Tian Cheng Holdings (HKSE:02110) Inventory Turnover: 118.33 (As of Nov. 2025)

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What is Tian Cheng Holdings Inventory Turnover?

Tian Cheng Holdings HKSE:02110 Inventory Turnover is 118.33 as of Nov. 2025. The stock has 3 warning signs investors should review.

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. Tian Cheng Holdings's Cost of Goods Sold for the six months ended in Nov. 2025 was HK$74.2 Mil. Tian Cheng Holdings's Average Total Inventories for the quarter that ended in Nov. 2025 was HK$0.6 Mil. Tian Cheng Holdings's Inventory Turnover for the quarter that ended in Nov. 2025 was 118.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tian Cheng Holdings's Days Inventory for the six months ended in Nov. 2025 was 1.54.

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. Tian Cheng Holdings's Inventory-to-Revenue for the quarter that ended in Nov. 2025 was 0.01.

Tian Cheng Holdings  (HKSE:02110) 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.

Tian Cheng Holdings's Days Inventory for the six months ended in Nov. 2025 is calculated as:

Days Inventory =Average Total Inventories (Q: Nov. 2025 )/Cost of Goods Sold (Q: Nov. 2025 )*Days in Period
=0.627/74.194*365 / 2
=1.54

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.

Tian Cheng Holdings's Inventory to Revenue for the quarter that ended in Nov. 2025 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Nov. 2025 ) / Revenue (Q: Nov. 2025 )
=0.627 / 59.314
=0.01

* 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.

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.

Tian Cheng Holdings Inventory Turnover Related Terms

Tian Cheng Holdings Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Tian Cheng 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.

Tian Cheng Holdings Inventory Turnover Chart

Tian Cheng Holdings Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 345.23

Tian Cheng Holdings Semi-Annual Data
May17 May18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 163.17 118.33

Tian Cheng Holdings Inventory Turnover Calculation

Tian Cheng Holdings's Inventory Turnover for the fiscal year that ended in May. 2025 is calculated as

Inventory Turnover (A: May. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: May. 2025 ) / ((Total Inventories (A: May. 2024 ) + Total Inventories (A: May. 2025 )) / count )
=216.459 / ((0 + 0.627) / 1 )
=216.459 / 0.627
=345.23

Tian Cheng Holdings's Inventory Turnover for the quarter that ended in Nov. 2025 is calculated as

Inventory Turnover (Q: Nov. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Nov. 2025 ) / ((Total Inventories (Q: May. 2025 ) + Total Inventories (Q: Nov. 2025 )) / count )
=74.194 / ((0.627 + 0) / 1 )
=74.194 / 0.627
=118.33

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 118.33 mean?
Tian Cheng Holdings (HKSE:02110) has a Inventory Turnover of 118.33 as of Nov. 2025. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Tian Cheng Holdings and its competitors.
Is Tian Cheng Holdings' Inventory Turnover too high?
Tian Cheng Holdings' current Inventory Turnover is 118.33.
How does Tian Cheng Holdings' Inventory Turnover compare to PWR and FIX?
Tian Cheng Holdings' Inventory Turnover of 118.33 can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Construction company?
A good Inventory Turnover depends on the Construction industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Tian Cheng Holdings and its competitors. Tian Cheng Holdings's current Inventory Turnover is 118.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tian Cheng Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tian Cheng Holdings (HKSE:02110) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.10, compared to a current price of HK$0.08 — trading 18% below its estimated fair value. The current Inventory Turnover is 118.33. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Tian Cheng Holdings (HKSE:02110), the current Inventory Turnover is 118.33 as of Nov. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Tian Cheng Holdings Business Description

Address 68 Mody Road, Rooms 506-507A, Empire Centre, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Tian Cheng Holdings Ltd is a subcontractor specializing in marine construction and civil engineering projects, and engages in marine works including reclamation, sand adjustment, submarine pipeline, sedimentation, and sediment treatment. The company also provides vessel chartering and other civil engineering services such as foundation works, site formation, road, and drainage works. It operates through four segments: Marine Construction Works, Other Civil Engineering Works, Health and Wellness Services, and Vessel Chartering Services. The company generates the majority of its revenue from marine construction and operates mainly in Hong Kong and the PRC, with the majority of revenue coming from Hong Kong.