Huafa Property Services Group Co (HKSE:00982) Inventory Turnover : 57.36 (As of Jun. 2024)

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What is Huafa Property Services Group Co 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. Huafa Property Services Group Co's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$836 Mil. Huafa Property Services Group Co's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$15 Mil. Huafa Property Services Group Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 57.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Huafa Property Services Group Co's Days Inventory for the six months ended in Jun. 2024 was 3.18.

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. Huafa Property Services Group Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.01.

Huafa Property Services Group Co Inventory Turnover Historical Data

The historical data trend for Huafa Property Services Group Co'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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Huafa Property Services Group Co Inventory Turnover Chart

Huafa Property Services Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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636.46

523.81

135.77

110.86

153.04

Huafa Property Services Group Co 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															60.48	88.05	62.73	74.01	57.36

Huafa Property Services Group Co Inventory Turnover Calculation

Huafa Property Services Group Co'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 )
=	1419.54	/ (	(9.867	+	8.684)	/	2 )
=	1419.54	/	9.2755
=	153.04

Huafa Property Services Group Co'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 )
=	836.058	/ (	(8.684	+	20.465)	/	2 )
=	836.058	/	14.5745
=	57.36

Huafa Property Services Group Co (HKSE:00982) 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.

Huafa Property Services Group Co'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
	=	14.5745	/	836.058	*	365 / 2
	=	3.18

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.

Huafa Property Services Group Co'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 )
	=	14.5745	/	1087.33
	=	0.01

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.

Huafa Property Services Group Co Inventory Turnover Related Terms

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Huafa Property Services Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Huafa Property Services Group Co Ltd (HKSE:00982) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Queen’s Road Central, Room 3605, 36/F, Cheung Kong Center, Central, Hong Kong, HKG

Website

http://www.huafapropertyservices.com

Huafa Property Services Group Co Ltd is an investment holding company and its subsidiaries are principally engaged in the provision of property management services, and hotel advisory and exhibition services in the PRC. Its operating segments of the group are Property management which involves the provision of property management services and related value-added services, including municipal supporting services and other services; and Hotel advisory and exhibition services which involves the provision of hotel advisory services, exhibition planning, and organization services. It derives prime revenue from the Property management segment. Geographically, the group derives revenue from Mainland China.

Executives

Zhu Hai Hua Fa Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhu Hai Hua Fa Shi Ye Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Idg Light Solutions Limited	2101 Beneficial owner
Ho Chi Sing	2201 Interest of corporation controlled by you
Ho Chi Sing	2201 Interest of corporation controlled by you

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