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Dowell Service Group Co (HKSE:02352) Inventory Turnover : 16.63 (As of Dec. 2023)


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What is Dowell Service Group 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. Dowell Service Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$758 Mil. Dowell Service Group Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$46 Mil. Dowell Service Group Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 16.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dowell Service Group Co's Days Inventory for the six months ended in Dec. 2023 was 10.97.

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. Dowell Service Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Dowell Service Group Co Inventory Turnover Historical Data

The historical data trend for Dowell Service Group 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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Dowell Service Group Co Inventory Turnover Chart

Dowell Service Group Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
7.34 10.19 17.07 22.11 30.32

Dowell Service Group Co Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Inventory Turnover Get a 7-Day Free Trial 9.30 8.70 12.94 14.26 16.63

Dowell Service Group Co Inventory Turnover Calculation

Dowell Service Group 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 )
=1391.349 / ((44.704 + 47.083) / 2 )
=1391.349 / 45.8935
=30.32

Dowell Service Group 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 )
=758.247 / ((44.109 + 47.083) / 2 )
=758.247 / 45.596
=16.63

* 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.

Dowell Service Group Co  (HKSE:02352) 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.

Dowell Service Group 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
=45.596/758.247*365 / 2
=10.97

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.

Dowell Service Group 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 )
=45.596 / 850.338
=0.05

* 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.

Dowell Service Group Co Inventory Turnover Related Terms

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Dowell Service Group Co (HKSE:02352) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Dowell Service Group Co Ltd (HKSE:02352) » Definitions » Inventory Turnover
Comparable Companies
HKSE:02210 HKSE:01200 HKSE:01778 HKSE:00715 HKSE:00593 HKSE:00432 HKSE:01036 HKSE:09928 HKSE:01922 HKSE:00021 CSGP CBRE XMAD:CLNX BEKE TSE:8830 HKSE:01972 SGX:9CI OSTO:AKEL D HKSE:01997 MIL:INW
Traded in Other Exchanges
N/A
Address
No. 108 Baihe Road, Room 206, B1/F, Nanping Town, Nan’an District, Chongqing, CHN, 400000
Website
http://www.dowellservice.com
Dowell Service Group Co Ltd is an investment holding company established in the PRC. The Group is engaged in the provision of property management services, community value-added services, and value-added services to non-property owners.
Executives
Chong Qing Chao Feng Lian Wu Zi You Xian Gong Si 2106 Person having a security interest in shares
Lin Zi Yao 2201 Interest of corporation controlled by you
Chong Qing Di Ma Rui Sheng Shi Ye You Xian Gong Si 2201 Interest of corporation controlled by you
Chong Qing Shi Di Ma Shi Ye Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Chong Qing Dong Yin Kong Gu Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Tian Jin Cheng Fang Qi Ye Guan Li Zi Xun You Xian Gong Si 2101 Beneficial owner
Lo Siu Yu 2201 Interest of corporation controlled by you
Chiu Kit Hung 2202 Interest of your spouse
Harvest Fund Management Co., Ltd. 2201 Interest of corporation controlled by you
China Credit Trust Co., Ltd 2201 Interest of corporation controlled by you
Zhang Xiang Nong 2202 Interest of your spouse
Rui Fu Zi Ben Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Wang Hao 2201 Interest of corporation controlled by you
Bai Tian You Xian Gong Si 2101 Beneficial owner
Ma Xue Mei 2202 Interest of your spouse

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