Central Development Holdings (HKSE:00475) Inventory Turnover : 34.92 (As of Sep. 2023)

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What is Central Development 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. Central Development Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$87.2 Mil. Central Development Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$2.5 Mil. Central Development Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 34.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Central Development Holdings's Days Inventory for the six months ended in Sep. 2023 was 5.23.

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. Central Development Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.03.

Central Development Holdings Inventory Turnover Historical Data

The historical data trend for Central Development 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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Central Development Holdings Inventory Turnover Chart

Central Development Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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80.50

23.46

7.90

32.03

68.25

Central Development 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 Turnover	Get a 7-Day Free Trial															11.15	24.18	39.54	48.80	34.92

Central Development Holdings Inventory Turnover Calculation

Central Development Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	243.248	/ (	(4.701	+	2.427)	/	2 )
=	243.248	/	3.564
=	68.25

Central Development Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	87.178	/ (	(2.427	+	2.566)	/	2 )
=	87.178	/	2.4965
=	34.92

Central Development Holdings (HKSE:00475) 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.

Central Development 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
	=	2.4965	/	87.178	*	365 / 2
	=	5.23

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.

Central Development Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	2.4965	/	90.717
	=	0.03

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.

Central Development Holdings Inventory Turnover Related Terms

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Central Development Holdings (HKSE:00475) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Central Development Holdings Ltd (HKSE:00475) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

178 Gloucester Road, Room 2202, 22nd Floor, Wanchai, Chinachem Century Tower, Hong Kong, HKG

Website

http://www.475hk.com

Central Development Holdings Ltd is principally engaged in the Jewelry business and Solar energy business segments. The Jewelry business segment involves the wholesale of jewelry. Its Solar Energy business segment includes manufacturing and sales of solar cooling intelligent technology products using thermal cooling-stored pipes and sales of solar photovoltaic modules and components and provision of energy efficiency analysis and technology improvement advisory services on solar energy projects. The company generates maximum revenue from Liquefied natural gas (LNG) geographically, it derives a majority of its revenue from PRC.

Executives

Zhang Bing
Hu Yangjun	2101 Beneficial owner
Zhang Qi	2202 Interest of your spouse
Zhang Bing	2101 Beneficial owner
Resources Rich Capital Limited
Hu Yishi
Lin Min,mindy

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