Zhongtian Construction (Hunan) Group (HKSE:02433) Inventory Turnover : 0.00 (As of Jun. 2023)

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What is Zhongtian Construction (Hunan) Group 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. Zhongtian Construction (Hunan) Group's Cost of Goods Sold for the three months ended in Jun. 2023 was HK$0 Mil. Zhongtian Construction (Hunan) Group's Average Total Inventories for the quarter that ended in Jun. 2023 was HK$1 Mil. Zhongtian Construction (Hunan) Group's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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.

Zhongtian Construction (Hunan) Group Inventory Turnover Historical Data

The historical data trend for Zhongtian Construction (Hunan) Group'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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Zhongtian Construction (Hunan) Group Inventory Turnover Chart

Zhongtian Construction (Hunan) Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

2,361.67

805.64

526.23

814.14

2,108.57

Zhongtian Construction (Hunan) Group Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial				-	576.99	527.43	-	-

Zhongtian Construction (Hunan) Group Inventory Turnover Calculation

Zhongtian Construction (Hunan) Group's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	1880.661	/ (	(3.695	+	0.925)	/	2 )
=	1880.661	/	2.31
=	814.14

Zhongtian Construction (Hunan) Group's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	0	/ (	(0.925	+	0.587)	/	2 )
=	0	/	0.756
=	0.00

Zhongtian Construction (Hunan) Group (HKSE:02433) 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.

Zhongtian Construction (Hunan) Group's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0.756	/	0	*	365 / 4
	=

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.

Zhongtian Construction (Hunan) Group's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.756	/	0
	=

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.

Zhongtian Construction (Hunan) Group Inventory Turnover Related Terms

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Zhongtian Construction (Hunan) Group (HKSE:02433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhongtian Construction (Hunan) Group Ltd (HKSE:02433) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1197, East Xinhua Road, Hetang District, Hunan Province, Zhuzhou, CHN, 412008

Website

http://www.ztcon.com

Zhongtian Construction (Hunan) Group Ltd is engaged in general contracting construction in the PRC.

Executives

Zt (a) Limited	2101 Beneficial owner
Zt (m) Limited	2101 Beneficial owner

Zhongtian Construction (Hunan) Group (HKSE:02433) Headlines

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