Sino-Life Group (HKSE:08296) Inventory Turnover : 6.25 (As of Dec. 2023)

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What is Sino-Life 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. Sino-Life Group's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$8.20 Mil. Sino-Life Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1.31 Mil. Sino-Life Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sino-Life Group's Days Inventory for the three months ended in Dec. 2023 was 14.59.

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. Sino-Life Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.07.

Sino-Life Group Inventory Turnover Historical Data

The historical data trend for Sino-Life 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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Sino-Life Group Inventory Turnover Chart

Sino-Life Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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33.35

31.94

22.35

22.46

27.43

Sino-Life Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															7.57	10.26	4.32	4.34	6.25

Sino-Life Group Inventory Turnover Calculation

Sino-Life 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 )
=	42.755	/ (	(1.806	+	1.311)	/	2 )
=	42.755	/	1.5585
=	27.43

Sino-Life 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	8.2	/ (	(0	+	1.311)	/	1 )
=	8.2	/	1.311
=	6.25

Sino-Life Group (HKSE:08296) 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.

Sino-Life Group's Days Inventory for the three 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
	=	1.311	/	8.2	*	365 / 4
	=	14.59

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.

Sino-Life 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 )
	=	1.311	/	18.802
	=	0.07

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.

Sino-Life Group Inventory Turnover Related Terms

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Sino-Life Group (HKSE:08296) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Sino-Life Group Ltd (HKSE:08296) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Wing Lok Street, 18th Floor, Ovest, Sheung Wan, Hong Kong, HKG

Website

https://www.sinolifegroup.com//index_en.asp

Sino-Life Group Ltd offers funeral services. It is primarily engaged in the provision of funeral and related services, the sale of burial plots and provision of cemetery maintenance services. The company operates in the segments of Funeral services, Elderly care services, and Stem cells and immunocytes business. It derives prime revenue from the Funeral services segment. Geographically, the group has a business presence in the PRC, Taiwan, Hong Kong, and Vietnam, of which a majority of revenue is generated from the PRC.

Executives

Ou Yafei	2101 Beneficial owner
Shen Zhen Shi Nan Yue Tian Che Sheng Wu Zhi Neng Zhuang Bei Tou Zi You Xian Gong Si	2106 Person having a security interest in shares
Xiang Gang Gao Qi Sheng Wu Ke Ji You Xian Gong Si	2101 Beneficial owner

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