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Zhonggan Communication (Group) Holdings (HKSE:02545) Inventory Turnover : 17.98 (As of Dec. 2024)


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What is Zhonggan Communication (Group) 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. Zhonggan Communication (Group) Holdings's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$276.4 Mil. Zhonggan Communication (Group) Holdings's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$15.4 Mil. Zhonggan Communication (Group) Holdings's Inventory Turnover for the quarter that ended in Dec. 2024 was 17.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhonggan Communication (Group) Holdings's Days Inventory for the six months ended in Dec. 2024 was 10.15.

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. Zhonggan Communication (Group) Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.05.

Zhonggan Communication (Group) Holdings Inventory Turnover Historical Data

The historical data trend for Zhonggan Communication (Group) 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.

* Premium members only.

Zhonggan Communication (Group) Holdings Inventory Turnover Chart

Zhonggan Communication (Group) Holdings Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Inventory Turnover
68.43 61.86 197.73 713.66

Zhonggan Communication (Group) Holdings Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24
Inventory Turnover Get a 7-Day Free Trial - 47.49 351.86 12.86 17.98

Zhonggan Communication (Group) Holdings Inventory Turnover Calculation

Zhonggan Communication (Group) Holdings'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 )
=474.938 / ((0.859 + 0.472) / 2 )
=474.938 / 0.6655
=713.66

Zhonggan Communication (Group) Holdings'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 )
=276.403 / ((30.272 + 0.472) / 2 )
=276.403 / 15.372
=17.98

* 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.

Zhonggan Communication (Group) Holdings  (HKSE:02545) 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.

Zhonggan Communication (Group) Holdings'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
=15.372/276.403*365 / 2
=10.15

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.

Zhonggan Communication (Group) Holdings'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 )
=15.372 / 335.013
=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.

Zhonggan Communication (Group) Holdings Inventory Turnover Related Terms

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Zhonggan Communication (Group) Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Zhonggan Communication (Group) Holdings Ltd (HKSE:02545) » Definitions » Inventory Turnover
Comparable Companies
HKSE:00524 HKSE:08337 HKSE:02440 TMUS SHSE:600941 T VZ XTER:DTE NSE:BHARTIARTL CMCSA HKSE:00728 TSE:9432 TSE:9984 TSE:9434 TSE:9433 SAU:7010 CHTR MEX:AMXB SGX:Z74 ADX:EAND
Traded in Other Exchanges
N/A
Address
2799 Tianxiang Avenue, Room 101, Block 99, Nanchang Jiahai Industrial Park, Jiangxi Province, Nanchang High-tech Industrial Development Zone, Nanchang, CHN
Website
http://www.gantongjt.com
Zhonggan Communication (Group) Holdings Ltd is a integrated service provider and software developer in China. It focuses on the provision of Telecommunications Infrastructure Services and Digitalisation Solution Services. Telecommunications Infrastructure Services comprises of infrastructure Construction Services and Infrastructure Maintenance Services. Digitalisation Solution Services comprise of Integrated Solution Services, System Maintenance Services and - Software Solution Services. Key revenue is generated from Telecommunications Infrastructure Services.
Executives
Gt & Yangtze Limited 2101 Beneficial owner
Liu Haoqiong 2201 Interest of corporation controlled by you
Tao Xiulan 2201 Interest of corporation controlled by you
Liu Dingyi 2201 Interest of corporation controlled by you
Octuple Hills Limited 2101 Beneficial owner
Huat Huat Limited 2101 Beneficial owner
Liu Dingli 2201 Interest of corporation controlled by you

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