Kangqiao Service Group (HKSE:02205) Inventory Turnover : 49.89 (As of Dec. 2023)

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What is Kangqiao Service Group 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. Kangqiao Service Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$416 Mil. Kangqiao Service Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$8 Mil. Kangqiao Service Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 49.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kangqiao Service Group's Days Inventory for the six months ended in Dec. 2023 was 3.66.

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. Kangqiao Service Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Kangqiao Service Group Inventory Turnover Historical Data

The historical data trend for Kangqiao Service Group'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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Kangqiao Service Group Inventory Turnover Chart

Kangqiao Service Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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539.39

549.10

95.45

Kangqiao Service Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial					483.19	241.79	312.53	280.69	49.89

Kangqiao Service Group Inventory Turnover Calculation

Kangqiao Service Group'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 )
=	780.215	/ (	(1.132	+	15.216)	/	2 )
=	780.215	/	8.174
=	95.45

Kangqiao Service Group'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 )
=	416.021	/ (	(1.463	+	15.216)	/	2 )
=	416.021	/	8.3395
=	49.89

Kangqiao Service Group (HKSE:02205) 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.

Kangqiao Service Group'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
	=	8.3395	/	416.021	*	365 / 2
	=	3.66

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.

Kangqiao Service Group'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 )
	=	8.3395	/	534.942
	=	0.02

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.

Kangqiao Service Group Inventory Turnover Related Terms

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Kangqiao Service Group (HKSE:02205) Business Description

Industry

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Address

Daxue Road, 24F, Huacheng International Center, Erqi District, Henan Province, Zhengzhou, CHN

Website

http://www.kqysh.com.cn

Kangqiao Service Group Ltd is a reputable comprehensive property managements service provider. The group is principally engaged in provision of property management services, related value-added services and city services in the PRC. The company has derived all of its revenue from the PRC. The group derives majority of its revenue from Property management services.

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