Sinomax Group (HKSE:01418) Inventory Turnover : 3.00 (As of Jun. 2024)

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What is Sinomax Group 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. Sinomax Group's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$1,495 Mil. Sinomax Group's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$499 Mil. Sinomax Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 3.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sinomax Group's Days Inventory for the six months ended in Jun. 2024 was 60.91.

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. Sinomax Group's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.25.

Sinomax Group Inventory Turnover Historical Data

The historical data trend for Sinomax Group'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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Sinomax Group Inventory Turnover Chart

Sinomax Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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4.84

5.50

4.02

5.05

6.18

Sinomax Group 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															1.87	2.31	2.85	3.00	3.21

Sinomax Group Inventory Turnover Calculation

Sinomax Group'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 )
=	2689.171	/ (	(555.271	+	508.747)	/	2 )
=	2689.171	/	532.009
=	5.05

Sinomax Group'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 )
=	1495.485	/ (	(508.747	+	489.45)	/	2 )
=	1495.485	/	499.0985
=	3.00

Sinomax Group (HKSE:01418) 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.

Sinomax Group'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
	=	499.0985	/	1495.485	*	365 / 2
	=	60.91

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.

Sinomax Group'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 )
	=	499.0985	/	2002.775
	=	0.25

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.

Sinomax Group Inventory Turnover Related Terms

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Sinomax Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Sinomax Group Ltd (HKSE:01418) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

38 Wang Chiu Road, Units 2005-2007, Level 20, Tower 1, MegaBox Enterprise Square Five, Kowloon Bay, Hong Kong, HKG

Website

https://www.sinomax.com

Sinomax Group Ltd is an investment holding company and is engaged in the manufacturing and marketing of visco-elastic health and wellness products globally. It focuses on the business of manufacture and sale of health and household products including visco-elastic pillows, mattress toppers and mattresses, and polyurethane foam, of which a majority of the revenue is generated from health and household products. Its operating segment consists of the China market, the North American market, Europe and another overseas market, and the majority of the revenue comes from the China market. Its own brands are Sinomax, Dream Serenity, Zeopedic, Homedics and others.

Executives

Lam Chi Fan	2101 Beneficial owner
Li Ching Hau	2202 Interest of your spouse
Chi Fan Holding Limited	2201 Interest of corporation controlled by you
Sinomax Enterprises Limited	2101 Beneficial owner
The James' Family Holding Limited	2201 Interest of corporation controlled by you
Vistra Trust (bvi) Limited	2301 Trustee
Cheung Shui Ying	2307 Founder of a discretionary trust who can infl

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