Great Eagle Holdings (HKSE:00041) Inventory Turnover : 0.28 (As of Dec. 2023)

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What is Great Eagle 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. Great Eagle Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,257 Mil. Great Eagle Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$11,524 Mil. Great Eagle Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Great Eagle Holdings's Days Inventory for the six months ended in Dec. 2023 was 645.67.

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. Great Eagle Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.07.

Great Eagle Holdings Inventory Turnover Historical Data

The historical data trend for Great Eagle 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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Great Eagle Holdings Inventory Turnover Chart

Great Eagle Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.94

1.30

0.57

0.42

0.50

Great Eagle 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															0.20	0.19	0.23	0.23	0.28

Great Eagle Holdings Inventory Turnover Calculation

Great Eagle 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 )
=	5980.533	/ (	(12196.735	+	11548.02)	/	2 )
=	5980.533	/	11872.3775
=	0.50

Great Eagle 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 )
=	3257.332	/ (	(11500.422	+	11548.02)	/	2 )
=	3257.332	/	11524.221
=	0.28

Great Eagle Holdings (HKSE:00041) 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.

Great Eagle 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
	=	11524.221	/	3257.332	*	365 / 2
	=	645.67

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.

Great Eagle 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 )
	=	11524.221	/	5561.733
	=	2.07

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.

Great Eagle Holdings Inventory Turnover Related Terms

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Great Eagle Holdings (HKSE:00041) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Great Eagle Holdings Ltd (HKSE:00041) » Definitions » Inventory Turnover

Traded in Other Exchanges

GEAHF:USA GHK:Germany

Address

23 Harbour Road, 33rd Floor, Great Eagle Centre, Wanchai, Hong Kong, HKG

Website

https://www.greateagle.com.hk

Great Eagle Holdings Ltd is an investment holding company. The group along with its subsidiaries is engaged in property development and investment, operations of hotels, restaurants and flexible workspaces, asset management, project management, trading of building materials, securities investment, provision of property management, maintenance and property agency services and property leasing. The company generates a majority of its revenue from Hong Kong.

Executives

Law Wai Duen, Nina	2101 Beneficial owner
Lo Hong Sui, Antony	2101 Beneficial owner
Lo Ka Shui	2101 Beneficial owner
Lo To Lee Kwan	2501 Other
Surewit Finance Limited	2301 Trustee
Lo Ying Sui	2501 Other
Lo Hong Sui	2501 Other
Adscan Holdings Limited	2101 Beneficial owner
Hsbc International Trustee Limited	2301 Trustee
Lo Kai Shui	2501 Other
Mind Reader Limited	2101 Beneficial owner

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