Zhongmiao Holdings (Qingdao) Co (HKSE:01471) Inventory Turnover : 0.00 (As of Jun. 2024)

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What is Zhongmiao Holdings (Qingdao) 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. Zhongmiao Holdings (Qingdao) Co's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$55.2 Mil. Zhongmiao Holdings (Qingdao) Co's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhongmiao Holdings (Qingdao) Co's Days Inventory for the six months ended in Jun. 2024 was 0.00.

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. Zhongmiao Holdings (Qingdao) Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.00.

Zhongmiao Holdings (Qingdao) Co Inventory Turnover Historical Data

The historical data trend for Zhongmiao Holdings (Qingdao) 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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Zhongmiao Holdings (Qingdao) Co Inventory Turnover Chart

Zhongmiao Holdings (Qingdao) Co Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

Zhongmiao Holdings (Qingdao) Co Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	-	-	-	-	-

Zhongmiao Holdings (Qingdao) Co Inventory Turnover Calculation

Zhongmiao Holdings (Qingdao) 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 )
=	108.829	/ (	(0	+	0)	/	1 )
=	108.829	/	0
=	N/A

Zhongmiao Holdings (Qingdao) 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 )
=	55.171	/ (	(0	+	0)	/	1 )
=	55.171	/	0
=	N/A

Zhongmiao Holdings (Qingdao) Co (HKSE:01471) 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.

Zhongmiao Holdings (Qingdao) 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
	=	0	/	55.171	*	365 / 2
	=	0.00

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.

Zhongmiao Holdings (Qingdao) 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 )
	=	0	/	95.227
	=	0.00

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.

Zhongmiao Holdings (Qingdao) Co Inventory Turnover Related Terms

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Zhongmiao Holdings (Qingdao) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zhongmiao Holdings (Qingdao) Co Ltd (HKSE:01471) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Haier Road, Laoshan District, Shandong, Qingdao, CHN

Website

https://www.haierbx.net

Zhongmiao Holdings (Qingdao) Co Ltd is engaged in providing insurance agency service, IT services, and consulting services in the PRC. The company is primarily engaged in providing IT services. The company derives maximum revenue from the Insurance Agency business. The company is dedicated to distributing different insurance products covering (i) property insurance products, (ii) life and health insurance products, (iii) accident insurance products, and (iv) automobile insurance products, to both corporate and household insurance clients.

Executives

Qu Pengcheng

Zhongmiao Holdings (Qingdao) Co Headlines

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