Green Leader Holdings Group (HKSE:00061) Inventory Turnover : 8.24 (As of Dec. 2023)

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What is Green Leader Holdings 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. Green Leader Holdings Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$902 Mil. Green Leader Holdings Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$109 Mil. Green Leader Holdings Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Green Leader Holdings Group's Days Inventory for the six months ended in Dec. 2023 was 22.15.

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. Green Leader Holdings Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.12.

Green Leader Holdings Group Inventory Turnover Historical Data

The historical data trend for Green Leader Holdings 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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Green Leader Holdings Group Inventory Turnover Chart

Green Leader Holdings Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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91.07

103.43

15.96

11.16

18.16

Green Leader Holdings Group 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															10.86	4.77	6.73	3.52	8.24

Green Leader Holdings Group Inventory Turnover Calculation

Green Leader Holdings 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 )
=	1441.312	/ (	(123.273	+	35.45)	/	2 )
=	1441.312	/	79.3615
=	18.16

Green Leader Holdings 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 )
=	901.621	/ (	(183.386	+	35.45)	/	2 )
=	901.621	/	109.418
=	8.24

Green Leader Holdings Group (HKSE:00061) 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.

Green Leader Holdings 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
	=	109.418	/	901.621	*	365 / 2
	=	22.15

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.

Green Leader Holdings 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 )
	=	109.418	/	902.617
	=	0.12

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.

Green Leader Holdings Group Inventory Turnover Related Terms

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Green Leader Holdings Group (HKSE:00061) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Green Leader Holdings Group Ltd (HKSE:00061) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

88-98 Des Voeux Road Central, Unit A, 12th Floor, Central 88, Hong Kong, HKG

Website

https://www.greenleader.hk

Green Leader Holdings Group Ltd is an investment holding company. The company operates through four segments. The Mining Operation segment is engaged in geological survey, exploration, and development of coal deposits, as well as selling of coking coal. The Systems Integration Services and Software Solutions segment is engaged in the provision of information technology (IT) products, systems integration services, technology services, software development, and software solution services. The Cassava Starch Operation segment engages in the provision of cultivation and processing of cassava starch for sale. The Coal Operation segment is engaged in the provision of coal trading and logistics services. Geographically, it derives a majority of its revenue from China.

Executives

Hao Ting
Best Growth Enterprises Limited
China Oepc Limited
Zhang Sanhuo
China Huarong (macau) International Company Limited	2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

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