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Shanxi Installation Group Co (HKSE:02520) Inventory Turnover : 18.99 (As of Jun. 2024)


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What is Shanxi Installation 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. Shanxi Installation Group Co's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$5,825 Mil. Shanxi Installation Group Co's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$307 Mil. Shanxi Installation Group Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 18.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanxi Installation Group Co's Days Inventory for the six months ended in Jun. 2024 was 9.61.

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. Shanxi Installation Group Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.05.

Shanxi Installation Group Co Inventory Turnover Historical Data

The historical data trend for Shanxi Installation 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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Shanxi Installation Group Co Inventory Turnover Chart

Shanxi Installation Group Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Inventory Turnover
35.35 60.62 72.98 60.38

Shanxi Installation Group Co Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Inventory Turnover Get a 7-Day Free Trial 33.16 41.69 15.75 17.47 18.99

Shanxi Installation Group Co Inventory Turnover Calculation

Shanxi Installation 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 )
=10469.525 / ((163.308 + 183.463) / 2 )
=10469.525 / 173.3855
=60.38

Shanxi Installation Group Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover (Q: Jun. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2024 ) / ((Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Jun. 2024 )) / count )
=5824.617 / ((183.463 + 429.934) / 2 )
=5824.617 / 306.6985
=18.99

* 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.

Shanxi Installation Group Co  (HKSE:02520) 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.

Shanxi Installation Group Co's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=306.6985/5824.617*365 / 2
=9.61

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.

Shanxi Installation Group Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=306.6985 / 6596.087
=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.

Shanxi Installation Group Co Inventory Turnover Related Terms

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Shanxi Installation Group Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shanxi Installation Group Co Ltd (HKSE:02520) » Definitions » Inventory Turnover
Comparable Companies
HKSE:09900 HKSE:09913 HKSE:00331 HKSE:02355 HKSE:01599 HKSE:01726 HKSE:00830 HKSE:01271 HKSE:01662 HKSE:01977 XPAR:DG NSE:LT PWR SHSE:601668 TSX:WSP EME SHSE:601390 HKSE:01800 J SHSE:601186
Traded in Other Exchanges
N/A
Address
No. 8 Xinhua Road, Tanghuai Industrial Park, Shanxi Transformation and Comprehensive, Reform Demonstration Zone, Shanxi, Taiyuan, CHN
Website
http://www.sxaz.com.cn
Shanxi Installation Group Co Ltd is a construction service provider based in Taiyuan, a city in Shanxi Province, China. It is engaged in specialized industrial construction, specialized auxiliary construction, other construction, and non-construction business. It offers a wide range of services, from design and consulting, investment and construction, and building construction, to operation and maintenance.
Executives
Xi An Shan Gong Guo Ji Jian Zhu Gong Cheng You Xian Gong Si 2201 Interest of corporation controlled by you
Ming Yang Zhi Hui Neng Yuan Ji Tuan Gu Fen Gong Si 2101 Beneficial owner
Citic Securities Company Limited 2201 Interest of corporation controlled by you
Gaoteng Global Asset Management Limited 2201 Interest of corporation controlled by you
Jinyi Capital Multi-strategy Fund Spc Ltd. 2101 Beneficial owner
Hai Nan Tian Kun Si Mu Gu Quan Tou Zi Ji Jin Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Hai Nan Tian Kun Shen Yi Si Mu Gu Quan Tou Zi Ji Jin He Huo Qi Ye You Xian He Huo 2101 Beneficial owner
Jin Luo Shen Zhen Si Mu Gu Quan Tou Zi Ji Jin Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Jiang Su Wan Wei Dian Qi You Xian Gong Si 2201 Interest of corporation controlled by you
Hai Nan Tian Kun Xian Ning Si Mu Gu Quan Tou Zi Ji Jin He Huo Qi Ye You Xian He Huo 2101 Beneficial owner
Hai Nan Jing Tai Jing Zhun Gu Quan Si Mu Ji Jin Er Qi He Huo Qi Ye You Xian He Huo 2101 Beneficial owner
Si Chuan Hua Zhi Ye Can Dian Li She Ji You Xian Gong Si 2201 Interest of corporation controlled by you
Jing Tai Chuang Ye Tou Zi Si Mu Ji Jin Guan Li Hai Nan He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you

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