Grand Ming Group Holdings (HKSE:01271) Inventory Turnover : 0.05 (As of Sep. 2023)

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What is Grand Ming Group 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. Grand Ming Group Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$94.3 Mil. Grand Ming Group Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$1,786.0 Mil. Grand Ming Group Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grand Ming Group Holdings's Days Inventory for the six months ended in Sep. 2023 was 3,455.29.

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. Grand Ming Group Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 9.32.

Grand Ming Group Holdings Inventory Turnover Historical Data

The historical data trend for Grand Ming Group 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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Grand Ming Group Holdings Inventory Turnover Chart

Grand Ming Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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0.17

0.31

0.42

0.21

1.03

Grand Ming Group Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.15	0.07	1.03	0.08	0.05

Grand Ming Group Holdings Inventory Turnover Calculation

Grand Ming Group Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	3016.788	/ (	(4133.991	+	1727.828)	/	2 )
=	3016.788	/	2930.9095
=	1.03

Grand Ming Group Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	94.333	/ (	(1727.828	+	1844.202)	/	2 )
=	94.333	/	1786.015
=	0.05

Grand Ming Group Holdings (HKSE:01271) 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.

Grand Ming Group Holdings's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	1786.015	/	94.333	*	365 / 2
	=	3,455.29

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.

Grand Ming Group Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1786.015	/	191.702
	=	9.32

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.

Grand Ming Group Holdings Inventory Turnover Related Terms

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Grand Ming Group Holdings (HKSE:01271) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Grand Ming Group Holdings Ltd (HKSE:01271) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 39 Chatham Road South, 22nd Floor, Railway Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.grandming.com.hk

Grand Ming Group Holdings Ltd is an investment holding company. The segments in which the company operates include Construction is a key revenue driver, which includes contracts for residential buildings, commercial buildings, and data centers; Property leasing, which includes leasing of data centers; and Property development segment includes the development and sale of properties. All of its activities are carried out in Hong Kong.

Executives

Lau Chi Wah	2101 Beneficial owner
Chan Hm Company Limited	2101 Beneficial owner
Chan Hung Ming	2201 Interest of corporation controlled by you
Lau Cw Company Limited	2101 Beneficial owner
Cheung Shuk Fong	2202 Interest of your spouse

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