Yincheng International Holding Co (HKSE:01902) Inventory Turnover : 0.13 (As of Dec. 2022)

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What is Yincheng International Holding 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. Yincheng International Holding Co's Cost of Goods Sold for the six months ended in Dec. 2022 was HK$3,267 Mil. Yincheng International Holding Co's Average Total Inventories for the quarter that ended in Dec. 2022 was HK$25,291 Mil. Yincheng International Holding Co's Inventory Turnover for the quarter that ended in Dec. 2022 was 0.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yincheng International Holding Co's Days Inventory for the six months ended in Dec. 2022 was 1,412.84.

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. Yincheng International Holding Co's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 5.50.

Yincheng International Holding Co Inventory Turnover Historical Data

The historical data trend for Yincheng International Holding 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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Yincheng International Holding Co Inventory Turnover Chart

Yincheng International Holding Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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0.26

0.36

0.43

0.32

0.27

Yincheng International Holding Co Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Inventory Turnover	Get a 7-Day Free Trial								0.27	0.13	0.18	0.14	0.13

Yincheng International Holding Co Inventory Turnover Calculation

Yincheng International Holding Co's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	6873.75	/ (	(27194.394	+	24386.576)	/	2 )
=	6873.75	/	25790.485
=	0.27

Yincheng International Holding Co's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	3266.907	/ (	(26195.573	+	24386.576)	/	2 )
=	3266.907	/	25291.0745
=	0.13

Yincheng International Holding Co (HKSE:01902) 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.

Yincheng International Holding Co's Days Inventory for the six months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	25291.0745	/	3266.907	*	365 / 2
	=	1,412.84

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.

Yincheng International Holding Co's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	25291.0745	/	4594.62
	=	5.50

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.

Yincheng International Holding Co Inventory Turnover Related Terms

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Yincheng International Holding Co (HKSE:01902) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Yincheng International Holding Co Ltd (HKSE:01902) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

289 Jiangdongbeilu, Part of 19-21 Floors, Block A Yincheng, Nanjing, CHN

Website

http://www.yincheng.hk

Yincheng International Holding Co Ltd is a real estate developer in China and focuses on developing residential properties in the Yangtze River Delta Megalopolis, China. The company offers a wide array of residential properties, including high-rise apartments, multi-story apartments, and low-density houses, with ancillary facilities. Property development is the reportable operating segment of the Group.

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