China Travel International Investment Hong Kong (HKSE:00308) Inventory Turnover : 0.38 (As of Dec. 2023)

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What is China Travel International Investment 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. China Travel International Investment Hong Kong's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,673 Mil. China Travel International Investment Hong Kong's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$4,406 Mil. China Travel International Investment Hong Kong's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Travel International Investment Hong Kong's Days Inventory for the six months ended in Dec. 2023 was 480.49.

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. China Travel International Investment Hong Kong's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.81.

China Travel International Investment Hong Kong Inventory Turnover Historical Data

The historical data trend for China Travel International Investment 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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China Travel International Investment Hong Kong Inventory Turnover Chart

China Travel International Investment Hong Kong Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.30

0.53

0.63

0.60

0.70

China Travel International Investment 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															0.43	0.21	0.39	0.31	0.38

China Travel International Investment Hong Kong Inventory Turnover Calculation

China Travel International Investment 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 )
=	2979.093	/ (	(4036.56	+	4476.764)	/	2 )
=	2979.093	/	4256.662
=	0.70

China Travel International Investment 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 )
=	1673.4	/ (	(4334.8	+	4476.764)	/	2 )
=	1673.4	/	4405.782
=	0.38

China Travel International Investment Hong Kong (HKSE:00308) 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.

China Travel International Investment 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
	=	4405.782	/	1673.4	*	365 / 2
	=	480.49

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.

China Travel International Investment 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 )
	=	4405.782	/	2439.302
	=	1.81

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.

China Travel International Investment Hong Kong Inventory Turnover Related Terms

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China Travel International Investment Hong Kong (HKSE:00308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » China Travel International Investment Hong Kong Ltd (HKSE:00308) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CTVIF:USA CTI:Germany

Address

78-83 Connaught Road Central, 12th Floor, CTS House, Hong Kong, HKG

Website

http://www.hkcts.com

China Travel International Investment Hong Kong Ltd is a holding company focused on leisure investments. The company has four primary divisions: travel agency and related operations, tourist attractions, hotels, and passenger transportation services. It derives revenue from its travel agency, tourist attraction, and hotel operations. Travel agency and related operations include the company's travel agency and travel document businesses. Tourist attraction operations, which comprise the largest portion of company revenue, include theme parks, resorts, and scenic destinations. Hotel operations include hotel accommodation, food, and beverage services. The company generates the vast majority of revenue in Hong Kong and mainland China.

Executives

Kwok Hoi Hing	2101 Beneficial owner
Zhong Guo Lv You Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

China Travel International Investment Hong Kong (HKSE:00308) Headlines

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