Tu Yi Holding Co (HKSE:01701) Inventory Turnover : 28.69 (As of Dec. 2023)

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What is Tu Yi Holding 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. Tu Yi Holding Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$48.9 Mil. Tu Yi Holding Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1.7 Mil. Tu Yi Holding Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 28.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tu Yi Holding Co's Days Inventory for the six months ended in Dec. 2023 was 6.36.

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. Tu Yi Holding Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Tu Yi Holding Co Inventory Turnover Historical Data

The historical data trend for Tu Yi Holding 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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Tu Yi Holding Co Inventory Turnover Chart

Tu Yi Holding Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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136.61

11.16

4.44

6.06

40.67

Tu Yi Holding Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial									2.52	1.63	6.43	8.23	28.69

Tu Yi Holding Co Inventory Turnover Calculation

Tu Yi Holding 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 )
=	64.536	/ (	(1.789	+	1.385)	/	2 )
=	64.536	/	1.587
=	40.67

Tu Yi Holding Co'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 )
=	48.862	/ (	(2.021	+	1.385)	/	2 )
=	48.862	/	1.703
=	28.69

Tu Yi Holding Co (HKSE:01701) 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.

Tu Yi Holding Co'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
	=	1.703	/	48.862	*	365 / 2
	=	6.36

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.

Tu Yi Holding Co'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 )
	=	1.703	/	71.675
	=	0.02

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.

Tu Yi Holding Co Inventory Turnover Related Terms

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Tu Yi Holding Co (HKSE:01701) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tu Yi Holding Co Ltd (HKSE:01701) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1288 Wenyi West Road, Room 813, 8th Floor, Block 4, Cangqian Sub-district, Yuhang District, Zhejiang Province, Hangzhou, CHN

Website

https://www.tuyigroup.com

Tu Yi Holding Co Ltd is a travel service provider. Its businesses include the Selling of package tours and day tours, Margin income from sales of FIT products, Provision of visa application processing services, Selling of certain ancillary travel-related products and services, Hotel operation and Duty-free shop business. A majority of the income is generated from the sale of package tours and day tour products. The company operates in Mainland China, Taiwan and Japan, out of which Mainland China contributes to the majority of the revenue.

Executives

Pan Wei	2201 Interest of corporation controlled by you
Xu Jiong	2401 A concert party to an agreement to buy shares
Yu Dingxin	2401 A concert party to an agreement to buy shares
King Pan Co., Ltd.	2101 Beneficial owner
York Yu Co., Ltd.	2101 Beneficial owner
Jeffery Xu Co., Ltd.	2101 Beneficial owner
David Xu Co., Ltd.	2101 Beneficial owner

Tu Yi Holding Co (HKSE:01701) Headlines

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