Ziyuanyuan Holdings Group (HKSE:08223) Inventory Turnover : 1.65 (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Ziyuanyuan Holdings 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. Ziyuanyuan Holdings Group's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$8.8 Mil. Ziyuanyuan Holdings Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$5.3 Mil. Ziyuanyuan Holdings Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ziyuanyuan Holdings Group's Days Inventory for the three months ended in Dec. 2023 was 55.18.

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. Ziyuanyuan Holdings Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Ziyuanyuan Holdings Group Inventory Turnover Historical Data

The historical data trend for Ziyuanyuan Holdings 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.

* Premium members only.

Ziyuanyuan Holdings Group Inventory Turnover Chart

Ziyuanyuan Holdings Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

42.05

7.57

5.24

Ziyuanyuan Holdings Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.02	1.13	0.47	0.43	1.65

Ziyuanyuan Holdings Group Inventory Turnover Calculation

Ziyuanyuan Holdings 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 )
=	48.937	/ (	(13.377	+	5.316)	/	2 )
=	48.937	/	9.3465
=	5.24

Ziyuanyuan Holdings 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	8.791	/ (	(0	+	5.316)	/	1 )
=	8.791	/	5.316
=	1.65

Ziyuanyuan Holdings Group (HKSE:08223) 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.

Ziyuanyuan Holdings Group's Days Inventory for the three 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
	=	5.316	/	8.791	*	365 / 4
	=	55.18

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.

Ziyuanyuan Holdings 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 )
	=	5.316	/	280.747
	=	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.

Ziyuanyuan Holdings Group Inventory Turnover Related Terms

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

Ziyuanyuan Holdings Group (HKSE:08223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ziyuanyuan Holdings Group Ltd (HKSE:08223) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 198 Daxin Road, 10th Floor, Block A, Majialong Innovation Building, Nanshan District, Shenzhen, CHN

Website

https://www.ziyygroup.com

Ziyuanyuan Holdings Group Ltd is principally engaged in the provision of medical equipment finance leasing services and maternal and child postpartum care industry services in the PRC. The segments of the group are Finance leasing, Postpartum care service and Trading of medical equipment and consumables. Geographically, it derives revenue from the PRC.

Executives

Hero Global Limited	2101 Beneficial owner
Icon Global Holding Limited	2401 A concert party to an agreement to buy shares
Tang Yiping	2202 Interest of your spouse
Zhang Junshen	2201 Interest of corporation controlled by you
Zhang Junwei	2401 A concert party to an agreement to buy shares

Ziyuanyuan Holdings Group (HKSE:08223) Headlines

No Headlines