Jingrui Holdings (HKSE:01862) Inventory Turnover : 0.12 (As of Jun. 2024)

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What is Jingrui 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. Jingrui Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$2,504 Mil. Jingrui Holdings's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$21,722 Mil. Jingrui Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jingrui Holdings's Days Inventory for the six months ended in Jun. 2024 was 1,583.09.

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. Jingrui Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 8.18.

Jingrui Holdings Inventory Turnover Historical Data

The historical data trend for Jingrui 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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Jingrui Holdings Inventory Turnover Chart

Jingrui Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.58

0.45

0.39

0.27

0.29

Jingrui Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.07	0.19	0.10	0.19	0.12

Jingrui Holdings Inventory Turnover Calculation

Jingrui 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 )
=	7470.684	/ (	(28803.437	+	22947.059)	/	2 )
=	7470.684	/	25875.248
=	0.29

Jingrui Holdings'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 )
=	2504.125	/ (	(22947.059	+	20496.919)	/	2 )
=	2504.125	/	21721.989
=	0.12

Jingrui Holdings (HKSE:01862) 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.

Jingrui Holdings'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
	=	21721.989	/	2504.125	*	365 / 2
	=	1,583.09

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.

Jingrui Holdings'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 )
	=	21721.989	/	2655.07
	=	8.18

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.

Jingrui Holdings Inventory Turnover Related Terms

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Jingrui Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Jingrui Holdings Ltd (HKSE:01862) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

207 Songhong Road, 8th Floor, Building B, BenQ Plaza, Shanghai, CHN

Website

https://www.jingruis.com

Jingrui Holdings Ltd is an investment holding company engaged in the development of an investment in real estate projects as well as the management of properties. It manages its business through three operating segments based on its products and services: The property development platform segment, which derives the majority of revenue, engages in real estate development in the PRC and the Capital platform invests in office buildings and apartments in the PRC for their rental income potential and/or for capital appreciation; and All other platforms, including property management platform which provides management and security services to residential and commercial properties in the PRC, the property design and decoration platform, investment platform and other miscellaneous businesses.

Executives

Yan Hao	2307 Founder of a discretionary trust who can infl
Beyond Wisdom Limited	2101 Beneficial owner
Yan Trust	2301 Trustee
Chen Xin Ge	2307 Founder of a discretionary trust who can infl
Cantrust (far East) Limited	2301 Trustee
New Decent King Investment Limited	2201 Interest of corporation controlled by you
Sunny King International Limited	2101 Beneficial owner

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