Binjiang Service Group Co (HKSE:03316) Inventory Turnover : 6.45 (As of Dec. 2023)

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What is Binjiang 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. Binjiang Service Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,358 Mil. Binjiang Service Group Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$210 Mil. Binjiang Service Group Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Binjiang Service Group Co's Days Inventory for the six months ended in Dec. 2023 was 28.28.

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. Binjiang Service Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.12.

Binjiang Service Group Co Inventory Turnover Historical Data

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

Binjiang Service Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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29.81

15.90

14.67

11.88

10.69

Binjiang Service Group Co Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial										6.99	7.07	7.14	6.00	6.45

Binjiang Service Group Co Inventory Turnover Calculation

Binjiang 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 )
=	2311.503	/ (	(164.714	+	267.705)	/	2 )
=	2311.503	/	216.2095
=	10.69

Binjiang 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 )
=	1357.68	/ (	(153.018	+	267.705)	/	2 )
=	1357.68	/	210.3615
=	6.45

Binjiang Service Group Co (HKSE:03316) 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.

Binjiang 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
	=	210.3615	/	1357.68	*	365 / 2
	=	28.28

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.

Binjiang 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 )
	=	210.3615	/	1770.97
	=	0.12

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.

Binjiang Service Group Co Inventory Turnover Related Terms

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Binjiang Service Group Co (HKSE:03316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Binjiang Service Group Co Ltd (HKSE:03316) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 189 Fengqi East Road, Xincheng Times Square, 12th Floor, Room 1201-1, Block 1, Building 1, Jianggan District, Hangzhou, CHN

Website

https://www.hzbjwy.com

Binjiang Service Group Co Ltd is a property management service provider in China. The Company's business segments are classified into property management services, value-added services to non-property owners and 5S value-added services. Geographically, the company has majority of its operations in China.

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Qi Jiaqi
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Zhu Huiming

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