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Jinke Smart Services Group Co (HKSE:09666) Inventory Turnover : 64.22 (As of Dec. 2023)


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What is Jinke Smart Services 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. Jinke Smart Services Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$2,352 Mil. Jinke Smart Services Group Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$37 Mil. Jinke Smart Services Group Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 64.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jinke Smart Services Group Co's Days Inventory for the six months ended in Dec. 2023 was 2.84.

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. Jinke Smart Services Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Jinke Smart Services Group Co Inventory Turnover Historical Data

The historical data trend for Jinke Smart Services 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.

* Premium members only.

Jinke Smart Services Group Co Inventory Turnover Chart

Jinke Smart Services Group Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial 313.37 217.33 213.46 147.63 137.26

Jinke Smart Services Group Co Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 125.09 70.23 70.99 55.03 64.22

Jinke Smart Services Group Co Inventory Turnover Calculation

Jinke Smart Services 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 )
=4431.516 / ((33.451 + 31.12) / 2 )
=4431.516 / 32.2855
=137.26

Jinke Smart Services 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 )
=2351.882 / ((42.128 + 31.12) / 2 )
=2351.882 / 36.624
=64.22

* 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.

Jinke Smart Services Group Co  (HKSE:09666) 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.

Jinke Smart Services 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
=36.624/2351.882*365 / 2
=2.84

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.

Jinke Smart Services 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 )
=36.624 / 2750.745
=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.

Jinke Smart Services Group Co Inventory Turnover Related Terms

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Jinke Smart Services Group Co (HKSE:09666) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Jinke Smart Services Group Co Ltd (HKSE:09666) » Definitions » Inventory Turnover
Comparable Companies
HKSE:03319 HKSE:03316 HKSE:02156 HKSE:06666 HKSE:00410 HKSE:06626 HKSE:01516 HKSE:00071 HKSE:01686 HKSE:01755 CSGP CBRE XMAD:CLNX BEKE TSE:8830 HKSE:01972 SGX:9CI OSTO:AKEL D HKSE:01997 MIL:INW
Traded in Other Exchanges
N/A
Address
No. 480, Panxi Road, Shimahe Street, Building A4, East Zone, Jinke Shiniancheng, Jiangbei District, Chongqing, CHN
Website
http://www.jinkeservice.com
Jinke Smart Services Group Co Ltd is a smart property management service provider in China. The firm is principally engaged in the provision of property management services, value-added services to non-property owners, community value-added services, and smart living technology solutions. It has focused on the three main regions in China that are Southwestern China, Eastern & Southern China, Central China, and other regions where it generates a majority of its revenue from the Southwestern China Region.
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