CTF Services (HKSE:00659) Inventory Turnover : 514.71 (As of Dec. 2024)

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What is CTF Services 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. CTF Services's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$10,191 Mil. CTF Services's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$20 Mil. CTF Services's Inventory Turnover for the quarter that ended in Dec. 2024 was 514.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CTF Services's Days Inventory for the six months ended in Dec. 2024 was 0.35.

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. CTF Services's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.00.

CTF Services Inventory Turnover Historical Data

The historical data trend for CTF Services'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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CTF Services Inventory Turnover Chart

CTF Services Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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52.20

91.14

146.47

115.00

174.31

CTF Services Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															69.06	59.66	45.62	67.85	514.71

CTF Services Inventory Turnover Calculation

CTF Services's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	22485.7	/ (	(239.6	+	18.4)	/	2 )
=	22485.7	/	129
=	174.31

CTF Services's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	10191.3	/ (	(18.4	+	21.2)	/	2 )
=	10191.3	/	19.8
=	514.71

CTF Services (HKSE:00659) 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.

CTF Services's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	19.8	/	10191.3	*	365 / 2
	=	0.35

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.

CTF Services's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	19.8	/	12109.7
	=	0.00

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.

CTF Services Inventory Turnover Related Terms

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CTF Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » CTF Services Ltd (HKSE:00659) » Definitions » Inventory Turnover

Comparable Companies

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NWSZF:USA NWSGY:USA NWS:Germany

Address

888 Lai Chi Kok Road, 21st Floor, NCB Innovation Centre, Cheung Sha Wan, Kowloon, HKG

Website

https://www.ctfs.com.hk

CTF Services Ltd is a conglomerate with a diversified portfolio of businesses, predominantly in Hong Kong and the Mainland. The group's businesses include toll roads, construction, insurance, logistics, and facilities management.

Executives

Cheng Yu Tung Family (holdings Ii) Limited	2201 Interest of corporation controlled by you
Cheng Yu Tung Family (holdings) Limited	2201 Interest of corporation controlled by you
Chow Tai Fook (holding) Limited	2201 Interest of corporation controlled by you
Chow Tai Fook Capital Limited	2201 Interest of corporation controlled by you
Chow Tai Fook Enterprises Limited	2201 Interest of corporation controlled by you
Century Acquisition Limited	2101 Beneficial owner
New World Development Company Limited	2201 Interest of corporation controlled by you
Mombasa Limited	2101 Beneficial owner

CTF Services Headlines

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