Beijing Capital Grand (HKSE:01329) Inventory Turnover : 0.57 (As of Dec. 2023)

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What is Beijing Capital Grand 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. Beijing Capital Grand's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,516 Mil. Beijing Capital Grand's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$2,667 Mil. Beijing Capital Grand's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Beijing Capital Grand's Days Inventory for the six months ended in Dec. 2023 was 321.08.

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. Beijing Capital Grand's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.63.

Beijing Capital Grand Inventory Turnover Historical Data

The historical data trend for Beijing Capital Grand'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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Beijing Capital Grand Inventory Turnover Chart

Beijing Capital Grand Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.50

0.33

0.30

0.23

0.74

Beijing Capital Grand Semi-Annual Data
	Mar14	Sep14	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															0.16	0.10	0.13	0.15	0.57

Beijing Capital Grand Inventory Turnover Calculation

Beijing Capital Grand'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 )
=	1971.844	/ (	(3004.329	+	2344.255)	/	2 )
=	1971.844	/	2674.292
=	0.74

Beijing Capital Grand'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 )
=	1515.931	/ (	(2989.866	+	2344.255)	/	2 )
=	1515.931	/	2667.0605
=	0.57

Beijing Capital Grand (HKSE:01329) 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.

Beijing Capital Grand'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
	=	2667.0605	/	1515.931	*	365 / 2
	=	321.08

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.

Beijing Capital Grand'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 )
	=	2667.0605	/	1639.331
	=	1.63

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.

Beijing Capital Grand Inventory Turnover Related Terms

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Beijing Capital Grand (HKSE:01329) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Beijing Capital Grand Ltd (HKSE:01329) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 8 North 3rd Ring East Road, West Area, 7th Floor, Jing An Centre, Chaoyang District, Beijing, CHN

Website

https://www.bcgrand.com

Beijing Capital Grand Ltd is a commercial property developer in China property market. It is engaged in the development of outlets-backed integrated property and commercial property development and operations. The company segments namely Property development, Investment property development and operation, Sale of merchandise inventories, and other segments. The segment of Investment property development and operation, which is the key revenue contributor, derives revenue from rental income.

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