Glory Health Industry (HKSE:02329) Inventory Turnover : 0.08 (As of Dec. 2024)

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What is Glory Health Industry 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. Glory Health Industry's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$1,702 Mil. Glory Health Industry's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$22,518 Mil. Glory Health Industry's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Glory Health Industry's Days Inventory for the six months ended in Dec. 2024 was 2,413.79.

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. Glory Health Industry's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 12.28.

Glory Health Industry Inventory Turnover Historical Data

The historical data trend for Glory Health Industry'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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Glory Health Industry Inventory Turnover Chart

Glory Health Industry Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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0.13

0.30

0.14

0.11

0.10

Glory Health Industry Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.03	0.05	0.06	0.03	0.08

Glory Health Industry Inventory Turnover Calculation

Glory Health Industry's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	2295.247	/ (	(24263.813	+	22325.781)	/	2 )
=	2295.247	/	23294.797
=	0.10

Glory Health Industry's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	1702.495	/ (	(22709.548	+	22325.781)	/	2 )
=	1702.495	/	22517.6645
=	0.08

Glory Health Industry (HKSE:02329) 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.

Glory Health Industry's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	22517.6645	/	1702.495	*	365 / 2
	=	2,413.79

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.

Glory Health Industry's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	22517.6645	/	1834.125
	=	12.28

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.

Glory Health Industry Inventory Turnover Related Terms

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Glory Health Industry Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Glory Health Industry Ltd (HKSE:02329) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 8 Yard, Chongwenmenwai Street, Building 1, East Block, Hademen Plaza, Dongcheng District, Beijing, CHN, 100062

Website

http://www.glorypty.com

Glory Health Industry Ltd formerly Guorui Properties Ltd is an investment holding company. The company's operating segments are Property development that develops and sells commercial and residential properties; primary land construction and development services that derive revenue from primary land development, including services for resettlement, construction of land infrastructure, and ancillary public facilities on land owned by the local governments; Property investment that derives rental income from investment properties developed by the group; and Property management that derive income from property management and related services. The majority of the revenue is derived from the Property development segment. All the revenue of the company is derived from the PRC.

Executives

Alltogether Land Company Limited	2101 Beneficial owner
Ruan Wenjuan	2202 Interest of your spouse
Zhang Zhangsun	2201 Interest of corporation controlled by you

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