Success Universe Group (HKSE:00487) Inventory Turnover : 0.25 (As of Dec. 2023)

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What is Success Universe 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. Success Universe Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$24.2 Mil. Success Universe Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$95.7 Mil. Success Universe Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Success Universe Group's Days Inventory for the six months ended in Dec. 2023 was 722.76.

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. Success Universe Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.86.

Success Universe Group Inventory Turnover Historical Data

The historical data trend for Success Universe 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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Success Universe Group Inventory Turnover Chart

Success Universe Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.30

3.00

1.28

0.97

0.90

Success Universe 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															1.00	0.44	0.50	0.60	0.25

Success Universe Group Inventory Turnover Calculation

Success Universe 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 )
=	85.119	/ (	(100.6	+	88.9)	/	2 )
=	85.119	/	94.75
=	0.90

Success Universe 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 )
=	24.152	/ (	(102.4	+	88.9)	/	2 )
=	24.152	/	95.65
=	0.25

Success Universe Group (HKSE:00487) 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.

Success Universe 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
	=	95.65	/	24.152	*	365 / 2
	=	722.76

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.

Success Universe 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 )
	=	95.65	/	33.453
	=	2.86

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.

Success Universe Group Inventory Turnover Related Terms

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Success Universe Group (HKSE:00487) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Success Universe Group Ltd (HKSE:00487) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Harcourt Road, Tower 1, Admiralty Centre, Units 1003-04A, 10th Floor, Hong Kong, HKG

Website

http://www.successug.com

Success Universe Group Ltd is a Hong Kong-based investment holding company that is engaged in travel-related and property investment businesses. The travel segment is engaged in the sales of air tickets, tour packages, and other travel-related services, Property investment business receives profit streams from leasing office premises in Hong Kong. It operates the business activity from various locations which includes Hong Kong, Macau, North America, and China. The group generates the majority of its revenue from the Travel segment.

Executives

Silver Rich Macau Development Limited	2101 Beneficial owner
Liu Siu Lam Marian	2202 Interest of your spouse
Yeung Hoi Sing Sonny	2201 Interest of corporation controlled by you

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