Summit Ascent Holdings (HKSE:00102) Change In Inventory : HK$0.0 Mil (TTM As of Jun. 2023)

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What is Summit Ascent Holdings Change In Inventory?

Summit Ascent Holdings's change in inventory for the quarter that ended in Jun. 2023 was HK$0.0 Mil. It means Summit Ascent Holdings's inventory stayed the same from Dec. 2022 to Jun. 2023 .

Summit Ascent Holdings's change in inventory for the fiscal year that ended in Dec. 2022 was HK$-1.6 Mil. It means Summit Ascent Holdings's inventory increased by HK$1.6 Mil from Dec. 2021 to Dec. 2022 .

Summit Ascent Holdings's Total Inventories for the quarter that ended in Jun. 2023 was HK$3.2 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Summit Ascent Holdings's Days Inventory for the quarter that ended in Jun. 2023 was 88.98.

Inventory Turnover measures how fast the company turns over its inventory within a year. Summit Ascent Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 was 2.05.

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. Summit Ascent Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.02.

Summit Ascent Holdings Change In Inventory Historical Data

The historical data trend for Summit Ascent Holdings's Change In Inventory 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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Summit Ascent Holdings Change In Inventory Chart

Summit Ascent Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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0.66

-0.20

0.69

-0.46

-1.64

Summit Ascent Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Summit Ascent Holdings Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$0.0 Mil.

Summit Ascent Holdings (HKSE:00102) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Summit Ascent Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	3.782	/	7.757	*	365 / 2
	=	88.98

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Summit Ascent Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.757	/	3.782
	=	2.05

3. 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.

Summit Ascent Holdings's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.782	/	181.974
	=	0.02

Summit Ascent Holdings Change In Inventory Related Terms

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Summit Ascent Holdings (HKSE:00102) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Summit Ascent Holdings Ltd (HKSE:00102) » Definitions » Change In Inventory

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ION2:Germany

Address

200 Connaught Road Central, Unit 1704,17th Floor, West Tower, Shun Tak Centre, Hong Kong, HKG

Website

https://www.saholdings.com.hk

Summit Ascent Holdings Ltd is a Hong Kong-based investment holding company. The company's principal activities are converted to gaming and hotel operations following the divestiture of its business of trading of tiles and engineering operations products. The company's gaming and hotel operations are carried out through its equity holding in Oriental Regent, another investing holding company that owns equity interests in G1 Entertainment, while G1 Entertainment is a company that holds gaming licenses in certain regions of Russia.

Executives

Lo Kai Bong	2101 Beneficial owner
Victor Sky Holdings Limited	2501 Other
Let Group Holdings Limited	2501 Other
Allied Group Limited	2201 Interest of corporation controlled by you
Lee Seng Hui	2201 Interest of corporation controlled by you
Lee Seng Huang	2201 Interest of corporation controlled by you
Lee Su Hwei	2201 Interest of corporation controlled by you
First Asian Holdings Limited	2103 Interests held jointly with another person
Sun Hung Kai & Co. Limited	2201 Interest of corporation controlled by you
United Asia Finance Limited	2201 Interest of corporation controlled by you
Wooco Secretarial Services Limited	2104 Agent
Lee Shu Yin	2103 Interests held jointly with another person
Major Success Group Limited	2201 Interest of corporation controlled by you
Suncity Group Holdings Limited	2101 Beneficial owner

Summit Ascent Holdings (HKSE:00102) Headlines

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