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Grand Ming Group Holdings (HKSE:01271) Inventory-to-Revenue : 9.32 (As of Sep. 2023)


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What is Grand Ming Group Holdings Inventory-to-Revenue?

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. Grand Ming Group Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$1,786.0 Mil. Grand Ming Group Holdings's Revenue for the six months ended in Sep. 2023 was HK$191.7 Mil. Grand Ming Group Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 9.32.

Grand Ming Group Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 declined from Mar. 2023 (19.03) to Mar. 2023 (9.32)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grand Ming Group Holdings's Days Inventory for the six months ended in Sep. 2023 was 3,455.29.

Inventory Turnover measures how fast the company turns over its inventory within a year. Grand Ming Group Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.05.


Grand Ming Group Holdings Inventory-to-Revenue Historical Data

The historical data trend for Grand Ming Group Holdings's Inventory-to-Revenue 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.

Grand Ming Group Holdings Inventory-to-Revenue Chart

Grand Ming Group Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.32 2.47 1.87 4.49 0.59

Grand Ming Group Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.60 16.17 0.57 19.03 9.32

Competitive Comparison of Grand Ming Group Holdings's Inventory-to-Revenue

For the Engineering & Construction subindustry, Grand Ming Group Holdings's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Grand Ming Group Holdings's Inventory-to-Revenue Distribution in the Construction Industry

For the Construction industry and Industrials sector, Grand Ming Group Holdings's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Grand Ming Group Holdings's Inventory-to-Revenue falls into.



Grand Ming Group Holdings Inventory-to-Revenue Calculation

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.

Grand Ming Group Holdings's Inventory-to-Revenue for the fiscal year that ended in Mar. 2023 is calculated as

Inventory-to-Revenue (A: Mar. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Mar. 2022 ) + Total Inventories (A: Mar. 2023 )) / count ) / Revenue (A: Mar. 2023 )
=( (4133.991 + 1727.828) / 2 ) / 5004.56
=2930.9095 / 5004.56
=0.59

Grand Ming Group Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue (Q: Sep. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count ) / Revenue (Q: Sep. 2023 )
=( (1727.828 + 1844.202) / 2 ) / 191.702
=1786.015 / 191.702
=9.32

* 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.


Grand Ming Group Holdings  (HKSE:01271) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Grand Ming Group Holdings's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2023 )/Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=1786.015/94.333*365 / 2
=3,455.29

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

Grand Ming Group Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2023 ) / Average Total Inventories (Q: Sep. 2023 )
=94.333 / 1786.015
=0.05

* 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.


Grand Ming Group Holdings Inventory-to-Revenue Related Terms

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Grand Ming Group Holdings (HKSE:01271) Business Description

Traded in Other Exchanges
N/A
Address
No. 39 Chatham Road South, 22nd Floor, Railway Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Grand Ming Group Holdings Ltd is an investment holding company. The segments in which the company operates include Construction is a key revenue driver, which includes contracts for residential buildings, commercial buildings, and data centers; Property leasing, which includes leasing of data centers; and Property development segment includes the development and sale of properties. All of its activities are carried out in Hong Kong.

Grand Ming Group Holdings (HKSE:01271) Headlines

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