Golden Wheel Tiandi Holdings Co (HKSE:01232) Inventory Turnover : 0.11 (As of Jun. 2024)

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What is Golden Wheel Tiandi Holdings 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. Golden Wheel Tiandi Holdings Co's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$382.3 Mil. Golden Wheel Tiandi Holdings Co's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$3,472.0 Mil. Golden Wheel Tiandi Holdings Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Golden Wheel Tiandi Holdings Co's Days Inventory for the six months ended in Jun. 2024 was 1,657.48.

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. Golden Wheel Tiandi Holdings Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 7.50.

Golden Wheel Tiandi Holdings Co Inventory Turnover Historical Data

The historical data trend for Golden Wheel Tiandi Holdings 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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Golden Wheel Tiandi Holdings Co Inventory Turnover Chart

Golden Wheel Tiandi Holdings Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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0.18

0.28

0.47

0.53

0.27

Golden Wheel Tiandi Holdings Co 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															0.24	0.14	0.38	0.11	0.17

Golden Wheel Tiandi Holdings Co Inventory Turnover Calculation

Golden Wheel Tiandi Holdings 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 )
=	2533.374	/ (	(5776.071	+	3834.523)	/	2 )
=	2533.374	/	4805.297
=	0.53

Golden Wheel Tiandi Holdings 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 )
=	382.294	/ (	(3834.523	+	3109.533)	/	2 )
=	382.294	/	3472.028
=	0.11

Golden Wheel Tiandi Holdings Co (HKSE:01232) 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.

Golden Wheel Tiandi Holdings 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
	=	3472.028	/	382.294	*	365 / 2
	=	1,657.48

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.

Golden Wheel Tiandi Holdings 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 )
	=	3472.028	/	462.642
	=	7.50

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.

Golden Wheel Tiandi Holdings Co Inventory Turnover Related Terms

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Golden Wheel Tiandi Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Golden Wheel Tiandi Holdings Co Ltd (HKSE:01232) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 8, Hanzhong Road, 33rd Floor, Golden Wheel International Plaza, Nanjing, CHN

Website

https://www.gwtd.com.hk

Golden Wheel Tiandi Holdings Co Ltd is an investment holding company. Through its subsidiaries, it is engaged in four segments namely Property development which involves the development and sale of properties, Property leasing which involves Property leasing (including the lease of self-owned properties and sub-lease of rented properties), and hotel operation. The majority of its revenue comes from the sale of the group's developed properties. Its geographical segments are Mainland China and Hong Kong, of which its revenue comes from Mainland China.

Executives

Wong Kam Fai	2101 Beneficial owner
Wong Kam Keung Barry	2101 Beneficial owner
Janata Suwita
Wong Yam Yin
Golden Wheel Realty Company Limited	2101 Beneficial owner
Hung So Ling	2201 Interest of corporation controlled by you

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