TNHDF (Times Neighborhood Holdings) Inventory Turnover : 318.96 (As of Dec. 2023)

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What is Times Neighborhood 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. Times Neighborhood Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $143.1 Mil. Times Neighborhood Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.4 Mil. Times Neighborhood Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 318.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Times Neighborhood Holdings's Days Inventory for the six months ended in Dec. 2023 was 0.57.

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. Times Neighborhood Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Times Neighborhood Holdings Inventory Turnover Historical Data

The historical data trend for Times Neighborhood 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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Times Neighborhood Holdings Inventory Turnover Chart

Times Neighborhood Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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292.33

429.99

1,106.96

829.53

594.76

Times Neighborhood Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial										791.08	462.87	276.37	318.96	284.03

Times Neighborhood Holdings Inventory Turnover Calculation

Times Neighborhood 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 )
=	273.885	/ (	(0.484	+	0.437)	/	2 )
=	273.885	/	0.4605
=	594.76

Times Neighborhood Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	143.052	/ (	(0.46	+	0.437)	/	2 )
=	143.052	/	0.4485
=	318.96

Times Neighborhood Holdings (OTCPK:TNHDF) 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.

Times Neighborhood Holdings's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.4485	/	143.052	*	365 / 2
	=	0.57

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.

Times Neighborhood Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.4485	/	175.002
	=	0.00

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.

Times Neighborhood Holdings Inventory Turnover Related Terms

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Times Neighborhood Holdings Business Description

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09928:Hong Kong

Address

No. 410 Dongfeng Middle Road, Room 1103, 11th Floor, Yuexiu District, Guangdong Province, Guangzhou, CHN

Website

http://www.shidaiwuye.com

Times Neighborhood Holdings Ltd. is an investment holding company engaged in the provision of property management services which include value-added services for non-property owners, community value-added services, and other professional services are among the company's offerings. The group's revenue comes entirely from its Mainland China operations.