Risecomm Group Holdings (HKSE:01679) Inventory Turnover : 2.20 (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Risecomm Group 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. Risecomm Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$57.3 Mil. Risecomm Group Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$26.0 Mil. Risecomm Group Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Risecomm Group Holdings's Days Inventory for the six months ended in Dec. 2023 was 82.85.

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. Risecomm Group Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.40.

Risecomm Group Holdings Inventory Turnover Historical Data

The historical data trend for Risecomm Group 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.

* Premium members only.

Risecomm Group Holdings Inventory Turnover Chart

Risecomm Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

5.16

7.69

10.89

4.90

3.13

Risecomm Group Holdings Semi-Annual Data
	Dec14	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													9.21	2.51	2.70	1.00	2.20

Risecomm Group Holdings Inventory Turnover Calculation

Risecomm Group 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 )
=	86.737	/ (	(31.06	+	24.38)	/	2 )
=	86.737	/	27.72
=	3.13

Risecomm Group 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 )
=	57.326	/ (	(27.672	+	24.38)	/	2 )
=	57.326	/	26.026
=	2.20

Risecomm Group Holdings (HKSE:01679) 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.

Risecomm Group 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
	=	26.026	/	57.326	*	365 / 2
	=	82.85

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.

Risecomm Group 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 )
	=	26.026	/	65.366
	=	0.40

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.

Risecomm Group Holdings Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Risecomm Group Holdings's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Risecomm Group Holdings (HKSE:01679) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Risecomm Group Holdings Ltd (HKSE:01679) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xili Street, 41st Floor, Block A, Building 8, Shenzhen International Innovation Valley, Nanshan Distric, Shenzhen, CHN, 518055

Website

https://www.risecomm.com.cn

Risecomm Group Holdings Ltd is an investment holding company. It operates in two business segments namely, Automated Meter Reading (AMR) and other includes design, development, and sale of power line communication products and energy-saving and environmental protection products and solutions used in streetlight control, building energy management, photovoltaic power management, and providing maintenance services in connections with the deployment and upgrading of AMR systems in PRC; and Smart manufacturing & industrial automation (SMIA) business segment includes the sales of the software license, safety products as well as the provision of software post-contract customers support services. It generates revenue from AMR business. Geographically, it derives revenue from the PRC.

Executives

Fu Xiaoqin	2101 Beneficial owner
Xindaxin Group Company Limited	2101 Beneficial owner
Silver Castle International Limited	2201 Interest of corporation controlled by you
Yan Andrew Y	2201 Interest of corporation controlled by you
Wu Yueshi	2201 Interest of corporation controlled by you
Sb Asia Investment Fund Ii L.p.	2101 Beneficial owner
Saif Partners Ii Lp	2201 Interest of corporation controlled by you
Saif Ii Gp Lp	2201 Interest of corporation controlled by you
Saif Ii Gp Capital Ltd.	2201 Interest of corporation controlled by you
Cisco Systems, Inc.	2201 Interest of corporation controlled by you
Liu Bei Bei	2101 Beneficial owner
Yu Lu	2101 Beneficial owner
Ding Zhigang	2101 Beneficial owner
Ning Jun	2101 Beneficial owner
Spitzer Fund Vi L.p.

Risecomm Group Holdings (HKSE:01679) Headlines

No Headlines