Red Star Macalline Group (HKSE:01528) Inventory Turnover : 6.69 (As of Mar. 2024)

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What is Red Star Macalline 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. Red Star Macalline Group's Cost of Goods Sold for the three months ended in Mar. 2024 was HK$1,167 Mil. Red Star Macalline Group's Average Total Inventories for the quarter that ended in Mar. 2024 was HK$175 Mil. Red Star Macalline Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Red Star Macalline Group's Days Inventory for the three months ended in Mar. 2024 was 13.64.

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. Red Star Macalline Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.08.

Red Star Macalline Group Inventory Turnover Historical Data

The historical data trend for Red Star Macalline 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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Red Star Macalline Group Inventory Turnover Chart

Red Star Macalline Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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19.52

17.15

16.55

15.95

19.12

Red Star Macalline Group Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															4.55	2.53	7.22	5.21	6.69

Red Star Macalline Group Inventory Turnover Calculation

Red Star Macalline 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 )
=	4902.021	/ (	(338.218	+	174.473)	/	2 )
=	4902.021	/	256.3455
=	19.12

Red Star Macalline Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1167.42	/ (	(174.473	+	174.627)	/	2 )
=	1167.42	/	174.55
=	6.69

Red Star Macalline Group (HKSE:01528) 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.

Red Star Macalline Group's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	174.55	/	1167.42	*	365 / 4
	=	13.64

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.

Red Star Macalline Group's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	174.55	/	2293.768
	=	0.08

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.

Red Star Macalline Group Inventory Turnover Related Terms

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Red Star Macalline Group (HKSE:01528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Red Star Macalline Group Corp Ltd (HKSE:01528) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

601828:China

Address

No. 2/5, Lane 1466, Shenchang Road, Minhang District, Shanghai, CHN

Website

https://www.chinaredstar.com

Red Star Macalline Group Corp Ltd operates home improvement and furnishings shopping malls in China. It has various segments.Owned/Leased Portfolio Shopping Malls segment, which is the key revenue driver, leases floor areas to the tenants and provides management support to them. Managed Shopping Malls segment provides initiation, consultation, and management services to its partners and construction contractors to develop and manage the shopping malls under its own brand. The Construction and design segment provides building installation and decorating services in shopping malls. Sales of merchandise and related services segment include retail sales of home furnishing merchandise and providing related decorating services. All of its revenues are derived from the PRC.

Executives

Taobao China Holding Limited	2101 Beneficial owner
Taobao Holding Limited	2201 Interest of corporation controlled by you
Alibaba Investment Limited	2201 Interest of corporation controlled by you
New Retail Strategic Opportunities Fund Gp, L.p.	2201 Interest of corporation controlled by you
New Retail Strategic Opportunities Fund, L.p.	2201 Interest of corporation controlled by you
New Retail Strategic Opportunities Gp Limited	2201 Interest of corporation controlled by you
New Retail Strategic Opportunities Investments 4 Limited	2101 Beneficial owner
Alibaba Group Holding Limited	2201 Interest of corporation controlled by you
Wong Man Li	2201 Interest of corporation controlled by you
Hui Wai Hing	2202 Interest of your spouse
Man Wah Investments Limited	2101 Beneficial owner
Ubs Trustees (b.v.i.) Limited	2301 Trustee
Xi Xi Development Limited	2201 Interest of corporation controlled by you
New Fortune Star Limited	2201 Interest of corporation controlled by you
Wong Luen Hei	2307 Founder of a discretionary trust who can infl

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