Shiyue Daotian Group Co (HKSE:09676) Inventory Turnover : 2.83 (As of Dec. 2023)

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What is Shiyue Daotian 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. Shiyue Daotian Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$4,647 Mil. Shiyue Daotian Group Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1,644 Mil. Shiyue Daotian Group Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shiyue Daotian Group Co's Days Inventory for the six months ended in Dec. 2023 was 64.57.

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. Shiyue Daotian Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.31.

Shiyue Daotian Group Co Inventory Turnover Historical Data

The historical data trend for Shiyue Daotian 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.

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Shiyue Daotian Group Co Inventory Turnover Chart

Shiyue Daotian Group Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

2.97

3.65

2.97

2.83

Shiyue Daotian Group Co Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Inventory Turnover	2.97	3.65	2.97	2.83

Shiyue Daotian Group Co Inventory Turnover Calculation

Shiyue Daotian 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 )
=	4646.712	/ (	(1532.882	+	1755.327)	/	2 )
=	4646.712	/	1644.1045
=	2.83

Shiyue Daotian 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: Dec. 2022 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	4646.712	/ (	(1532.882	+	1755.327)	/	2 )
=	4646.712	/	1644.1045
=	2.83

Shiyue Daotian Group Co (HKSE:09676) 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.

Shiyue Daotian 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
	=	1644.1045	/	4646.712	*	365 / 2
	=	64.57

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.

Shiyue Daotian 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 )
	=	1644.1045	/	5323.45
	=	0.31

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.

Shiyue Daotian Group Co Inventory Turnover Related Terms

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Shiyue Daotian Group Co (HKSE:09676) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shiyue Daotian Group Co Ltd (HKSE:09676) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

2nd Floor, Building A, Yisha Wenxin Plaza, Chaoyang, Beijing, CHN

Website

https://www.shiyuedaotian.com

Shiyue Daotian Group Co Ltd is one of China's leading and rapidly growing pantry staple food companies, enjoying a robust multichannel brand presence. It has been dedicated to providing its consumers with pre-packaged premium rice, whole grain, bean, and dried food products.

Executives

Hsg Growth Vi Holdco Y, Ltd.
Shen Nan Peng
Zhou Kui
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Shenzhen Hongshan Yuechen Investment Partnership (limited Partnership)
Shenzhen Hongshan Yuchen Equity Investment Partnership (limited Partnership)
Shenzhen Hongshan Huanyu Investment Consulting Co., Ltd.
Shenzhen Hongshan Hanchen Equity Investment Partnership (limited Partnership)
Shenzhen Hongshan Antai Equity Investment Partnership (limited Partnership)
Hsg Holding Limited
Hsg Growth Vi Management, L.p.
Cheuk Hiu Kwong
Hongshan Capital Growth Fund Vi, L.p.
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