Singamas Container Holdings (HKSE:00716) Inventory Turnover : 1.38 (As of Dec. 2023)

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What is Singamas Container 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. Singamas Container Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,273 Mil. Singamas Container Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$922 Mil. Singamas Container Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Singamas Container Holdings's Days Inventory for the six months ended in Dec. 2023 was 132.21.

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. Singamas Container Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.61.

Singamas Container Holdings Inventory Turnover Historical Data

The historical data trend for Singamas Container 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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Singamas Container Holdings Inventory Turnover Chart

Singamas Container Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.81

2.61

6.13

3.99

3.08

Singamas Container 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															3.38	2.09	2.07	1.39	1.38

Singamas Container Holdings Inventory Turnover Calculation

Singamas Container 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 )
=	2545.542	/ (	(822.621	+	832.47)	/	2 )
=	2545.542	/	827.5455
=	3.08

Singamas Container 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 )
=	1272.521	/ (	(1011.217	+	832.47)	/	2 )
=	1272.521	/	921.8435
=	1.38

Singamas Container Holdings (HKSE:00716) 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.

Singamas Container 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
	=	921.8435	/	1272.521	*	365 / 2
	=	132.21

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.

Singamas Container 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 )
	=	921.8435	/	1509.986
	=	0.61

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.

Singamas Container Holdings Inventory Turnover Related Terms

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Singamas Container Holdings (HKSE:00716) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Singamas Container Holdings Ltd (HKSE:00716) » Definitions » Inventory Turnover

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SNGSF:USA

Address

75-83 King’s Road, 19th Floor, SUP Tower, Hong Kong, HKG

Website

https://www.singamas.com

Singamas Container Holdings Ltd is a Hong Kong-based investment holding company. Its operations represent two business segments. The Manufacturing segment is the key revenue driver for the company. It involves the manufacturing of dry freight containers, collapsible flatrack containers, tank containers, offshore containers, other specialized containers, and container parts. The Logistics services segment is engaged in the provision of container storage, repair, and trucking services, serving as a freight station, container/cargo handling, and other container-related services. Its geographical segments include Hong Kong, Europe, the United States of America, Taiwan, Singapore, the Middle East, PRC, Korea, and Others.

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