SECOY (Secoo Holding) Inventory Turnover: 0.61 (As of Jun. 2022)

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SECOY Secoo Holding Ltd SECOY
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What is Secoo Holding Inventory Turnover?

Secoo Holding SECOY 12 Inventory Turnover is 0.61 as of Jun. 2022. GuruFocus rates SECOY with a GF Score™ of 12/100.

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. Secoo Holding's Cost of Goods Sold for the six months ended in Jun. 2022 was $259.3 Mil. Secoo Holding's Average Total Inventories for the quarter that ended in Jun. 2022 was $424.3 Mil. Secoo Holding's Inventory Turnover for the quarter that ended in Jun. 2022 was 0.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Secoo Holding's Days Inventory for the six months ended in Jun. 2022 was 298.64.

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. Secoo Holding's Inventory-to-Revenue for the quarter that ended in Jun. 2022 was 2.44.

Secoo Holding  (OTCPK:SECOY) 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.

Secoo Holding's Days Inventory for the six months ended in Jun. 2022 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2022 )/Cost of Goods Sold (Q: Jun. 2022 )*Days in Period
=424.281/259.276*365 / 2
=298.64

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.

Secoo Holding's Inventory to Revenue for the quarter that ended in Jun. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2022 ) / Revenue (Q: Jun. 2022 )
=424.281 / 173.895
=2.44

* 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.

Secoo Holding Inventory Turnover Related Terms

Secoo Holding Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Secoo Holding'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.

Secoo Holding Inventory Turnover Chart

Secoo Holding Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Inventory Turnover
Get a 7-Day Free Trial 3.28 3.00 2.55 1.78 0.97

Secoo Holding Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.69 1.06 0.38 0.57 0.61
SECOY
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Secoo Holding Ltd SECOY
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Secoo Holding Inventory Turnover Calculation

Secoo Holding's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

Inventory Turnover (A: Dec. 2021 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2021 ) / ((Total Inventories (A: Dec. 2020 ) + Total Inventories (A: Dec. 2021 )) / count )
=473.124 / ((503.082 + 470.297) / 2 )
=473.124 / 486.6895
=0.97

Secoo Holding's Inventory Turnover for the quarter that ended in Jun. 2022 is calculated as

Inventory Turnover (Q: Jun. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2022 ) / ((Total Inventories (Q: Dec. 2021 ) + Total Inventories (Q: Jun. 2022 )) / count )
=259.276 / ((470.297 + 378.265) / 2 )
=259.276 / 424.281
=0.61

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.61 mean?
Secoo Holding (SECOY) has a Inventory Turnover of 0.61 as of Jun. 2022. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Secoo Holding and its competitors.
Is Secoo Holding's Inventory Turnover too high?
Secoo Holding's current Inventory Turnover is 0.61. Overall, Secoo Holding has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Secoo Holding's Inventory Turnover compare to PIK and MOGU?
Secoo Holding's Inventory Turnover of 0.61 can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Retail - Cyclical company?
A good Inventory Turnover depends on the Retail - Cyclical industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Secoo Holding and its competitors. Secoo Holding's current Inventory Turnover is 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Secoo Holding stock overvalued right now?
Secoo Holding (SECOY) has a current Inventory Turnover of 0.61. The current Inventory Turnover is 0.61. Secoo Holding's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Secoo Holding (SECOY), the current Inventory Turnover is 0.61 as of Jun. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Secoo Holding Business Description

Address No. 3 Courtyard Building 2, Sanlitun Road A, Chaoyang District, Beijing, CHN, 100027
Secoo Holding Ltd operates an online and offline shopping platform in China. It operates as an online retailer in China through the website, mobile applications, and offline experience centers in Beijing, Shanghai, Chengdu, Tianjin, Xiamen, Qingdao, and Malaysia. Also, the company is cooperating with brand boutiques such as Versace boutiques for its customers to pick up products ordered on its online platform. The majority of revenue is generated from its online business. Its geographical segments are China, Hongkong, and Others, of which the majority of the revenue is generated from China.
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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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