Pa Shun International Holdings (HKSE:00574) Inventory Turnover : 5.51 (As of Dec. 2023)

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What is Pa Shun International 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. Pa Shun International Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$40.8 Mil. Pa Shun International Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$7.4 Mil. Pa Shun International Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pa Shun International Holdings's Days Inventory for the six months ended in Dec. 2023 was 33.15.

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. Pa Shun International Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.15.

Pa Shun International Holdings Inventory Turnover Historical Data

The historical data trend for Pa Shun International 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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Pa Shun International Holdings Inventory Turnover Chart

Pa Shun International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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22.45

28.67

5.67

7.26

16.03

Pa Shun International 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															3.28	3.43	4.64	8.22	5.51

Pa Shun International Holdings Inventory Turnover Calculation

Pa Shun International 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 )
=	109.378	/ (	(7.762	+	5.882)	/	2 )
=	109.378	/	6.822
=	16.03

Pa Shun International 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 )
=	40.776	/ (	(8.932	+	5.882)	/	2 )
=	40.776	/	7.407
=	5.51

Pa Shun International Holdings (HKSE:00574) 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.

Pa Shun International 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
	=	7.407	/	40.776	*	365 / 2
	=	33.15

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.

Pa Shun International 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 )
	=	7.407	/	50.968
	=	0.15

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.

Pa Shun International Holdings Inventory Turnover Related Terms

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Pa Shun International Holdings (HKSE:00574) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Pa Shun International Holdings Ltd (HKSE:00574) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

229 Wufuqiao East Road, No. 608-616, Building 28, Longfor North Paradise Walk 2, Jinniu District, Sichuan Province, Chengdu, CHN

Website

http://www.pashun.com.cn

Pa Shun International Holdings Ltd is an investment holding company engaged in the manufacturing and distribution of pharmaceutical products. The business activity of the group is operated through Pharmaceutical distribution and Pharmaceutical manufacturing segment. Geographically all the activities are carried out in the PRC. The company derives the majority of revenue from the Pharmaceutical distribution segment which include sales of pharmaceutical products to wholesalers, franchise retail pharmacy chain stores and hospitals and other medical institutions in rural areas.

Executives

Zhongtai International Asset Management (singapore) Pte. Ltd.	2102 Investment manager
Arab Osman Mohammed	2104 Agent
Lai Wing Lun	2104 Agent
Win Win Stable No.3 Fund Sp	2106 Person having a security interest in shares
Zhongtai Innovation Capital Management Limited	2102 Investment manager
Chen Yenfei	2101 Beneficial owner
Praise Treasure Limited	2101 Beneficial owner

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