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Shenglong Splendecor International (HKSE:08481) Inventory Turnover : 3.39 (As of Dec. 2023)


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What is Shenglong Splendecor International 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. Shenglong Splendecor International's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$105.0 Mil. Shenglong Splendecor International's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$30.9 Mil. Shenglong Splendecor International's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenglong Splendecor International's Days Inventory for the three months ended in Dec. 2023 was 26.89.

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. Shenglong Splendecor International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.18.


Shenglong Splendecor International Inventory Turnover Historical Data

The historical data trend for Shenglong Splendecor International'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.

* Premium members only.

Shenglong Splendecor International Inventory Turnover Chart

Shenglong Splendecor International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.69 6.43 9.56 9.60 13.62

Shenglong Splendecor International 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.03 2.81 3.96 4.53 3.39

Shenglong Splendecor International Inventory Turnover Calculation

Shenglong Splendecor International'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 )
=420.504 / ((30.817 + 30.939) / 2 )
=420.504 / 30.878
=13.62

Shenglong Splendecor International'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 )
=104.978 / ((0 + 30.939) / 1 )
=104.978 / 30.939
=3.39

* 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.


Shenglong Splendecor International  (HKSE:08481) 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.

Shenglong Splendecor International'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
=30.939/104.978*365 / 4
=26.89

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.

Shenglong Splendecor International'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 )
=30.939 / 171.957
=0.18

* 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.


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.


Shenglong Splendecor International Inventory Turnover Related Terms

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Shenglong Splendecor International (HKSE:08481) Business Description

Traded in Other Exchanges
N/A
Address
No. 55 Shangyang Road, Yangdai Village, Jinnan sub-district, Zhejiang, Lin’an City, Hangzhou, CHN, 311301
Shenglong Splendecor International Ltd is an investment holding. It is engaged in the manufacturing of decorative printing materials products based in China. Its products include melamine impregnated paper, finish foil paper, PVC furniture film, and PVC flooring film. Geographically, it derives a majority of its revenue from China.
Executives
Chen Deqin 2202 Interest of your spouse
Sheng Yingming 2101 Beneficial owner

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