Gushengtang Holdings (HKSE:02273) Inventory Turnover : 6.67 (As of Dec. 2023)

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What is Gushengtang 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. Gushengtang Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,006 Mil. Gushengtang Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$151 Mil. Gushengtang Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gushengtang Holdings's Days Inventory for the six months ended in Dec. 2023 was 27.34.

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. Gushengtang Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.10.

Gushengtang Holdings Inventory Turnover Historical Data

The historical data trend for Gushengtang 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.

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Gushengtang Holdings Inventory Turnover Chart

Gushengtang Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.71

9.75

11.28

11.86

12.49

Gushengtang Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial					5.79	6.32	6.62	6.12	6.67

Gushengtang Holdings Inventory Turnover Calculation

Gushengtang 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 )
=	1775.588	/ (	(117.093	+	167.293)	/	2 )
=	1775.588	/	142.193
=	12.49

Gushengtang 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 )
=	1006.463	/ (	(134.312	+	167.293)	/	2 )
=	1006.463	/	150.8025
=	6.67

Gushengtang Holdings (HKSE:02273) 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.

Gushengtang 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
	=	150.8025	/	1006.463	*	365 / 2
	=	27.34

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.

Gushengtang 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 )
	=	150.8025	/	1462.628
	=	0.10

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.

Gushengtang Holdings Inventory Turnover Related Terms

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Gushengtang Holdings (HKSE:02273) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Gushengtang Holdings Ltd (HKSE:02273) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 419, Qingsha Road, Room 005, Dongchong Town, Nansha District, Guangzhou, CHN

Website

https://www.gstzy.cn

Gushengtang Holdings Ltd is a traditional Chinese medicine (TCM) company. Through offline medical institutions and online healthcare platforms, it provides customers with a comprehensive range of TCM healthcare services and products to address diverse medical and healthcare management needs. As all of the Group's revenue is derived from the PRC.

Executives

Tu Zhiliang	2501 Other
Wumianshan Ltd.	2201 Interest of corporation controlled by you
Frandor Limited
Tu Family Holdings Limited
Trident Trust Company (singapore) Pte. Limited
Dream True Limited
Action Thrive Group Limited	2101 Beneficial owner
Fmr Llc	2201 Interest of corporation controlled by you
Eight Roads Holdings Limited	2201 Interest of corporation controlled by you
Fil Limited	2201 Interest of corporation controlled by you
Eight Roads Shareholdings Limited	2201 Interest of corporation controlled by you
Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Johnson Iv Edward C.	2301 Trustee
Johnson Abigail P.	2301 Trustee

Gushengtang Holdings (HKSE:02273) Headlines

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