Excellence Commercial Property & Facilities Management Group (HKSE:06989) Inventory Turnover : 19.39 (As of Dec. 2023)

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What is Excellence Commercial Property & Facilities Management Group 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. Excellence Commercial Property & Facilities Management Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,897 Mil. Excellence Commercial Property & Facilities Management Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$98 Mil. Excellence Commercial Property & Facilities Management Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 19.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Excellence Commercial Property & Facilities Management Group's Days Inventory for the six months ended in Dec. 2023 was 9.41.

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. Excellence Commercial Property & Facilities Management Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

Excellence Commercial Property & Facilities Management Group Inventory Turnover Historical Data

The historical data trend for Excellence Commercial Property & Facilities Management Group'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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Excellence Commercial Property & Facilities Management Group Inventory Turnover Chart

Excellence Commercial Property & Facilities Management Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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805.85

704.11

92.09

42.18

Excellence Commercial Property & Facilities Management Group Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial							87.19	33.89	21.24	19.39	16.89

Excellence Commercial Property & Facilities Management Group Inventory Turnover Calculation

Excellence Commercial Property & Facilities Management Group'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 )
=	3478.345	/ (	(59.09	+	105.836)	/	2 )
=	3478.345	/	82.463
=	42.18

Excellence Commercial Property & Facilities Management Group'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 )
=	1896.892	/ (	(89.845	+	105.836)	/	2 )
=	1896.892	/	97.8405
=	19.39

Excellence Commercial Property & Facilities Management Group (HKSE:06989) 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.

Excellence Commercial Property & Facilities Management Group'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
	=	97.8405	/	1896.892	*	365 / 2
	=	9.41

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.

Excellence Commercial Property & Facilities Management Group'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 )
	=	97.8405	/	2283.23
	=	0.04

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.

Excellence Commercial Property & Facilities Management Group Inventory Turnover Related Terms

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Excellence Commercial Property & Facilities Management Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Excellence Commercial Property & Facilities Management Group Ltd (HKSE:06989) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Fuhua Third Road, 38Ath Floor, Tower 4, Excellence Century Center, Futian District, Guangdong Province, Shenzhen, CHN, 518000

Website

http://www.excepm.com

Excellence Commercial Property & Facilities Management Group Ltd is a commercial property management service provider in China. The company's projects included commercial properties, public and industrial properties, and residential properties. It operates in three segments namely Finance services, Other services, and Property management services that provide basic property management services or system supply and installation services to property developers, property owners, and tenants, and value-added services to such customers, including asset services which includes preliminary property consulting services, property leasing and sales agency services, asset-light property operation services and space operation services, and corporate services.

Executives

Xiao Xingping	2202 Interest of your spouse
Li Xiaoping	2101 Beneficial owner
Li Wa	2201 Interest of corporation controlled by you
Oriental Rich Holdings Group Limited	2201 Interest of corporation controlled by you
Urban Hero Investments Limited	2101 Beneficial owner
Ever Rainbow Holdings Limited	2101 Beneficial owner
Autumn Riches Limited	2101 Beneficial owner
Li Yuan	2201 Interest of corporation controlled by you

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