Zhong An Intelligent Living Service (HKSE:02271) Inventory Turnover : 1,622.78 (As of Jun. 2023)

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What is Zhong An Intelligent Living Service 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. Zhong An Intelligent Living Service's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$120.1 Mil. Zhong An Intelligent Living Service's Average Total Inventories for the quarter that ended in Jun. 2023 was HK$0.1 Mil. Zhong An Intelligent Living Service's Inventory Turnover for the quarter that ended in Jun. 2023 was 1,622.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhong An Intelligent Living Service's Days Inventory for the six months ended in Jun. 2023 was 0.11.

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. Zhong An Intelligent Living Service's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.00.

Zhong An Intelligent Living Service Inventory Turnover Historical Data

The historical data trend for Zhong An Intelligent Living Service'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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Zhong An Intelligent Living Service Inventory Turnover Chart

Zhong An Intelligent Living Service Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

435.49

595.38

1,248.75

1,578.30

Zhong An Intelligent Living Service Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			385.46	1,245.13	1,235.82	1,622.78	861.86

Zhong An Intelligent Living Service Inventory Turnover Calculation

Zhong An Intelligent Living Service's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	0	/ (	(0.099	+	0.077)	/	2 )
=	0	/	0.088
=	0.00

Zhong An Intelligent Living Service's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	120.086	/ (	(0.082	+	0.066)	/	2 )
=	120.086	/	0.074
=	1,622.78

Zhong An Intelligent Living Service (HKSE:02271) 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.

Zhong An Intelligent Living Service's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0.074	/	120.086	*	365 / 2
	=	0.11

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.

Zhong An Intelligent Living Service's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.074	/	181.305
	=	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.

Zhong An Intelligent Living Service Inventory Turnover Related Terms

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Zhong An Intelligent Living Service (HKSE:02271) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Zhong An Intelligent Living Service Ltd (HKSE:02271) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 996, Xiaoshao Road, 3rd Floor, Hangzhou, Zhejiang Province, Xiaoshan, CHN

Website

http://www.zazhsh.com

Zhong An Intelligent Living Service Ltd is a integrated property management service provider.

Executives

Whole Good Management Limited	2201 Interest of corporation controlled by you
Zhong An Group Limited	2201 Interest of corporation controlled by you
Zhong An Service Holding Limited	2101 Beneficial owner
Shi Zhongan	2201 Interest of corporation controlled by you
Orient Asset Management (hong Kong) Limited	2102 Investment manager
Orient Finance Holdings (hong Kong) Limited	2201 Interest of corporation controlled by you
Orient Securities Company Limited	2201 Interest of corporation controlled by you
Orient Securities International Financial Group Limited	2201 Interest of corporation controlled by you

Zhong An Intelligent Living Service (HKSE:02271) Headlines

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