Risesun Real Estate Development Co (SZSE:002146) Inventory Turnover : 0.07 (As of Sep. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Risesun Real Estate Development Co 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. Risesun Real Estate Development Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥8,462 Mil. Risesun Real Estate Development Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥121,631 Mil. Risesun Real Estate Development Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Risesun Real Estate Development Co's Days Inventory for the three months ended in Sep. 2024 was 1,311.54.

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. Risesun Real Estate Development Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 13.38.

Risesun Real Estate Development Co Inventory Turnover Historical Data

The historical data trend for Risesun Real Estate Development Co'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.

* Premium members only.

Risesun Real Estate Development Co Inventory Turnover Chart

Risesun Real Estate Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

0.33

0.30

0.20

0.17

0.32

Risesun Real Estate Development Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.06	0.14	0.07	0.06	0.07

Risesun Real Estate Development Co Inventory Turnover Calculation

Risesun Real Estate Development Co'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 )
=	48427.868	/ (	(168210.587	+	135885.797)	/	2 )
=	48427.868	/	152048.192
=	0.32

Risesun Real Estate Development Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	8462.425	/ (	(124291.348	+	118971.091)	/	2 )
=	8462.425	/	121631.2195
=	0.07

Risesun Real Estate Development Co (SZSE:002146) 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.

Risesun Real Estate Development Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	121631.2195	/	8462.425	*	365 / 4
	=	1,311.54

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.

Risesun Real Estate Development Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	121631.2195	/	9092.769
	=	13.38

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.

Risesun Real Estate Development Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Risesun Real Estate Development Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Risesun Real Estate Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Risesun Real Estate Development Co Ltd (SZSE:002146) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Cheung Yun Road 81, Rongsheng Development Building, Langfang, CHN, 065000

Website

http://www.risesun.cn

Risesun Real Estate Development Co Ltd is a real estate development company based in China. The company is engaged in the development of residential buildings and architectural design. Its other business operations consist of property management, hotel management, commercial operation and investment management.

Executives

Bao Li Jie	Directors, executives
Geng Jian Ming	Director
Gu Yong Jun	Executives
Zou Jia Li	Supervisors
Zhang Xing Xing	Securities Affairs Representative
Liu Shan	Directors, executives
Jing Zhong Hua	Executives
Li Ai Hong	Supervisors
Yang Shao Min	Director
Li Wan Le	Directors, executives
Chen Jin Hai	Directors, executives
Feng Quan Yu	Directors, executives
Li Bing	Securities Affairs Representative
Geng Jian Fu	Director
Gao Xue Jun	Supervisors

Risesun Real Estate Development Co Headlines

No Headlines