Shandong International Trust Co (HKSE:01697) Inventory Turnover : 0.00 (As of Jun. 2024)

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What is Shandong International Trust 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. Shandong International Trust Co's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$79.8 Mil. Shandong International Trust 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. Shandong International Trust 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. Shandong International Trust Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.00.

Shandong International Trust Co Inventory Turnover Historical Data

The historical data trend for Shandong International Trust 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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Shandong International Trust Co Inventory Turnover Chart

Shandong International Trust Co Annual Data

Trend

Dec14

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Dec17

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Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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Shandong International Trust Co Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial													-	-	-	-	-

Shandong International Trust Co Inventory Turnover Calculation

Shandong International Trust 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 )
=	139.885	/ (	(0	+	0)	/	1 )
=	139.885	/	0
=	N/A

Shandong International Trust 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 )
=	79.816	/ (	(0	+	0)	/	1 )
=	79.816	/	0
=	N/A

Shandong International Trust Co (HKSE:01697) 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.

Shandong International Trust 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	/	79.816	*	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.

Shandong International Trust 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	/	337.684
	=	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.

Shandong International Trust Co Inventory Turnover Related Terms

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Shandong International Trust Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Shandong International Trust Co Ltd (HKSE:01697) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2788 Aoti West Road, Partial area of 1/F, 2/F and 13/F, 32-35/F and 40/F, Tower A, Lixia District, Shandong Province, Jinan, CHN, 250101

Website

http://www.sitic.com.cn

Shandong International Trust Co Ltd provides financial and wealth management services. The company's business includes capital trust, asset trust, investment bank, asset management, and securities investment funds. It has two business segments: trust business and proprietary business. It has three business divisions, namely capital market, wealth management, and family trust, and developed asset service trusts, asset management trusts, and public welfare charitable trusts It has developed a broad range of trust products to meet the financing, investment, wealth management, and succession needs of its various types of clients.

Executives

Qing Dao Quan Qiu Cai Fu Zhong Xin Kai Fa Jian She You Xian Gong Si	2101 Beneficial owner
Qing Dao Shi Lao Shan Qu Cai Zheng Ju	2201 Interest of corporation controlled by you
Zhang Xin Ji Jin Guan Li You Xian Ze Ren Gong Si	2301 Trustee
Ji Nan Shi Ren Min Zheng Fu Guo You Zi Chan Jian Du Guan Li Wei Yuan Hui	2201 Interest of corporation controlled by you
Ji Nan Jin Rong Kong Gu Ji Tuan You Xian Gong Si	2101 Beneficial owner
China Create Capital Limited	2101 Beneficial owner
Hwabao Trust Co., Ltd	2301 Trustee
Shan Dong Fa Zhan Tou Zi Kong Gu Ji Tuan You Xian Gong Si

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