KE Holdings (HKSE:02423) Inventory Turnover : 49.51 (As of Dec. 2023)

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What is KE 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. KE Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$16,473 Mil. KE Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$333 Mil. KE Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 49.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. KE Holdings's Days Inventory for the three months ended in Dec. 2023 was 1.84.

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. KE Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

KE Holdings Inventory Turnover Historical Data

The historical data trend for KE 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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KE Holdings Inventory Turnover Chart

KE Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3,411.21

631.79

258.07

KE Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															99.20	111.37	-	-	49.51

KE Holdings Inventory Turnover Calculation

KE 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 )
=	61316.061	/ (	(142.446	+	332.736)	/	2 )
=	61316.061	/	237.591
=	258.07

KE 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	16472.507	/ (	(0	+	332.736)	/	1 )
=	16472.507	/	332.736
=	49.51

KE Holdings (HKSE:02423) 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.

KE Holdings's Days Inventory for the three 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
	=	332.736	/	16472.507	*	365 / 4
	=	1.84

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.

KE 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 )
	=	332.736	/	22098.956
	=	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.

KE Holdings Inventory Turnover Related Terms

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KE Holdings (HKSE:02423) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » KE Holdings Inc (HKSE:02423) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

BEKE:USA KE8:Germany

Address

No. 2 Chuangye Road, Oriental Electronic Technology Building, Haidian District, Beijing, CHN, 100086

Website

https://investors.ke.com

KE Holdings, or Beike, is a large residential real estate sales and rental brokerage company in China. Founded in 2001, the company operates through self-owned Lianjia stores in Beijing and Shanghai and connected third-party agencies including franchise brand Deyou in other cities, with commissions charged on existing home and new home transactions. Leveraging an online-offline hybrid model, Beike also attract clients through its namesake online marketplace. The company tapped into home renovation services by acquiring Shengdu Home Decoration in 2022. As at the end of 2022, Beike's cofounders collectively control the company, while Tencent and its affiliates share 8% of voting power.

Executives

The Bank Of New York Mellon Corporation	2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.	2502 Approved lending agent
Peng Yongdong	2307 Founder of a discretionary trust who can infl
Shan Yigang	2307 Founder of a discretionary trust who can infl
Cantrust (far East) Limited	2301 Trustee
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Zhu Yan	2501 Other
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Baihui Partners L.p.	2201 Interest of corporation controlled by you
Ark Trust (hong Kong) Limited	2201 Interest of corporation controlled by you
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Clover Rich Limited	2101 Beneficial owner
Trident Trust Company (hk) Limited	2201 Interest of corporation controlled by you

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