China Resources Mixc Lifestyle Services (HKSE:01209) Inventory Turnover : 25.35 (As of Dec. 2023)

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What is China Resources Mixc Lifestyle Services 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 Resources Mixc Lifestyle Services's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$6,051 Mil. China Resources Mixc Lifestyle Services's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$239 Mil. China Resources Mixc Lifestyle Services's Inventory Turnover for the quarter that ended in Dec. 2023 was 25.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Resources Mixc Lifestyle Services's Days Inventory for the six months ended in Dec. 2023 was 7.20.

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 Resources Mixc Lifestyle Services's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

China Resources Mixc Lifestyle Services Inventory Turnover Historical Data

The historical data trend for China Resources Mixc Lifestyle Services'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 Resources Mixc Lifestyle Services Inventory Turnover Chart

China Resources Mixc Lifestyle Services Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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46.05

33.53

37.31

56.17

56.94

China Resources Mixc Lifestyle Services Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial							23.01	27.26	35.00	23.60	25.35

China Resources Mixc Lifestyle Services Inventory Turnover Calculation

China Resources Mixc Lifestyle Services'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 )
=	11017.278	/ (	(165.244	+	221.758)	/	2 )
=	11017.278	/	193.501
=	56.94

China Resources Mixc Lifestyle Services'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 )
=	6050.954	/ (	(255.549	+	221.758)	/	2 )
=	6050.954	/	238.6535
=	25.35

China Resources Mixc Lifestyle Services (HKSE:01209) 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 Resources Mixc Lifestyle Services'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
	=	238.6535	/	6050.954	*	365 / 2
	=	7.20

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 Resources Mixc Lifestyle Services'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 )
	=	238.6535	/	8721.387
	=	0.03

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 Resources Mixc Lifestyle Services Inventory Turnover Related Terms

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China Resources Mixc Lifestyle Services (HKSE:01209) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Resources Mixc Lifestyle Services Ltd (HKSE:01209) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 9668 Shennan Avenue, 30th Floor, China Resources Land Building, Tower B, Nanshan District, Shenzhen, CHN

Website

https://www.crmixclifestyle.com.cn

China Resources Mixc Lifestyle Services Ltd offers property management services. The business activities of the group function through two business segments namely the residential property management services segment and Commercial operational and property management services segment. Majority of revenue is generated from Commercial operational and property management services segment. The Group provides property management and value-added services to portfolios of residential properties, and also manages and operates a diversified and growing portfolio of commercial properties comprising shopping malls and office buildings. Geographically the company operates through the regions of China.

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