China Silver Technology Holdings (HKSE:00515) Inventory Turnover : 3.68 (As of Dec. 2023)

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What is China Silver Technology 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. China Silver Technology Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$138.9 Mil. China Silver Technology Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$37.8 Mil. China Silver Technology Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Silver Technology Holdings's Days Inventory for the six months ended in Dec. 2023 was 49.64.

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 Silver Technology Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.25.

China Silver Technology Holdings Inventory Turnover Historical Data

The historical data trend for China Silver Technology 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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China Silver Technology Holdings Inventory Turnover Chart

China Silver Technology Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.24

6.47

8.14

5.06

6.06

China Silver Technology Holdings 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															2.86	3.86	1.34	2.34	3.68

China Silver Technology Holdings Inventory Turnover Calculation

China Silver Technology 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 )
=	242.178	/ (	(46.266	+	33.693)	/	2 )
=	242.178	/	39.9795
=	6.06

China Silver Technology 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 )
=	138.881	/ (	(41.852	+	33.693)	/	2 )
=	138.881	/	37.7725
=	3.68

China Silver Technology Holdings (HKSE:00515) 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 Silver Technology 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
	=	37.7725	/	138.881	*	365 / 2
	=	49.64

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 Silver Technology 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 )
	=	37.7725	/	151.057
	=	0.25

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 Silver Technology Holdings Inventory Turnover Related Terms

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China Silver Technology Holdings (HKSE:00515) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China Silver Technology Holdings Ltd (HKSE:00515) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Wang Kwong Road, Unit E, 30th Floor, Tower B, Billion Centre, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

https://www.csthltd.com

China Silver Technology Holdings Ltd is an investment holding company engaged in the manufacture and trading of light-emitting diode (LED) lighting, and single-sided, double-sided, and multi-layered printed circuit boards (PCB). The company has three business segments; Manufacturing and trading of Single-sided PCB (Single-sided PCB), Manufacturing and trading of Double-sided PCB (Double-sided PCB), and Manufacturing and trading of Multi-layered PCB (Multi-layered PCB). Geographically, it operates in Hong Kong, The PRC, Asia (excluding Hong Kong and the PRC), Europe, and Others, It derives a majority of its revenue from the PRC.

Executives

Li Jianli	2101 Beneficial owner
Yu Yuliang	2101 Beneficial owner
Chen Hui	2101 Beneficial owner
Zeng Siyuan	2101 Beneficial owner
Li Sidi
Union Insurance Limited
Intelligent South Network Group Limited
Wang Shuang

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