Hung Ching Developmentnstruction Co (TPE:2527) Inventory Turnover : 0.02 (As of Mar. 2024)

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What is Hung Ching Developmentnstruction 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. Hung Ching Developmentnstruction Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$253 Mil. Hung Ching Developmentnstruction Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$14,343 Mil. Hung Ching Developmentnstruction Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hung Ching Developmentnstruction Co's Days Inventory for the three months ended in Mar. 2024 was 5,165.97.

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. Hung Ching Developmentnstruction Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 33.46.

Hung Ching Developmentnstruction Co Inventory Turnover Historical Data

The historical data trend for Hung Ching Developmentnstruction 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.

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Hung Ching Developmentnstruction Co Inventory Turnover Chart

Hung Ching Developmentnstruction Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.46

0.28

0.59

0.09

0.14

Hung Ching Developmentnstruction Co 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															0.01	0.01	0.12	0.01	0.02

Hung Ching Developmentnstruction Co Inventory Turnover Calculation

Hung Ching Developmentnstruction 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 )
=	1640.147	/ (	(10028.776	+	14043.171)	/	2 )
=	1640.147	/	12035.9735
=	0.14

Hung Ching Developmentnstruction Co'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 )
=	253.354	/ (	(14043.171	+	14643.3)	/	2 )
=	253.354	/	14343.2355
=	0.02

Hung Ching Developmentnstruction Co (TPE:2527) 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.

Hung Ching Developmentnstruction Co'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
	=	14343.2355	/	253.354	*	365 / 4
	=	5,165.97

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.

Hung Ching Developmentnstruction Co'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 )
	=	14343.2355	/	428.729
	=	33.46

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.

Hung Ching Developmentnstruction Co Inventory Turnover Related Terms

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Hung Ching Developmentnstruction Co (TPE:2527) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hung Ching Development & Construction Co Ltd (TPE:2527) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Keelung Road, 10th Floor, No.420, Section 1, Taipei, TWN

Website

http://www.asehcc.com.tw

Hung Ching Development & Construction Co Ltd is a Taiwan-based real estate company. It is engaged in the construction of national residential and commercial buildings for rent and sale. It is also engaged in the trading of various building materials. Reporting segments of the Group are divided into Real estate development, Construction, and Lease; Real estate is the key revenue driver for the company. Real estate development conducting sales of residential and commercial property and plant. Construction provides the building of residential and commercial property and plants. The leasing segment includes the lease of investment property.

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