Asia Tele-Net And Technology (HKSE:00679) Inventory Turnover : 5.93 (As of Dec. 2023)

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What is Asia Tele-Net And Technology 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. Asia Tele-Net And Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$155.9 Mil. Asia Tele-Net And Technology's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$26.3 Mil. Asia Tele-Net And Technology's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asia Tele-Net And Technology's Days Inventory for the six months ended in Dec. 2023 was 30.78.

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. Asia Tele-Net And Technology's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.14.

Asia Tele-Net And Technology Inventory Turnover Historical Data

The historical data trend for Asia Tele-Net And Technology'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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Asia Tele-Net And Technology Inventory Turnover Chart

Asia Tele-Net And Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.25

7.82

9.15

9.65

13.33

Asia Tele-Net And Technology 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															5.01	5.17	4.74	5.49	5.93

Asia Tele-Net And Technology Inventory Turnover Calculation

Asia Tele-Net And Technology'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 )
=	317.834	/ (	(27.009	+	20.671)	/	2 )
=	317.834	/	23.84
=	13.33

Asia Tele-Net And Technology'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 )
=	155.937	/ (	(31.937	+	20.671)	/	2 )
=	155.937	/	26.304
=	5.93

Asia Tele-Net And Technology (HKSE:00679) 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.

Asia Tele-Net And Technology'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
	=	26.304	/	155.937	*	365 / 2
	=	30.78

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.

Asia Tele-Net And Technology'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 )
	=	26.304	/	193.259
	=	0.14

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.

Asia Tele-Net And Technology Inventory Turnover Related Terms

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Asia Tele-Net And Technology (HKSE:00679) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Asia Tele-Net And Technology Corp Ltd (HKSE:00679) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

DKC:Germany

Address

181 Johnston Road, Rooms 607-610, 6th Floor, Tai Yau Building, Wan Chai, Hong Kong, HKG

Website

http://www.atnt.biz

Asia Tele-Net And Technology Corp Ltd is an investment holding company. The is mainly engaged in the electroplating equipment business. Geographically, it derives a majority of revenue from the People's Republic of China and also has a presence in Taiwan; Mexico; The United States of America; Germany; Thailand; India; United Kingdom; Other European countries; United Arab Emirates; Russia; Singapore; Hong Kong, and other countries.

Executives

Lam Kwok Hing

Asia Tele-Net And Technology (HKSE:00679) Headlines

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