Yincheng Life Service Co (HKSE:01922) Inventory Turnover : 101.15 (As of Dec. 2023)

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What is Yincheng Life Service 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 Life Service Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$947 Mil. Yincheng Life Service Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$9 Mil. Yincheng Life Service Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 101.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yincheng Life Service Co's Days Inventory for the six months ended in Dec. 2023 was 1.80.

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 Life Service Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Yincheng Life Service Co Inventory Turnover Historical Data

The historical data trend for Yincheng Life Service 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 Life Service Co Inventory Turnover Chart

Yincheng Life Service Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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769.81

281.32

273.01

302.48

243.62

Yincheng Life Service Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial								175.80	147.00	132.62	105.68	101.15

Yincheng Life Service Co Inventory Turnover Calculation

Yincheng Life Service 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 )
=	1821.307	/ (	(6.39	+	8.562)	/	2 )
=	1821.307	/	7.476
=	243.62

Yincheng Life Service Co'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 )
=	946.846	/ (	(10.16	+	8.562)	/	2 )
=	946.846	/	9.361
=	101.15

Yincheng Life Service Co (HKSE:01922) 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 Life Service Co'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
	=	9.361	/	946.846	*	365 / 2
	=	1.80

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 Life Service Co'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 )
	=	9.361	/	1122.726
	=	0.01

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 Life Service Co Inventory Turnover Related Terms

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Yincheng Life Service Co (HKSE:01922) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Yincheng Life Service Co Ltd (HKSE:01922) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

289 Jiangdong Avenue North, 5th Floor, Block A Yincheng Plaza, Jiangsu Province, Nanjing, CHN

Website

http://www.yinchenglife.hk

Yincheng Life Service Co Ltd is a property management service provider. It provides diversified property management services and value-added services for living communities. The business covers a wide range of properties, including residential and non-residential properties such as government facilities, financial institutions, property sales offices, hospitals, commercial complex, parks, highway service areas.

Executives

First Beijing Investment Limited	2102 Investment manager
Silver Huang Holding Limited	2101 Beneficial owner
Huang Qingping	2201 Interest of corporation controlled by you
Hongkong Ruihua Investment Management Limited	2101 Beneficial owner
Zhang Jianbin	2201 Interest of corporation controlled by you
Jiang Su Rui Hua Tou Zi Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Silver Zhu Holding Limited	2101 Beneficial owner
Zhu Linnan	2201 Interest of corporation controlled by you

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