Sinic Holdings (Group) Co (HKSE:02103) Inventory Turnover : 0.16 (As of Jun. 2021)

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What is Sinic Holdings (Group) 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. Sinic Holdings (Group) Co's Cost of Goods Sold for the six months ended in Jun. 2021 was HK$10,607 Mil. Sinic Holdings (Group) Co's Average Total Inventories for the quarter that ended in Jun. 2021 was HK$64,807 Mil. Sinic Holdings (Group) Co's Inventory Turnover for the quarter that ended in Jun. 2021 was 0.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sinic Holdings (Group) Co's Days Inventory for the six months ended in Jun. 2021 was 1,115.02.

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. Sinic Holdings (Group) Co's Inventory-to-Revenue for the quarter that ended in Jun. 2021 was 4.78.

Sinic Holdings (Group) Co Inventory Turnover Historical Data

The historical data trend for Sinic Holdings (Group) 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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Sinic Holdings (Group) Co Inventory Turnover Chart

Sinic Holdings (Group) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory Turnover

0.15

0.17

0.13

0.38

0.44

Sinic Holdings (Group) Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Inventory Turnover	Get a 7-Day Free Trial			0.10	0.28	0.12	0.32	0.16

Sinic Holdings (Group) Co Inventory Turnover Calculation

Sinic Holdings (Group) Co's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	25142.304	/ (	(57629.683	+	56679.258)	/	2 )
=	25142.304	/	57154.4705
=	0.44

Sinic Holdings (Group) Co's Inventory Turnover for the quarter that ended in Jun. 2021 is calculated as

	Inventory Turnover (Q: Jun. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2021 )	/ (	(Total Inventories (Q: Dec. 2020 )	+	Total Inventories (Q: Jun. 2021 ))	/	count )
=	10607.264	/ (	(56679.258	+	72934.932)	/	2 )
=	10607.264	/	64807.095
=	0.16

Sinic Holdings (Group) Co (HKSE:02103) 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.

Sinic Holdings (Group) Co's Days Inventory for the six months ended in Jun. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2021 )	/	Cost of Goods Sold (Q: Jun. 2021 )	*	Days in Period
	=	64807.095	/	10607.264	*	365 / 2
	=	1,115.02

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.

Sinic Holdings (Group) Co's Inventory to Revenue for the quarter that ended in Jun. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2021 )	/	Revenue (Q: Jun. 2021 )
	=	64807.095	/	13552.994
	=	4.78

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.

Sinic Holdings (Group) Co Inventory Turnover Related Terms

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Sinic Holdings (Group) Co (HKSE:02103) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sinic Holdings (Group) Co Ltd (HKSE:02103) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 988 ShenChang Road, 7th Floor, HongQiao Vanke Center T6, MinHang District, Shanghai, CHN

Website

http://www.sinicdc.com

Sinic Holdings (Group) Co Ltd is a Cayman Islands-based property developer. It is engaged in the development of residential and commercial properties. The company offers property development, property leasing, and the provision of management consulting services. It generates revenue through the sale of properties and mainly operates in Mainland China.

Executives

Zhang Yuanlin	2101 Beneficial owner
Wu Chengping	2202 Interest of your spouse
Honoured Ever Oriental Holdings Limited	2201 Interest of corporation controlled by you
Sinic Group Company Limited	2201 Interest of corporation controlled by you
Sinic Holdings Group Company Limited	2101 Beneficial owner
Tmf (cayman) Ltd.	2301 Trustee
Xin Hong Company Limited	2201 Interest of corporation controlled by you

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