Zhongmin Baihui Retail Group (SGX:5SR) Inventory Turnover : 1.70 (As of Dec. 2024)

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What is Zhongmin Baihui Retail Group 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. Zhongmin Baihui Retail Group's Cost of Goods Sold for the six months ended in Dec. 2024 was S$63.2 Mil. Zhongmin Baihui Retail Group's Average Total Inventories for the quarter that ended in Dec. 2024 was S$37.2 Mil. Zhongmin Baihui Retail Group's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhongmin Baihui Retail Group's Days Inventory for the six months ended in Dec. 2024 was 107.59.

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. Zhongmin Baihui Retail Group's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.44.

Zhongmin Baihui Retail Group Inventory Turnover Historical Data

The historical data trend for Zhongmin Baihui Retail Group'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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Zhongmin Baihui Retail Group Inventory Turnover Chart

Zhongmin Baihui Retail Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Jun23

Jun24

Inventory Turnover

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6.62

6.82

6.98

4.49

4.21

Zhongmin Baihui Retail Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															2.21	2.24	2.32	2.11	1.70

Zhongmin Baihui Retail Group Inventory Turnover Calculation

Zhongmin Baihui Retail Group's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	140.095	/ (	(30.368	+	36.259)	/	2 )
=	140.095	/	33.3135
=	4.21

Zhongmin Baihui Retail Group'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 )
=	63.167	/ (	(36.259	+	38.222)	/	2 )
=	63.167	/	37.2405
=	1.70

Zhongmin Baihui Retail Group (SGX:5SR) 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.

Zhongmin Baihui Retail Group'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
	=	37.2405	/	63.167	*	365 / 2
	=	107.59

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.

Zhongmin Baihui Retail Group'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 )
	=	37.2405	/	83.918
	=	0.44

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.

Zhongmin Baihui Retail Group Inventory Turnover Related Terms

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Zhongmin Baihui Retail Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Zhongmin Baihui Retail Group Ltd (SGX:5SR) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

80 Marine Parade Road, No. 13-07 Parkway Parade, Singapore, SGP, 449269

Website

http://www.zhongminbaihui.com

Zhongmin Baihui Retail Group Ltd is engaged in the ownership, operation and management of department stores and supermarkets in Fujian Province, People's Republic of China. The company is involved in the operation and management of an outlet mall in Changsha, Hunan Province. The department stores offer a wide variety of clothes and accessories for men, women and children from domestic and international brands from concessionaires while the supermarkets are well stocked with a good variety of items, including fresh produce and live seafood. It derives the bulk of its revenue from sales of supermarket products and commissions from concessionaire sales.

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