Shing Chi Holdings (HKSE:01741) Inventory Turnover : 26.07 (As of Mar. 2024)

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What is Shing Chi 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. Shing Chi Holdings's Cost of Goods Sold for the six months ended in Mar. 2024 was HK$74.5 Mil. Shing Chi Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was HK$2.9 Mil. Shing Chi Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 26.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shing Chi Holdings's Days Inventory for the six months ended in Mar. 2024 was 7.00.

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. Shing Chi Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

Shing Chi Holdings Inventory Turnover Historical Data

The historical data trend for Shing Chi 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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Shing Chi Holdings Inventory Turnover Chart

Shing Chi Holdings Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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1,107.63

981.26

280.05

134.05

63.76

Shing Chi Holdings Semi-Annual Data
	Sep15	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial												71.06	44.33	40.34	29.30	26.07

Shing Chi Holdings Inventory Turnover Calculation

Shing Chi Holdings's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	163.205	/ (	(2.222	+	2.897)	/	2 )
=	163.205	/	2.5595
=	63.76

Shing Chi Holdings'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	74.469	/ (	(2.897	+	2.815)	/	2 )
=	74.469	/	2.856
=	26.07

Shing Chi Holdings (HKSE:01741) 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.

Shing Chi Holdings's Days Inventory for the six 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
	=	2.856	/	74.469	*	365 / 2
	=	7.00

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.

Shing Chi Holdings'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 )
	=	2.856	/	92.109
	=	0.03

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.

Shing Chi Holdings Inventory Turnover Related Terms

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Shing Chi Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shing Chi Holdings Ltd (HKSE:01741) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nos. 317-319 Des Voeux Road Central, 6/F, Kai Tak Commercial Building, Sheung Wan, Hong Kong, HKG

Website

https://www.riyingholding.com

Shing Chi Holdings Ltd formerly Ri Ying Holdings Ltd is an investment holding company. The company's operating segments include foundation and site formation works, general building works and associated services, other construction works, health management and consultancy business, and construction related consultancy services. It generates maximum revenue from Foundation and site formation work segment and geographically from Hong Kong.

Executives

Leaf Cove Limited	2101 Beneficial owner
Sun Wei	2201 Interest of corporation controlled by you
Sun Yaru	2101 Beneficial owner
Elite Bright Developments Limited	2101 Beneficial owner
Kwong Shun Man Jessie	2202 Interest of your spouse
Lau Chi Keung	2201 Interest of corporation controlled by you
Liu Zhiming	2201 Interest of corporation controlled by you
Lau Chi Wang	2201 Interest of corporation controlled by you
Ng Kooi Har	2202 Interest of your spouse
Ng Lai Mui Theresa	2202 Interest of your spouse

Shing Chi Holdings Headlines

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