Soho Holly (SHSE:600128) Inventory Turnover : 8.33 (As of Mar. 2024)

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What is Soho Holly 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. Soho Holly's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,596 Mil. Soho Holly's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥191 Mil. Soho Holly's Inventory Turnover for the quarter that ended in Mar. 2024 was 8.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Soho Holly's Days Inventory for the three months ended in Mar. 2024 was 10.95.

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. Soho Holly's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.11.

Soho Holly Inventory Turnover Historical Data

The historical data trend for Soho Holly'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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Soho Holly Inventory Turnover Chart

Soho Holly Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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25.97

29.72

27.95

31.24

34.02

Soho Holly Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															6.67	7.68	8.38	11.52	8.33

Soho Holly Inventory Turnover Calculation

Soho Holly'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 )
=	6363.149	/ (	(165.214	+	208.87)	/	2 )
=	6363.149	/	187.042
=	34.02

Soho Holly's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1595.733	/ (	(208.87	+	174.122)	/	2 )
=	1595.733	/	191.496
=	8.33

Soho Holly (SHSE:600128) 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.

Soho Holly's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	191.496	/	1595.733	*	365 / 4
	=	10.95

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.

Soho Holly's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	191.496	/	1673.162
	=	0.11

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.

Soho Holly Inventory Turnover Related Terms

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Soho Holly (SHSE:600128) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Soho Holly Corp (SHSE:600128) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 50 Zhonghua Road, Hongye Building, Nanjing, Jiangsu, CHN, 210001

Website

http://www.artall.com.cn

Jiangsu Holly Corp is engaged in the trade and export clothing, toys, fishing gear, shoes and hats, medical equipment, chemicals, building materials, household goods, and resources and energy.

Executives

Gu Ming Rong	senior management
Ge Meng	Director
Zhang Fa Song	senior management
Liu Sui Zhi	Director
Qian Jing Qi	Director
Wu Ting Chang	Director
Pu Xue Nian	Supervisors

Soho Holly (SHSE:600128) Headlines

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