Bright Smart Securitiesmmodities Group (HKSE:01428) Inventory Turnover : 0.00 (As of Sep. 2023)

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What is Bright Smart Securitiesmmodities 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. Bright Smart Securitiesmmodities Group's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$63.4 Mil. Bright Smart Securitiesmmodities Group's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bright Smart Securitiesmmodities Group's Days Inventory for the six months ended in Sep. 2023 was 0.00.

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. Bright Smart Securitiesmmodities Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.00.

Bright Smart Securitiesmmodities Group Inventory Turnover Historical Data

The historical data trend for Bright Smart Securitiesmmodities 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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Bright Smart Securitiesmmodities Group Inventory Turnover Chart

Bright Smart Securitiesmmodities Group Annual Data

Trend

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Mar23

Inventory Turnover

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Bright Smart Securitiesmmodities 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															-	-	-	-	-

Bright Smart Securitiesmmodities Group Inventory Turnover Calculation

Bright Smart Securitiesmmodities 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 )
=	103.317	/ (	(0	+	0)	/	1 )
=	103.317	/	0
=	N/A

Bright Smart Securitiesmmodities 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 )
=	63.388	/ (	(0	+	0)	/	1 )
=	63.388	/	0
=	N/A

Bright Smart Securitiesmmodities Group (HKSE:01428) 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.

Bright Smart Securitiesmmodities 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
	=	0	/	63.388	*	365 / 2
	=	0.00

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.

Bright Smart Securitiesmmodities 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 )
	=	0	/	440.016
	=	0.00

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.

Bright Smart Securitiesmmodities Group Inventory Turnover Related Terms

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Bright Smart Securitiesmmodities Group (HKSE:01428) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bright Smart Securities & Commodities Group Ltd (HKSE:01428) » Definitions » Inventory Turnover

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0BX:Germany

Address

71 Des Voeux Road Central, 10th Floor and 23rd Floor, Wing On House, Central, Hong Kong, HKG

Website

https://www.bsgroup.com.hk

Bright Smart Securities & Commodities Group Ltd is a company that principally provides financial services. The company operates via three segments. The Securities broking segment offers broking services in securities traded in Hong Kong and select overseas markets and provides margin financing services to its broking customers. The Commodities and futures broking segment offers broking services in commodities and futures contracts traded in Hong Kong and overseas markets. The Bullion trading segment provides trading services in bullion contracts traded in overseas markets. The company generates most of its revenue from the Securities broking segment.

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