Chowngng Holdings International (HKSE:00116) Inventory Turnover : 0.75 (As of Dec. 2023)

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What is Chowngng Holdings International 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. Chowngng Holdings International's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$9,047 Mil. Chowngng Holdings International's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$12,054 Mil. Chowngng Holdings International's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chowngng Holdings International's Days Inventory for the six months ended in Dec. 2023 was 243.15.

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. Chowngng Holdings International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.00.

Chowngng Holdings International Inventory Turnover Historical Data

The historical data trend for Chowngng Holdings International'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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Chowngng Holdings International Inventory Turnover Chart

Chowngng Holdings International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.58

1.23

1.63

1.29

1.51

Chowngng Holdings International 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															0.76	0.64	0.68	0.78	0.75

Chowngng Holdings International Inventory Turnover Calculation

Chowngng Holdings International'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 )
=	18409.837	/ (	(12112.349	+	12256.832)	/	2 )
=	18409.837	/	12184.5905
=	1.51

Chowngng Holdings International'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 )
=	9047.047	/ (	(11850.854	+	12256.832)	/	2 )
=	9047.047	/	12053.843
=	0.75

Chowngng Holdings International (HKSE:00116) 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.

Chowngng Holdings International'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
	=	12053.843	/	9047.047	*	365 / 2
	=	243.15

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.

Chowngng Holdings International'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 )
	=	12053.843	/	12013.561
	=	1.00

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.

Chowngng Holdings International Inventory Turnover Related Terms

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Chowngng Holdings International (HKSE:00116) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Chow Sang Sang Holdings International Ltd (HKSE:00116) » Definitions » Inventory Turnover

Traded in Other Exchanges

CJW1:Germany

Address

229 Nathan Road, 4th Floor, Chow Sang Sang Building, Kowloon, Hong Kong, HKG

Website

https://www.chowsangsang.com

Chow Sang Sang Holdings International Ltd is an investment holding company. The company's businesses include the manufacture and retail of jewelry, the distribution of watches, the wholesale of precious metals, and e-commerce platform operation. The manufacture and retail of the Jewellery segment produce jewelry products for the group's retail business and operate retail stores mainly in Hong Kong, Macau, Mainland China, and Taiwan. The group derives the majority of its revenue from the Retail of jewelry and watches segment.

Executives

Fil Limited	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Speed Star Holdings Limited	2101 Beneficial owner
Chow King Sing, Gerald	2201 Interest of corporation controlled by you
Chow Wun Sing, Winston	2307 Founder of a discretionary trust who can infl
Lok Mi Ling, Melane	2202 Interest of your spouse
Ho Ann Ping, Lily	2201 Interest of corporation controlled by you
Schroders Plc	2102 Investment manager
Schroders Plc	2102 Investment manager
Cititrust Private Trust (cayman) Limited	2301 Trustee

Chowngng Holdings International (HKSE:00116) Headlines

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