Shenzhou International Group Holdings (HKSE:02313) Inventory Turnover : 1.60 (As of Dec. 2023)

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What is Shenzhou International 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. Shenzhou International Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$10,875 Mil. Shenzhou International Group Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$6,806 Mil. Shenzhou International Group Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhou International Group Holdings's Days Inventory for the six months ended in Dec. 2023 was 114.21.

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. Shenzhou International Group Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.46.

Shenzhou International Group Holdings Inventory Turnover Historical Data

The historical data trend for Shenzhou International 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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Shenzhou International Group Holdings Inventory Turnover Chart

Shenzhou International Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.97

3.24

3.20

3.02

Shenzhou International 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															1.57	1.42	1.53	1.41	1.60

Shenzhou International Group Holdings Inventory Turnover Calculation

Shenzhou International Group Holdings'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 )
=	20683.267	/ (	(6991.531	+	6699.106)	/	2 )
=	20683.267	/	6845.3185
=	3.02

Shenzhou International Group Holdings'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 )
=	10875.288	/ (	(6912.141	+	6699.106)	/	2 )
=	10875.288	/	6805.6235
=	1.60

Shenzhou International Group Holdings (HKSE:02313) 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.

Shenzhou International Group Holdings'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
	=	6805.6235	/	10875.288	*	365 / 2
	=	114.21

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.

Shenzhou International Group Holdings'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 )
	=	6805.6235	/	14665.201
	=	0.46

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.

Shenzhou International Group Holdings Inventory Turnover Related Terms

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Shenzhou International Group Holdings (HKSE:02313) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shenzhou International Group Holdings Ltd (HKSE:02313) » Definitions » Inventory Turnover

Traded in Other Exchanges

SHZHY:USA SZHIF:USA S6L:Germany

Address

18 Yongjiang Road, Ningbo Economic and Technical Development Zone, Zhejiang Province, Ningbo, CHN

Website

http://www.shenzhouintl.com

Shenzhou is the largest vertically integrated knitwear manufacturer in the world. The group mainly produces sportswear (74% of 2021 revenue), casual wear (20% of 2021 revenue), and lingerie (4% of 2021 revenue) for international clients such as Nike, Adidas, Puma, and Uniqlo. Mainland China is the company's largest market, accounting for 32% of sales in 2021. This is followed by Europe, the U.S. and Japan. Shenzhou currently operates manufacturing plants in China, Cambodia, and Vietnam.

Shenzhou International Group Holdings (HKSE:02313) Headlines

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