China SCE Group Holdings (HKSE:01966) Inventory Turnover : 0.08 (As of Jun. 2023)

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What is China SCE 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. China SCE Group Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$8,790 Mil. China SCE Group Holdings's Average Total Inventories for the quarter that ended in Jun. 2023 was HK$107,089 Mil. China SCE Group Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China SCE Group Holdings's Days Inventory for the six months ended in Jun. 2023 was 2,223.51.

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. China SCE Group Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 10.33.

China SCE Group Holdings Inventory Turnover Historical Data

The historical data trend for China SCE 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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China SCE Group Holdings Inventory Turnover Chart

China SCE Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.35

0.39

0.35

0.22

0.19

China SCE Group Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.16	0.12	0.11	0.08	0.11

China SCE Group Holdings Inventory Turnover Calculation

China SCE Group Holdings'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 )
=	24885.741	/ (	(120177.881	+	108897.268)	/	2 )
=	24885.741	/	114537.5745
=	0.22

China SCE Group Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	8789.593	/ (	(108897.268	+	105280.357)	/	2 )
=	8789.593	/	107088.8125
=	0.08

China SCE Group Holdings (HKSE:01966) 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.

China SCE Group Holdings's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	107088.8125	/	8789.593	*	365 / 2
	=	2,223.51

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.

China SCE Group Holdings's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	107088.8125	/	10371.086
	=	10.33

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.

China SCE Group Holdings Inventory Turnover Related Terms

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China SCE Group Holdings (HKSE:01966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China SCE Group Holdings Ltd (HKSE:01966) » Definitions » Inventory Turnover

Traded in Other Exchanges

XSP:Germany

Address

No. 2, Lane 1688, Shenchang Road, SCE Tower, Hongqiao Business District, Shanghai, CHN

Website

https://www.sce-re.com

China SCE Group Holdings Ltd is engaged in property development, commercial management, property management and long-term rental apartments business. The company has a regionally focused development strategy in the Yangtze River Delta Economic Zone, the Bohai Rim Economic Zone, the Guangdong-Hong Kong-Macao Greater Bay Area, the West Taiwan Strait Economic Zone and the Central Western Region. The group has property projects including high-rise residential buildings, offices, shopping malls and long-term rental apartments.

Executives

Wong Chiu Yeung	2201 Interest of corporation controlled by you
Newup Holdings Limited	2101 Beneficial owner
Rising Trade Holdings Limited	2101 Beneficial owner
Wealthy Gate Holdings Limited	2101 Beneficial owner
Chen Yuanlai	2201 Interest of corporation controlled by you
Cheng Hiu Lok	2201 Interest of corporation controlled by you
Keen Century Investments Limited	2101 Beneficial owner
East Waves Investments Limited	2101 Beneficial owner

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