ji Kai Fa Tou Zi Gong Si
Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Tai Fung Bank Limited	2106 Person having a security interest in shares
Zhong Guo Yin Xing Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
China Credit Trust Co., Ltd.	2201 Interest of corporation controlled by you
Lau Mo	2201 Interest of corporation controlled by you

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