Shun Tak Holdings (HKSE:00242) Inventory Turnover : 0.15 (As of Dec. 2023)

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What is Shun Tak 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. Shun Tak Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,468 Mil. Shun Tak Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$9,670 Mil. Shun Tak Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shun Tak Holdings's Days Inventory for the six months ended in Dec. 2023 was 1,202.23.

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. Shun Tak Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 3.76.

Shun Tak Holdings Inventory Turnover Historical Data

The historical data trend for Shun Tak 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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Shun Tak Holdings Inventory Turnover Chart

Shun Tak Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.43

0.12

0.16

0.13

0.20

Shun Tak Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.11	0.08	0.07	0.07	0.15

Shun Tak Holdings Inventory Turnover Calculation

Shun Tak 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 )
=	2220.274	/ (	(12040.001	+	10302.823)	/	2 )
=	2220.274	/	11171.412
=	0.20

Shun Tak 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 )
=	1467.855	/ (	(9036.322	+	10302.823)	/	2 )
=	1467.855	/	9669.5725
=	0.15

Shun Tak Holdings (HKSE:00242) 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.

Shun Tak 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
	=	9669.5725	/	1467.855	*	365 / 2
	=	1,202.23

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.

Shun Tak 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 )
	=	9669.5725	/	2572.99
	=	3.76

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.

Shun Tak Holdings Inventory Turnover Related Terms

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Shun Tak Holdings (HKSE:00242) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shun Tak Holdings Ltd (HKSE:00242) » Definitions » Inventory Turnover

Traded in Other Exchanges

SHTGF:USA XUN:Germany

Address

200 Connaught Road Central, Penthouse 39th Floor, West Tower, Shun Tak Centre, Hong Kong, HKG

Website

https://www.shuntakgroup.com

Shun Tak Holdings Ltd is a provider of multiple lines of services predominantly in Macau. Its main business is that of property development, contributing the majority of its revenue. Shun Tak's property segment covers commercial, residential, and retail property spaces. It operates through the following business segments: Property, Transportation, Hospitality, and Investment. The Property segment includes property development and sales, leasing, and management services. The Transportation segment provides passenger transportation services. The Hospitality segment performs hotel operations, hotel management, and travel agency services. The Investment segment involves investment holding and others.

Executives

Ho Chiu King Pansy Catilina	2101 Beneficial owner
Ho Chiu Fung, Daisy	2101 Beneficial owner
Classic Time Developments Limited	2101 Beneficial owner

Shun Tak Holdings (HKSE:00242) Headlines

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