Shineroad International Holdings (HKSE:01587) Inventory Turnover : 5.76 (As of Dec. 2024)

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What is Shineroad International 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. Shineroad International Holdings's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$314.5 Mil. Shineroad International Holdings's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$54.6 Mil. Shineroad International Holdings's Inventory Turnover for the quarter that ended in Dec. 2024 was 5.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shineroad International Holdings's Days Inventory for the six months ended in Dec. 2024 was 31.70.

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. Shineroad International Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.14.

Shineroad International Holdings Inventory Turnover Historical Data

The historical data trend for Shineroad International 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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Shineroad International Holdings Inventory Turnover Chart

Shineroad International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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9.38

12.93

7.65

7.49

9.81

Shineroad International Holdings Semi-Annual Data
	Dec15	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													3.11	3.21	4.46	4.42	5.76

Shineroad International Holdings Inventory Turnover Calculation

Shineroad International Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	572.3	/ (	(62.462	+	54.19)	/	2 )
=	572.3	/	58.326
=	9.81

Shineroad International Holdings's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	314.53	/ (	(55.082	+	54.19)	/	2 )
=	314.53	/	54.636
=	5.76

Shineroad International Holdings (HKSE:01587) 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.

Shineroad International Holdings's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	54.636	/	314.53	*	365 / 2
	=	31.70

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.

Shineroad International Holdings's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	54.636	/	387.612
	=	0.14

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.

Shineroad International Holdings Inventory Turnover Related Terms

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Shineroad International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Shineroad International Holdings Ltd (HKSE:01587) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 1040, Caoyang Road, Zhongyou Building, 25th Floor South, Block 1, Putuo District, Shanghai, CHN

Website

https://www.shineroad.com

Shineroad International Holdings Ltd is a distributor in the food ingredients and additives distribution industry with the capabilities to provide food ingredients application solutions to its customers. The company supplies its extensive portfolio of various food ingredients and food additives to food manufacturers in the PRC, Vietnam, and Thailand. It has one reportable segment which is the distribution of food ingredients and food additives. Its products are classified into food ingredients, food additives, and packaging materials. The Company derives its revenue mainly from the distribution of food ingredients and food additives in the PRC.

Executives

Asian Equity Special Opportunities Portfolio Master Fund Limited	2101 Beneficial owner
Rays Capital Partners Limited	2102 Investment manager
Ruan David Ching Chi	2201 Interest of corporation controlled by you
Chen Dongying	2202 Interest of your spouse
Huang Haixiao	2201 Interest of corporation controlled by you
Ocean Town Company Limited	2201 Interest of corporation controlled by you
Shineroad Group Limited	2101 Beneficial owner

Shineroad International Holdings Headlines

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