New Hope Service Holdings (HKSE:03658) Inventory Turnover : 1,353.58 (As of Dec. 2024)

View and export this data going back to 2021. Start your Free Trial

What is New Hope Service 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. New Hope Service Holdings's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$592 Mil. New Hope Service Holdings's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$0 Mil. New Hope Service Holdings's Inventory Turnover for the quarter that ended in Dec. 2024 was 1,353.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. New Hope Service Holdings's Days Inventory for the six months ended in Dec. 2024 was 0.13.

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. New Hope Service Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.00.

New Hope Service Holdings Inventory Turnover Historical Data

The historical data trend for New Hope Service 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.

New Hope Service Holdings Inventory Turnover Chart

New Hope Service Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

Get a 7-Day Free Trial

2,010.46

1,971.66

2,159.45

2,229.70

2,413.29

New Hope Service Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial							1,124.47	1,098.39	1,323.02	1,346.91	1,353.58

New Hope Service Holdings Inventory Turnover Calculation

New Hope Service 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 )
=	1100.459	/ (	(0.4	+	0.512)	/	2 )
=	1100.459	/	0.456
=	2,413.29

New Hope Service 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 )
=	591.516	/ (	(0.362	+	0.512)	/	2 )
=	591.516	/	0.437
=	1,353.58

New Hope Service Holdings (HKSE:03658) 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.

New Hope Service 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
	=	0.437	/	591.516	*	365 / 2
	=	0.13

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.

New Hope Service 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 )
	=	0.437	/	823.958
	=	0.00

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.

New Hope Service Holdings Inventory Turnover Related Terms

Thank you for viewing the detailed overview of New Hope Service Holdings's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

New Hope Service Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » New Hope Service Holdings Ltd (HKSE:03658) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Jinjiang District, Chengdu, Wanchai, CHN, 610000

Website

https://www.newhopeservice.com.cn

New Hope Service Holdings Ltd is a Chinese comprehensive property management and livelihood service operator, providing property management services, nonprofit Owner's value-added services, commercial operation services, and life services.

Executives

Chen Jing	2201 Interest of corporation controlled by you
Li Wei	2202 Interest of your spouse
Huang Kun	2201 Interest of corporation controlled by you
Jiang Mengjun	2201 Interest of corporation controlled by you
New Range Development Limited	2201 Interest of corporation controlled by you
New Voyage Development Limited	2101 Beneficial owner
Tmf Trust (hk) Limited	2301 Trustee
Wu Min	2201 Interest of corporation controlled by you
Zhang Minggui	2201 Interest of corporation controlled by you
Liu Chang	2307 Founder of a discretionary trust who can infl
Liu Yonghao	2201 Interest of corporation controlled by you
Medea Investments Limited	2201 Interest of corporation controlled by you
New Prosperity Development Limited	2201 Interest of corporation controlled by you
Sea Glory Developments Limited	2201 Interest of corporation controlled by you
Vistra Trust (singapore) Pte. Limited	2301 Trustee

New Hope Service Holdings Headlines

No Headlines