Redsun Services Group (HKSE:01971) Inventory Turnover : 63.46 (As of Dec. 2023)

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What is Redsun Services 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. Redsun Services Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$424 Mil. Redsun Services Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$7 Mil. Redsun Services Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 63.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Redsun Services Group's Days Inventory for the six months ended in Dec. 2023 was 2.88.

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. Redsun Services Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Redsun Services Group Inventory Turnover Historical Data

The historical data trend for Redsun Services 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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Redsun Services Group Inventory Turnover Chart

Redsun Services Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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13,701.31

19,586.69

169.00

97.87

131.45

Redsun Services Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial							86.24	42.75	54.88	61.14	63.46

Redsun Services Group Inventory Turnover Calculation

Redsun Services Group'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 )
=	887.263	/ (	(7.638	+	5.862)	/	2 )
=	887.263	/	6.75
=	131.45

Redsun Services Group'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 )
=	424.255	/ (	(7.509	+	5.862)	/	2 )
=	424.255	/	6.6855
=	63.46

Redsun Services Group (HKSE:01971) 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.

Redsun Services Group'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
	=	6.6855	/	424.255	*	365 / 2
	=	2.88

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.

Redsun Services Group'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 )
	=	6.6855	/	568.681
	=	0.01

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.

Redsun Services Group Inventory Turnover Related Terms

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Redsun Services Group (HKSE:01971) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Redsun Services Group Ltd (HKSE:01971) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 9 Daqiao North Road, 25th Floor, Hong Yang Building, Jiangsu Province, Nanjing, CHN

Website

http://www.rsunservice.hk

Redsun Services Group Ltd is a community service provider in Jiangsu province, China, with balanced property management abilities in the management of residential and commercial properties. The company provides property owners, commercial, residents and tenants with a wide range of property management services, including, among others, security, cleaning, greening and gardening, facility management, and repairs and maintenance services. It also provides Value-added services to non-property owners; and Community value-added services. It derives revenue from the provision of property management services, value-added services to non-property owners and community value-added services in Mainland China.

Executives

Hong Yang Group (holdings) Limited	2201 Interest of corporation controlled by you
Hong Yang Group Company Limited	2201 Interest of corporation controlled by you
Hong Yang International Limited	2201 Interest of corporation controlled by you
Redsun Services Group (holdings) Limited	2101 Beneficial owner
Chen Sihong	2202 Interest of your spouse
Zeng Huansha	2201 Interest of corporation controlled by you

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