Ronshine Service Holding Co (HKSE:02207) Inventory Turnover : 288.44 (As of Dec. 2023)

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What is Ronshine Service Holding 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. Ronshine Service Holding Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$410.2 Mil. Ronshine Service Holding Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1.4 Mil. Ronshine Service Holding Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 288.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ronshine Service Holding Co's Days Inventory for the six months ended in Dec. 2023 was 0.63.

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. Ronshine Service Holding Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Ronshine Service Holding Co Inventory Turnover Historical Data

The historical data trend for Ronshine Service Holding 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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Ronshine Service Holding Co Inventory Turnover Chart

Ronshine Service Holding Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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414.65

390.03

416.47

Ronshine Service Holding Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial					213.87	183.31	192.16	269.67	288.44

Ronshine Service Holding Co Inventory Turnover Calculation

Ronshine Service Holding 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 )
=	797.13	/ (	(1.927	+	1.901)	/	2 )
=	797.13	/	1.914
=	416.47

Ronshine Service Holding 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 )
=	410.159	/ (	(0.943	+	1.901)	/	2 )
=	410.159	/	1.422
=	288.44

Ronshine Service Holding Co (HKSE:02207) 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.

Ronshine Service Holding 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
	=	1.422	/	410.159	*	365 / 2
	=	0.63

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.

Ronshine Service Holding 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 )
	=	1.422	/	506.576
	=	0.00

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.

Ronshine Service Holding Co Inventory Turnover Related Terms

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Ronshine Service Holding Co (HKSE:02207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ronshine Service Holding Co Ltd (HKSE:02207) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Lane 226 Panyang Road, Room 401-3, Building No. 6, Minhang District, Shanghai, CHN

Website

http://www.rxswy.com

Ronshine Service Holding Co Ltd is principally engaged in the provision of property management services and related value-added services, including pre-delivery services, household assistance services, sales services, and other services in China. The company derives a majority of its revenue from the People's Republic of China.

Executives

Ou Zonghong	2307 Founder of a discretionary trust who can infl
Hsbc International Trustee Limited	2301 Trustee
Rongan Juxiang Co., Ltd	2201 Interest of corporation controlled by you
Rongxin Yipin Co., Ltd	2101 Beneficial owner
Fumei International Co., Ltd	2101 Beneficial owner

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