San Miguel Brewery Hong Kong (HKSE:00236) Inventory Turnover : 2.56 (As of Dec. 2023)

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What is San Miguel Brewery Hong Kong 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. San Miguel Brewery Hong Kong's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$205.2 Mil. San Miguel Brewery Hong Kong's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$80.2 Mil. San Miguel Brewery Hong Kong's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. San Miguel Brewery Hong Kong's Days Inventory for the six months ended in Dec. 2023 was 71.32.

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. San Miguel Brewery Hong Kong's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.25.

San Miguel Brewery Hong Kong Inventory Turnover Historical Data

The historical data trend for San Miguel Brewery Hong Kong'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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San Miguel Brewery Hong Kong Inventory Turnover Chart

San Miguel Brewery Hong Kong Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.89

5.80

5.59

5.46

5.12

San Miguel Brewery Hong Kong 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															3.12	3.08	2.88	3.11	2.56

San Miguel Brewery Hong Kong Inventory Turnover Calculation

San Miguel Brewery Hong Kong'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 )
=	456.18	/ (	(89.643	+	88.579)	/	2 )
=	456.18	/	89.111
=	5.12

San Miguel Brewery Hong Kong'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 )
=	205.187	/ (	(71.793	+	88.579)	/	2 )
=	205.187	/	80.186
=	2.56

San Miguel Brewery Hong Kong (HKSE:00236) 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.

San Miguel Brewery Hong Kong'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
	=	80.186	/	205.187	*	365 / 2
	=	71.32

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.

San Miguel Brewery Hong Kong'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 )
	=	80.186	/	325.782
	=	0.25

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.

San Miguel Brewery Hong Kong Inventory Turnover Related Terms

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San Miguel Brewery Hong Kong (HKSE:00236) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » San Miguel Brewery Hong Kong Ltd (HKSE:00236) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Citimark Building, 28 Yuen Shun Circuit, 9th Floor, Siu Lek Yuen, Shatin, New Territories, Hong Kong, HKG

Website

http://info.sanmiguel.com.hk

San Miguel Brewery Hong Kong Ltd is engaged in the manufacturing and distribution of bottled, canned and draught beers. Its two reportable segments are 1) The Hong Kong operations comprise of the manufacture and distribution of own brewed beer products and the distribution of imported beer products in Hong Kong and overseas. 2) The Mainland China operations comprise of the manufacture and distribution of own-brewed beer products in the southern part of the People's Republic of China and overseas. It derives the majority of its revenue from Hong Kong.

Executives

San Miguel Corporation	2201 Interest of corporation controlled by you
San Miguel Food And Beverage, Inc.	2201 Interest of corporation controlled by you
Top Frontier Investment Holdings, Inc.	2201 Interest of corporation controlled by you
Zobel Iñigo	2201 Interest of corporation controlled by you

San Miguel Brewery Hong Kong (HKSE:00236) Headlines

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