New Sparkle Roll International Group (HKSE:00970) Inventory Turnover : 1.32 (As of Sep. 2023)

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What is New Sparkle Roll International Group 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. New Sparkle Roll International Group's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$1,520 Mil. New Sparkle Roll International Group's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$1,153 Mil. New Sparkle Roll International Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. New Sparkle Roll International Group's Days Inventory for the six months ended in Sep. 2023 was 138.43.

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. New Sparkle Roll International Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.66.

New Sparkle Roll International Group Inventory Turnover Historical Data

The historical data trend for New Sparkle Roll International Group'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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New Sparkle Roll International Group Inventory Turnover Chart

New Sparkle Roll International Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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3.02

2.97

4.77

3.37

2.64

New Sparkle Roll International Group 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															2.51	1.25	1.38	1.33	1.32

New Sparkle Roll International Group Inventory Turnover Calculation

New Sparkle Roll International Group'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 )
=	3419.528	/ (	(1361.173	+	1229.761)	/	2 )
=	3419.528	/	1295.467
=	2.64

New Sparkle Roll International Group'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 )
=	1519.674	/ (	(1229.761	+	1075.648)	/	2 )
=	1519.674	/	1152.7045
=	1.32

New Sparkle Roll International Group (HKSE:00970) 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.

New Sparkle Roll International Group'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
	=	1152.7045	/	1519.674	*	365 / 2
	=	138.43

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.

New Sparkle Roll International Group'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 )
	=	1152.7045	/	1733.707
	=	0.66

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.

New Sparkle Roll International Group Inventory Turnover Related Terms

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New Sparkle Roll International Group (HKSE:00970) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » New Sparkle Roll International Group Ltd (HKSE:00970) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Gloucester Road, 23rd Floor, China Huarong Tower, Wanchai, Hong Kong, HKG

Website

http://www.hk970.com

New Sparkle Roll International Group Ltd is an investment holding company. The operating segments of the company include Auto dealerships; Non-auto dealerships; Property management and Others. The company generates maximum revenue from the Auto dealership segment which includes the distribution of branded automobiles, namely Bentley, Lamborghini, and Rolls-Royce, and the provision of related after-sales services. Geographically, the company derives majority of its revenue from Mainland China and Hong Kong and has a presence in Malaysia.

Executives

Qiu Peiyuan	2401 A concert party to an agreement to buy shares
Pro Honor Investment Limited	2401 A concert party to an agreement to buy shares
Qiu Peiyuan	2401 A concert party to an agreement to buy shares
Sze Ching Lau	2101 Beneficial owner
Lam Chi Kin	2401 A concert party to an agreement to buy shares
Tsui Chun Mei	2202 Interest of your spouse
Cha Jung Hoon	2401 A concert party to an agreement to buy shares
Ho Chin Nang	2201 Interest of corporation controlled by you
Ubs Group Ag	2201 Interest of corporation controlled by you
Sparkle Roll Holdings Limited	2101 Beneficial owner
Tam Cho Wai Josephine
Xu Jiaying
Able Honour Holdings Limited

New Sparkle Roll International Group (HKSE:00970) Headlines

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