Tianjin Development Holdings (HKSE:00882) Inventory Turnover : 3.36 (As of Dec. 2023)

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What is Tianjin 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. Tianjin Development Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,099 Mil. Tianjin Development Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$328 Mil. Tianjin Development Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tianjin Development Holdings's Days Inventory for the six months ended in Dec. 2023 was 54.40.

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. Tianjin Development Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.22.

Tianjin Development Holdings Inventory Turnover Historical Data

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

Tianjin Development Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.93

1.93

3.42

6.87

7.07

Tianjin Development 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															1.58	3.23	3.51	3.63	3.36

Tianjin Development Holdings Inventory Turnover Calculation

Tianjin Development 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 )
=	2328.301	/ (	(340.265	+	318.69)	/	2 )
=	2328.301	/	329.4775
=	7.07

Tianjin Development 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 )
=	1098.847	/ (	(336.348	+	318.69)	/	2 )
=	1098.847	/	327.519
=	3.36

Tianjin Development Holdings (HKSE:00882) 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.

Tianjin Development 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
	=	327.519	/	1098.847	*	365 / 2
	=	54.40

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.

Tianjin Development 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 )
	=	327.519	/	1507.952
	=	0.22

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.

Tianjin Development Holdings Inventory Turnover Related Terms

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Tianjin Development Holdings (HKSE:00882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Tianjin Development Holdings Ltd (HKSE:00882) » Definitions » Inventory Turnover

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Traded in Other Exchanges

TJSCF:USA

Address

168-200 Connaught Road Central, Suites 7-13, 36th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, HKG

Website

http://www.tianjindev.com

Tianjin Development Holdings Ltd is a Chinese conglomerate engaged in utilities and various other services. It operates through six segments: The utility segment distributes electricity, water, heat, and thermal power to industrial, commercial, and residential customers. The Pharmaceutical segment manufactures and sells pharmaceutical products and provides pharmaceutical research and development, pharmaceutical packaging. The Hotels segment manages hotels. The electrical and Mechanical segment manufactures and sells presses, mechanical and hydroelectric equipment, and large-scale pump units. The Port Services segment offers port services. Elevators and Escalators segment manufactures and sells elevators and escalators. Nearly all of its revenue comes from China.

Executives

Teda Investment Holding Co., Ltd.
Tsinlien Group Company Limited
Tian Jin Tai Da Shi Ye Ji Tuan You Xian Gong Si
Tian Jin Bo Hai Guo You Zi Chan Jing Ying Guan Li You Xian Gong Si
Tianjin Teda Investment Holding Co., Ltd.	2201 Interest of corporation controlled by you

Tianjin Development Holdings (HKSE:00882) Headlines

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