Agile Group Holdings (STU:A8P) Inventory Turnover : 0.32 (As of Jun. 2024)

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What is Agile Group 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. Agile Group Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was €2,946 Mil. Agile Group Holdings's Average Total Inventories for the quarter that ended in Jun. 2024 was €9,296 Mil. Agile Group Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Agile Group Holdings's Days Inventory for the six months ended in Jun. 2024 was 575.81.

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. Agile Group Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 3.43.

Agile Group Holdings Inventory Turnover Historical Data

The historical data trend for Agile Group 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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Agile Group Holdings Inventory Turnover Chart

Agile Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.48

0.57

0.55

0.52

Agile Group Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.24	0.30	0.21	0.33	0.32

Agile Group Holdings Inventory Turnover Calculation

Agile Group 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 )
=	5629.615	/ (	(11780.722	+	9666.107)	/	2 )
=	5629.615	/	10723.4145
=	0.52

Agile Group Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	2946.164	/ (	(9666.107	+	8925.015)	/	2 )
=	2946.164	/	9295.561
=	0.32

Agile Group Holdings (STU:A8P) 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.

Agile Group Holdings's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	9295.561	/	2946.164	*	365 / 2
	=	575.81

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.

Agile Group Holdings's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	9295.561	/	2706.691
	=	3.43

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.

Agile Group Holdings Inventory Turnover Related Terms

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Agile Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Agile Group Holdings Ltd (STU:A8P) » Definitions » Inventory Turnover

Traded in Other Exchanges

AGPYY:USA 03383:Hong Kong A8P:Germany

Address

26 Huaxia Road, 33rd Floor, Agile Center, Zhujiang New Town, Tianhe District, Guangdong Province, Guangzhou, CHN, 510623

Website

https://www.agile.com.cn

Agile Group Holdings Ltd is one of the largest Chinese developers listed (2005) on the Hong Kong Exchange. Its main business is property development, with a land bank spread across China and overseas, including key cities in Zhongshan, Guangzhou, and Hainan. Agile spun off its complementary property management business A-Living Services on the Hong Kong Exchange in February 2018; we believe this business is poised to enjoy healthy organic and inorganic growth in gross floor area under management. The company also operates a commercial portfolio consisting of hotels and investment properties, as well as construction. Its environmental business covers waste and water treatment, currently operating in an initial growth phase.

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