Digital China Holdings (HKSE:00861) Inventory Turnover : 9.58 (As of Dec. 2023)

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What is Digital China 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. Digital China Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$10,968 Mil. Digital China Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1,145 Mil. Digital China Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 9.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Digital China Holdings's Days Inventory for the six months ended in Dec. 2023 was 19.05.

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. Digital China Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.09.

Digital China Holdings Inventory Turnover Historical Data

The historical data trend for Digital China 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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Digital China Holdings Inventory Turnover Chart

Digital China Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.25

7.36

6.56

8.44

15.38

Digital China Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															4.41	3.27	6.59	4.49	9.58

Digital China Holdings Inventory Turnover Calculation

Digital China 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 )
=	17058.237	/ (	(1321.364	+	897.148)	/	2 )
=	17058.237	/	1109.256
=	15.38

Digital China 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 )
=	10967.847	/ (	(1392.417	+	897.148)	/	2 )
=	10967.847	/	1144.7825
=	9.58

Digital China Holdings (HKSE:00861) 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.

Digital China 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
	=	1144.7825	/	10967.847	*	365 / 2
	=	19.05

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.

Digital China 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 )
	=	1144.7825	/	12686.995
	=	0.09

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.

Digital China Holdings Inventory Turnover Related Terms

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Digital China Holdings (HKSE:00861) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Digital China Holdings Ltd (HKSE:00861) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

DCHIY:USA DCHIF:USA 910861:Taiwan DIN:Germany

Address

77-79 Gloucester Road, 31st Floor, Fortis Tower, Wanchai, Hong Kong, HKG

Website

https://www.dcholdings.com

Digital China Holdings is a holding company that through its subsidiaries provides information technology services. The company organizes itself into thre primary segments based on services provided. such as The Big Data Products and Solutions business segment, The Software and Operating Services business segment and The Traditional and Localization Services business segment. Company generates majority revenue from Traditional and Localization Services segment.

Executives

Dragon City International Investment Limited	2101 Beneficial owner
Guo Wei	2201 Interest of corporation controlled by you
Huang Shaokang	2202 Interest of your spouse
Yip Chi Yu	2201 Interest of corporation controlled by you
Law Debenture Trust	2301 Trustee
Guo Wei	2201 Interest of corporation controlled by you
Kosalaki Investments Limited	2101 Beneficial owner
Guang Zhou Guang Dian Yun Tong Jin Rong Dian Zi Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Zhou Wu Xian Dian Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Zhou Shi Cheng Shi Jian She Tou Zi Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Zhou Shi Cheng Tou Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Zhou Cheng Tou Jia Peng Chan Ye Tou Zi Ji Jin Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Zhou Cheng Tou Jia Zi Tou Zi He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Allianz Se	2201 Interest of corporation controlled by you

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