China Tangshang Holdings (HKSE:00674) Inventory Turnover : 0.23 (As of Sep. 2023)

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What is China Tangshang 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. China Tangshang Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$681.2 Mil. China Tangshang Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$2,939.4 Mil. China Tangshang Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Tangshang Holdings's Days Inventory for the six months ended in Sep. 2023 was 787.47.

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. China Tangshang Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 3.75.

China Tangshang Holdings Inventory Turnover Historical Data

The historical data trend for China Tangshang 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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China Tangshang Holdings Inventory Turnover Chart

China Tangshang Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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2.69

1.77

0.06

0.19

0.25

China Tangshang 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															-	0.18	0.60	0.05	0.23

China Tangshang Holdings Inventory Turnover Calculation

China Tangshang 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 )
=	468.604	/ (	(837.029	+	2939.392)	/	2 )
=	468.604	/	1888.2105
=	0.25

China Tangshang 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 )
=	681.218	/ (	(2939.392	+	0)	/	1 )
=	681.218	/	2939.392
=	0.23

China Tangshang Holdings (HKSE:00674) 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.

China Tangshang 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
	=	2939.392	/	681.218	*	365 / 2
	=	787.47

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.

China Tangshang 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 )
	=	2939.392	/	784.202
	=	3.75

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.

China Tangshang Holdings Inventory Turnover Related Terms

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China Tangshang Holdings (HKSE:00674) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Tangshang Holdings Ltd (HKSE:00674) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 Austin Road, Unit 1201, 12th Floor, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.ts674.com

China Tangshang Holdings Ltd is a Hong Kong-based investment holding company. It operates in the segments of Property sub-leasing and investment business; Property development business and Money lending business. A majority of revenue is derived from the Property development business which involves the development of real estate. The group's operations are mainly located in Hong Kong and the PRC.

Executives

Chen Weiwu	2101 Beneficial owner
Shenzhen Tangshang Industrial Group Co., Ltd	2201 Interest of corporation controlled by you
Jiang Dingwei	2201 Interest of corporation controlled by you
Shenzhen Yaoling Investment Company Limited	2101 Beneficial owner

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