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Guangdong Syntrust GK Testing and Certification Tech Service Center Co (HKSE:08629) Inventory Turnover : 79.39 (As of Dec. 2024)


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What is Guangdong Syntrust GK Testing and Certification Tech Service Center 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. Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$14.41 Mil. Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$0.18 Mil. Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 79.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Days Inventory for the six months ended in Dec. 2024 was 2.30.

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. Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.01.

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Inventory Turnover Historical Data

The historical data trend for Guangdong Syntrust GK Testing and Certification Tech Service Center 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.

* Premium members only.

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Inventory Turnover Chart

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Inventory Turnover
- - - 192.12

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24
Inventory Turnover Get a 7-Day Free Trial - - - 28.55 79.39

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Inventory Turnover Calculation

Guangdong Syntrust GK Testing and Certification Tech Service Center Co'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 )
=21.517 / ((0 + 0.112) / 1 )
=21.517 / 0.112
=192.12

Guangdong Syntrust GK Testing and Certification Tech Service Center Co'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 )
=14.409 / ((0.251 + 0.112) / 2 )
=14.409 / 0.1815
=79.39

* 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.

Guangdong Syntrust GK Testing and Certification Tech Service Center Co  (HKSE:08629) 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.

Guangdong Syntrust GK Testing and Certification Tech Service Center Co'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
=0.1815/14.409*365 / 2
=2.30

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.

Guangdong Syntrust GK Testing and Certification Tech Service Center Co'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 )
=0.1815 / 34.625
=0.01

* 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.

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.

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Inventory Turnover Related Terms

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Guangdong Syntrust GK Testing and Certification Tech Service Center Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Guangdong Syntrust GK Testing and Certification Tech Service Center Co Ltd (HKSE:08629) » Definitions » Inventory Turnover
Comparable Companies
HKSE:08188 HKSE:02163 HKSE:08021 HKSE:00896 HKSE:00871 HKSE:06063 HKSE:08305 HKSE:01447 HKSE:00385 HKSE:06038 XPAR:DG NSE:LT PWR SHSE:601668 TSX:WSP EME HKSE:01800 SHSE:601390 XPAR:EN XMAD:ACS
Traded in Other Exchanges
N/A
Address
No. 1, Xinyi Avenue South, Dingbao Town, Xinyi City, Guangdong Province, Maoming, CHN
Website
https://www.xyjiance.cn
Guangdong Syntrust GK Testing and Certification Tech Service Center Co Ltd is principally engaged in the provision of construction engineering testing and inspection services, serving customers in Maoming, Guangdong Province of China. It offers construction engineering testing services, including foundation testing services, infrastructure and public roads testing services, construction material testing services, as well as building structure testing services. Additionally, it provides construction engineering inspection services, including slope monitoring and foundation pit monitoring services. The company generates almost all of its revenue from Testing services. Geographically entire revenue is generated from mainland China.
Executives
Chen Menghua 2101 Beneficial owner
Z K 2101 Beneficial owner
Lln Sheng Yu 2101 Beneficial owner
Lu Sili 2101 Beneficial owner
Zhang Yunling 2101 Beneficial owner
Liang Yishuang 2101 Beneficial owner
Lin Jiangjun 2101 Beneficial owner
Yue Hai Zi Chan Guan Li You Xian Gong Si 2101 Beneficial owner

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