Kwoon Chung Bus Holdings (HKSE:00306) Inventory Turnover : 20.33 (As of Sep. 2023)

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What is Kwoon Chung Bus 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. Kwoon Chung Bus Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$713 Mil. Kwoon Chung Bus Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$35 Mil. Kwoon Chung Bus Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 20.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kwoon Chung Bus Holdings's Days Inventory for the six months ended in Sep. 2023 was 8.98.

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. Kwoon Chung Bus Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.04.

Kwoon Chung Bus Holdings Inventory Turnover Historical Data

The historical data trend for Kwoon Chung Bus 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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Kwoon Chung Bus Holdings Inventory Turnover Chart

Kwoon Chung Bus Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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73.28

66.64

34.75

32.09

35.62

Kwoon Chung Bus Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															14.49	17.03	17.40	17.90	20.33

Kwoon Chung Bus Holdings Inventory Turnover Calculation

Kwoon Chung Bus Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	1233.142	/ (	(35.184	+	34.061)	/	2 )
=	1233.142	/	34.6225
=	35.62

Kwoon Chung Bus Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	712.86	/ (	(34.061	+	36.066)	/	2 )
=	712.86	/	35.0635
=	20.33

Kwoon Chung Bus Holdings (HKSE:00306) 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.

Kwoon Chung Bus Holdings's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	35.0635	/	712.86	*	365 / 2
	=	8.98

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.

Kwoon Chung Bus Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	35.0635	/	893.308
	=	0.04

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.

Kwoon Chung Bus Holdings Inventory Turnover Related Terms

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Kwoon Chung Bus Holdings (HKSE:00306) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kwoon Chung Bus Holdings Ltd (HKSE:00306) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Chong Fu Road, 3rd Floor, Chai Wan, Hong Kong, HKG

Website

https://www.kcbh.com.hk

Kwoon Chung Bus Holdings Ltd is engaged in transportation businesses. The company's operating segment includes a Non-franchised Bus; Limousine; Franchised Bus and PLB; Mainland China Business and Others. It generates maximum revenue from the Non-franchised bus segment. The Non-franchised bus segment includes the provision of non-franchised bus hire services in Hong Kong, cross-boundary passenger transportation services (other than limousine hire services) between Hong Kong and Mainland China, and other related services.

Executives

Cathay International Corporation	2101 Beneficial owner
Basic Faith Company Limited	2101 Beneficial owner
Infinity Faith International Company Limited	2201 Interest of corporation controlled by you
Ng Lai Yee, Christina	2202 Interest of your spouse
Wong Leung Pak Matthew	2201 Interest of corporation controlled by you

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