Topsports International Holdings (HKSE:06110) Inventory-to-Revenue : 0.46 (As of Aug. 2023)

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What is Topsports International Holdings Inventory-to-Revenue?

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. Topsports International Holdings's Average Total Inventories for the quarter that ended in Aug. 2023 was HK$6,957 Mil. Topsports International Holdings's Revenue for the six months ended in Aug. 2023 was HK$15,306 Mil. Topsports International Holdings's Inventory-to-Revenue for the quarter that ended in Aug. 2023 was 0.46.

Topsports International Holdings's Inventory-to-Revenue for the quarter that ended in Aug. 2023 declined from Feb. 2023 (0.46) to Feb. 2023 (0.46)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Topsports International Holdings's Days Inventory for the six months ended in Aug. 2023 was 150.08.

Inventory Turnover measures how fast the company turns over its inventory within a year. Topsports International Holdings's Inventory Turnover for the quarter that ended in Aug. 2023 was 1.22.

Topsports International Holdings Inventory-to-Revenue Historical Data

The historical data trend for Topsports International Holdings's Inventory-to-Revenue 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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Topsports International Holdings Inventory-to-Revenue Chart

Topsports International Holdings Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Inventory-to-Revenue

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0.17

0.19

0.17

0.20

0.25

Topsports International Holdings Semi-Annual Data
	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Inventory-to-Revenue	Get a 7-Day Free Trial								0.45	0.44	0.51	0.46	0.46

Competitive Comparison of Topsports International Holdings's Inventory-to-Revenue

For the Apparel Retail subindustry, Topsports International Holdings's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Topsports International Holdings's Inventory-to-Revenue Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Topsports International Holdings's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Topsports International Holdings's Inventory-to-Revenue falls into.

Topsports International Holdings Inventory-to-Revenue Calculation

Topsports International Holdings's Inventory-to-Revenue for the fiscal year that ended in Feb. 2023 is calculated as

	Inventory-to-Revenue (A: Feb. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Feb. 2023 ))	/	count )	/	Revenue (A: Feb. 2023 )
=	( (8220.413	+	7169.229)	/	2 )	/	31068.457
=	7694.821					/	31068.457
=	0.25

Topsports International Holdings's Inventory-to-Revenue for the quarter that ended in Aug. 2023 is calculated as

	Inventory-to-Revenue (Q: Aug. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Feb. 2023 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )	/	Revenue (Q: Aug. 2023 )
=	( (7169.229	+	6745.198)	/	2 )	/	15306.341
=	6957.2135					/	15306.341
=	0.45

Topsports International Holdings (HKSE:06110) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

More Related Terms:

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Topsports International Holdings's Days Inventory for the six months ended in Aug. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2023 )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
	=	6957.2135	/	8460.191	*	365 / 2
	=	150.08

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Topsports International Holdings's Inventory Turnover for the quarter that ended in Aug. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Aug. 2023 )	/	Average Total Inventories (Q: Aug. 2023 )
	=	8460.191	/	6957.2135
	=	1.22

Topsports International Holdings Inventory-to-Revenue Related Terms

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Topsports International Holdings (HKSE:06110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Topsports International Holdings Ltd (HKSE:06110) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

TPSRF:USA 6110:Mexico

Address

No. 928 Liuzhou Road, 22nd Floor, Belle International Building, Xuhui District, Shanghai, CHN

Website

https://www.topsports.com.cn

Topsports is the largest sportswear retailer in China, generating the majority of its revenue from selling products of international sportswear brands. The business operates as an intermediary between brand owners and consumers seeking to buy sportswear. The firm operates more than 6,500 stores directly as of the end of fiscal 2023, and most of these "single-brand" stores have been opened under the names of sportswear brands that it partners with, such as Nike and Adidas. In addition to these two sportswear giants, Topsports also has partnerships with sportswear brands such as Puma, Li Ning, Asics, and The North Face. While most of Topsports' sales take place in stores, the firm also operates online shops under the Topsports brand on major e-commerce platforms such as Alibaba and JD.com.

Topsports International Holdings (HKSE:06110) Headlines

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