Man Shun Group (Holdings) (HKSE:01746) Inventory Turnover : 29.00 (As of Dec. 2023)

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What is Man Shun Group (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. Man Shun Group (Holdings)'s Cost of Goods Sold for the six months ended in Dec. 2023 was HK$73.3 Mil. Man Shun Group (Holdings)'s Average Total Inventories for the quarter that ended in Dec. 2023 was HK$2.5 Mil. Man Shun Group (Holdings)'s Inventory Turnover for the quarter that ended in Dec. 2023 was 29.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Man Shun Group (Holdings)'s Days Inventory for the six months ended in Dec. 2023 was 6.29.

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. Man Shun Group (Holdings)'s Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Man Shun Group (Holdings) Inventory Turnover Historical Data

The historical data trend for Man Shun Group (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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Man Shun Group (Holdings) Inventory Turnover Chart

Man Shun Group (Holdings) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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35.18

35.63

50.16

Man Shun Group (Holdings) Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial											19.08	14.39	15.19	20.37	29.00

Man Shun Group (Holdings) Inventory Turnover Calculation

Man Shun Group (Holdings)'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 )
=	133.743	/ (	(3.108	+	2.225)	/	2 )
=	133.743	/	2.6665
=	50.16

Man Shun Group (Holdings)'s Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	73.279	/ (	(2.829	+	2.225)	/	2 )
=	73.279	/	2.527
=	29.00

Man Shun Group (Holdings) (HKSE:01746) 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.

Man Shun Group (Holdings)'s Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	2.527	/	73.279	*	365 / 2
	=	6.29

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.

Man Shun Group (Holdings)'s Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	2.527	/	83.098
	=	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.

Man Shun Group (Holdings) Inventory Turnover Related Terms

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Man Shun Group (Holdings) (HKSE:01746) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Man Shun Group (Holdings) Ltd (HKSE:01746) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nos. 23-39 Pak Tin Par Street, Room 1908, 19th Floor, Cheung Fung Industrial Building, Tsuen Wan, New Territories, Hong Kong, HKG

Website

https://www.manshungroup.com.hk

Man Shun Group (Holdings) Ltd is an engineering and construction service provider in Hong Kong. It mainly provides HVAC electrical and mechanical (E and M) engineering services for new residential property development projects through installation services only. HVAC E and M engineering services typically involve the installation of HVAC systems, which refers to heat, ventilation and air-conditioning systems.

Executives

Prime Pinnacle Limited	2101 Beneficial owner
Chan Ho Fung	2202 Interest of your spouse
Cheng Phyllis Woon Kink	2202 Interest of your spouse
Cheung Yuen Chau	2201 Interest of corporation controlled by you
Cheung Yuen Tung	2201 Interest of corporation controlled by you

Man Shun Group (Holdings) (HKSE:01746) Headlines

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