Poly Developments and Holdings Group Co (SHSE:600048) Inventory Turnover : 0.05 (As of Mar. 2024)

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What is Poly Developments and Holdings 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. Poly Developments and Holdings Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥40,477 Mil. Poly Developments and Holdings Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥870,703 Mil. Poly Developments and Holdings Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Poly Developments and Holdings Group Co's Days Inventory for the three months ended in Mar. 2024 was 1,962.87.

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. Poly Developments and Holdings Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 17.50.

Poly Developments and Holdings Group Co Inventory Turnover Historical Data

The historical data trend for Poly Developments and Holdings 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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Poly Developments and Holdings Group Co Inventory Turnover Chart

Poly Developments and Holdings Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.29

0.25

0.27

0.26

0.33

Poly Developments and Holdings Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.04	0.09	0.05	0.16	0.05

Poly Developments and Holdings Group Co Inventory Turnover Calculation

Poly Developments and Holdings 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 )
=	291308.02	/ (	(877893.193	+	869508.464)	/	2 )
=	291308.02	/	873700.8285
=	0.33

Poly Developments and Holdings Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	40477.325	/ (	(869508.464	+	871897.075)	/	2 )
=	40477.325	/	870702.7695
=	0.05

Poly Developments and Holdings Group Co (SHSE:600048) 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.

Poly Developments and Holdings Group Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	870702.7695	/	40477.325	*	365 / 4
	=	1,962.87

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.

Poly Developments and Holdings Group Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	870702.7695	/	49748.497
	=	17.50

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.

Poly Developments and Holdings Group Co Inventory Turnover Related Terms

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Poly Developments and Holdings Group Co (SHSE:600048) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Poly Developments and Holdings Group Co Ltd (SHSE:600048) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 688 Yuejiang Middle Road, Poly International Square North Tower, 30-33 Layer, Haizhu District, Guangdong Province, Guangzhou, CHN, 510308

Website

http://www.polycn.com

Poly Developments and Holdings is a large real estate developer in China. It is ranked number five by sales value among all Chinese developers in 2019. It has over 600 projects across 100 cities. Property development accounts for 95% of earnings, with property investments and finance income contributing the rest. The company is a subsidiary of China Poly Group, a prominent central-government-controlled state-owned enterprise with ties to the military. China Poly Group holds an aggregate controlling stake of 41% in the company.

Executives

Zhou Dong Li	Directors, senior managers
Huang Hai	senior management
Zhang Yan Hua	senior management
Liu Wen Sheng	senior management
Kong Jun Feng	Supervisors
Pan Zhi Hua	senior management
Liu Ying Chuan	senior management
Zhang Wei	senior management
Liu Ping	Director
Wang Quan Liang	senior management
Hu Zai Xin	senior management
Zhang Wan Shun	Director
Chen Dong Ju	senior management
Wang Jian	senior management
Song Guang Ju	Director

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