Shanghai Zendai Property (HKSE:00755) Inventory Turnover : 0.19 (As of Dec. 2023)

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What is Shanghai Zendai Property 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. Shanghai Zendai Property's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$34.6 Mil. Shanghai Zendai Property's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$182.9 Mil. Shanghai Zendai Property's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Zendai Property's Days Inventory for the six months ended in Dec. 2023 was 965.41.

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. Shanghai Zendai Property's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.99.

Shanghai Zendai Property Inventory Turnover Historical Data

The historical data trend for Shanghai Zendai Property'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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Shanghai Zendai Property Inventory Turnover Chart

Shanghai Zendai Property Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.09

0.48

0.16

0.08

0.65

Shanghai Zendai Property Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.04	0.58	0.46	0.19	0.35

Shanghai Zendai Property Inventory Turnover Calculation

Shanghai Zendai Property'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 )
=	122.565	/ (	(197.104	+	179.713)	/	2 )
=	122.565	/	188.4085
=	0.65

Shanghai Zendai Property'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 )
=	34.581	/ (	(186.147	+	179.713)	/	2 )
=	34.581	/	182.93
=	0.19

Shanghai Zendai Property (HKSE:00755) 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.

Shanghai Zendai Property'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
	=	182.93	/	34.581	*	365 / 2
	=	965.41

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.

Shanghai Zendai Property'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 )
	=	182.93	/	185.216
	=	0.99

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.

Shanghai Zendai Property Inventory Turnover Related Terms

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Shanghai Zendai Property Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shanghai Zendai Property Ltd (HKSE:00755) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

18 Harbour Road, Unit 6508, 65th Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

http://www.zendaiproperty.com

Shanghai Zendai Property Ltd is an investment holding company engaged in the property development business. It is organized into three operating segments which comprise Sales of properties; Hotel operations; and Property rental, management, and agency services. The majority of its revenue is derived from the Sales of properties segment. All of the group's revenues are derived from the People's Republic of China.

Executives

China Orient Asset Management (international) Holding Limited	2106 Person having a security interest in shares
China Orient Asset Management Co., Ltd.	2201 Interest of corporation controlled by you
Dong Yin Development (holdings) Limited	2201 Interest of corporation controlled by you
Wise Leader Assets Ltd.	2201 Interest of corporation controlled by you
Nantong Sanjian Holding (hk) Co., Limited	2101 Beneficial owner
Nan Tong San Jian Kong Gu You Xian Gong Si	2106 Person having a security interest in shares

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