Hevol Services Group Co (HKSE:06093) Inventory Turnover : 341.45 (As of Dec. 2023)

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What is Hevol Services Group Co 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. Hevol Services Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$579 Mil. Hevol Services Group Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$2 Mil. Hevol Services Group Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 341.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hevol Services Group Co's Days Inventory for the six months ended in Dec. 2023 was 0.53.

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. Hevol Services Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Hevol Services Group Co Inventory Turnover Historical Data

The historical data trend for Hevol Services Group Co'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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Hevol Services Group Co Inventory Turnover Chart

Hevol Services Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1,873.32

1,923.82

1,327.76

660.04

643.99

Hevol Services Group Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial									618.86	407.84	335.22	265.60	341.45

Hevol Services Group Co Inventory Turnover Calculation

Hevol Services Group Co'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 )
=	1068.695	/ (	(1.808	+	1.511)	/	2 )
=	1068.695	/	1.6595
=	643.99

Hevol Services Group Co'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 )
=	578.922	/ (	(1.88	+	1.511)	/	2 )
=	578.922	/	1.6955
=	341.45

Hevol Services Group Co (HKSE:06093) 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.

Hevol Services Group Co'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
	=	1.6955	/	578.922	*	365 / 2
	=	0.53

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.

Hevol Services Group Co'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 )
	=	1.6955	/	728.933
	=	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.

Hevol Services Group Co Inventory Turnover Related Terms

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Hevol Services Group Co (HKSE:06093) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hevol Services Group Co Ltd (HKSE:06093) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18A Zhongguancun South Street, 16th Floor, Block D, Newlogo International Building, Haidian District, Beijing, CHN, 100081

Website

http://www.hevolwy.com.cn

Hevol Services Group Co Ltd is engaged in the provision of property management services and related value-added services in the PRC. The firm's operating segments are Property management services, Community value-added services, and Value-added services to non-property owners. The company generates a majority of its revenue from the Property management segment. Geographically, it generates revenue from the People's Republic of China. The company's projects are Sanya Hehong Holiday Sunshine, Chongqing Hehong Wenhua Mansion, and Changsha Hehong Taoli Chunfeng among others.

Executives

Brilliant Brother Group Limited	2101 Beneficial owner
Liu Hong	2202 Interest of your spouse
Liu Jiang	2201 Interest of corporation controlled by you

Hevol Services Group Co (HKSE:06093) Headlines

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