Powerlong Commercial Management Holdings (HKSE:09909) Inventory Turnover : 131.72 (As of Dec. 2023)

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What is Powerlong Commercial Management Holdings 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. Powerlong Commercial Management Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$998 Mil. Powerlong Commercial Management Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$8 Mil. Powerlong Commercial Management Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 131.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Powerlong Commercial Management Holdings's Days Inventory for the six months ended in Dec. 2023 was 1.39.

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. Powerlong Commercial Management Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Powerlong Commercial Management Holdings Inventory Turnover Historical Data

The historical data trend for Powerlong Commercial Management Holdings'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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Powerlong Commercial Management Holdings Inventory Turnover Chart

Powerlong Commercial Management Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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182.13

Powerlong Commercial Management Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial										-	-	196.96	131.72	90.57

Powerlong Commercial Management Holdings Inventory Turnover Calculation

Powerlong Commercial Management Holdings'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 )
=	1912.718	/ (	(0	+	10.502)	/	1 )
=	1912.718	/	10.502
=	182.13

Powerlong Commercial Management Holdings'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 )
=	997.642	/ (	(4.646	+	10.502)	/	2 )
=	997.642	/	7.574
=	131.72

Powerlong Commercial Management Holdings (HKSE:09909) 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.

Powerlong Commercial Management Holdings'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
	=	7.574	/	997.642	*	365 / 2
	=	1.39

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.

Powerlong Commercial Management Holdings'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 )
	=	7.574	/	1488.541
	=	0.01

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.

Powerlong Commercial Management Holdings Inventory Turnover Related Terms

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Powerlong Commercial Management Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Powerlong Commercial Management Holdings Ltd (HKSE:09909) » Definitions » Inventory Turnover

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Address

1399 Xinzhen Road, Powerlong Tower, Minhang District, Shanghai, CHN, 201101

Website

http://www.powerlongcm.com

Powerlong Commercial Management Holdings Ltd is a commercial operation service provider in China. The company provides commercial operation services for developers, tenants, and owners of retail commercial properties. It operates through two segments: Commercial operational services and Residential property management service. Its operations include market research and positioning, tenant sourcing and opening preparation services, commercial operation and management services, and property leasing services; and Property management services, consisting of pre-sale management services, property management services, and other value-added services. Its commercial operational services are provided under four brands, namely Powerlong One Mall, Powerlong City, Powerlong Plaza, and Powerlong Land.

Executives

Hoi Wa Fong	2201 Interest of corporation controlled by you
Huihong Management (ptc) Limited
Shih Sze Ni Cecilia	2202 Interest of your spouse
Hoi Kin Hong
Powerlong Real Estate (bvi) Holdings Limited
Powerlong Real Estate Holdings Limited
Skylong Holdings Limited
Wong Lai Chan

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