Xinji Shaxi Group Co (HKSE:03603) Inventory Turnover : 8.22 (As of Dec. 2023)

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What is Xinji Shaxi 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. Xinji Shaxi Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$23.8 Mil. Xinji Shaxi Group Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$2.9 Mil. Xinji Shaxi Group Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xinji Shaxi Group Co's Days Inventory for the six months ended in Dec. 2023 was 22.20.

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. Xinji Shaxi Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Xinji Shaxi Group Co Inventory Turnover Historical Data

The historical data trend for Xinji Shaxi 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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Xinji Shaxi Group Co Inventory Turnover Chart

Xinji Shaxi Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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18.82

8.14

10.18

17.08

16.16

Xinji Shaxi Group Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial								4.65	8.56	8.81	8.82	8.22

Xinji Shaxi Group Co Inventory Turnover Calculation

Xinji Shaxi 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 )
=	47.265	/ (	(2.682	+	3.166)	/	2 )
=	47.265	/	2.924
=	16.16

Xinji Shaxi 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 )
=	23.833	/ (	(2.632	+	3.166)	/	2 )
=	23.833	/	2.899
=	8.22

Xinji Shaxi Group Co (HKSE:03603) 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.

Xinji Shaxi 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
	=	2.899	/	23.833	*	365 / 2
	=	22.20

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.

Xinji Shaxi 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 )
	=	2.899	/	157.801
	=	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.

Xinji Shaxi Group Co Inventory Turnover Related Terms

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Xinji Shaxi Group Co (HKSE:03603) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Xinji Shaxi Group Co Ltd (HKSE:03603) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

136–138 Austin Road, 3/F Golden Gate Commercial Building, Rooms 301–303, Tsim Sha Tsui, Kowloon, HKG

Website

https://www.xjsx.net.cn

Xinji Shaxi Group Co Ltd is engaged in managing owned and leased portfolio shopping mall which derives revenue from leasing floor areas to the tenants and providing comprehensive and continuous operation and management support to them in the PRC. It operates and manages hospitality supplies and home furnishing shopping malls, exhibition management services, and online shopping malls. The company has two operating segments which are Property leasing and Property management services of which it generates the majority of its revenue from Property leasing. Geographically the company operates in Hong Kong and the People's Republic of China.

Executives

Huang Wanyi
Mei Zuoting
Weixin Development Overseas Limited
Zhang Weixin
Zuoting Investment Limited
Cheung Hon Chuen
Honchuen Investment Limited
Lin Yi	2201 Interest of corporation controlled by you
Al Capital Holdings International Pte. Ltd.	2201 Interest of corporation controlled by you
Straits Universal Limited	2201 Interest of corporation controlled by you
Al Capital Funds Vcc For A/c Of Al Capital Global Opportunities Fund	2102 Investment manager
Honchuen Investment Limited	2101 Beneficial owner
Zhanpeng Investment (hongkong) Company Limited	2101 Beneficial owner
Huiqun Investment Limited	2101 Beneficial owner

Xinji Shaxi Group Co (HKSE:03603) Headlines

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