Ever Sunshine Services Group (HKSE:01995) Inventory Turnover : 773.63 (As of Dec. 2023)

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What is Ever Sunshine Services 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. Ever Sunshine Services Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,001 Mil. Ever Sunshine Services Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$4 Mil. Ever Sunshine Services Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 773.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ever Sunshine Services Group's Days Inventory for the six months ended in Dec. 2023 was 0.24.

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

Ever Sunshine Services Group Inventory Turnover Historical Data

The historical data trend for Ever Sunshine Services 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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Ever Sunshine Services Group Inventory Turnover Chart

Ever Sunshine Services Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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958.77

1,449.36

1,694.26

Ever Sunshine Services Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial											820.49	655.79	796.03	731.04	773.63

Ever Sunshine Services Group Inventory Turnover Calculation

Ever Sunshine Services 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 )
=	5779.981	/ (	(3.333	+	3.49)	/	2 )
=	5779.981	/	3.4115
=	1,694.26

Ever Sunshine Services 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	3001.301	/ (	(4.269	+	3.49)	/	2 )
=	3001.301	/	3.8795
=	773.63

Ever Sunshine Services Group (HKSE:01995) 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.

Ever Sunshine Services Group'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
	=	3.8795	/	3001.301	*	365 / 2
	=	0.24

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.

Ever Sunshine Services 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 )
	=	3.8795	/	3668.238
	=	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.

Ever Sunshine Services Group Inventory Turnover Related Terms

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Ever Sunshine Services Group (HKSE:01995) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ever Sunshine Services Group Ltd (HKSE:01995) » Definitions » Inventory Turnover

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Address

Lane 1088, Shenhong Road, 6th Floor, Building 5, Henderson CIFI Center, Minhang District, Shanghai, CHN

Website

http://www.ysservice.com.cn

CIFI Ever Sunshine Services Group Ltd is a property management service provider in China. The company's property portfolio includes residential and non-residential properties such as offices, shopping malls, schools, and government buildings. The firm operates in three business lines, namely, property management services, community value-added services, and value-added services to non-property owners. It provides its property management services in China from where it generates the maximum revenue.

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