BOE Varitronix (HKSE:00710) Inventory Turnover : 2.42 (As of Dec. 2023)

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What is BOE Varitronix 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. BOE Varitronix's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$4,367 Mil. BOE Varitronix's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1,802 Mil. BOE Varitronix's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BOE Varitronix's Days Inventory for the six months ended in Dec. 2023 was 75.32.

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. BOE Varitronix's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.32.

BOE Varitronix Inventory Turnover Historical Data

The historical data trend for BOE Varitronix'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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BOE Varitronix Inventory Turnover Chart

BOE Varitronix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.37

7.11

9.49

7.42

4.98

BOE Varitronix 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															5.08	3.77	3.47	2.72	2.42

BOE Varitronix Inventory Turnover Calculation

BOE Varitronix'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 )
=	8758.277	/ (	(1568.001	+	1947.101)	/	2 )
=	8758.277	/	1757.551
=	4.98

BOE Varitronix'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 )
=	4367.062	/ (	(1657.586	+	1947.101)	/	2 )
=	4367.062	/	1802.3435
=	2.42

BOE Varitronix (HKSE:00710) 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.

BOE Varitronix'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
	=	1802.3435	/	4367.062	*	365 / 2
	=	75.32

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.

BOE Varitronix'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 )
	=	1802.3435	/	5550.199
	=	0.32

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.

BOE Varitronix Inventory Turnover Related Terms

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BOE Varitronix (HKSE:00710) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » BOE Varitronix Ltd (HKSE:00710) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

VTX:Germany

Address

Number 7 Shing Yip Street, Units A - F, 35th Floor, Legend Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.boevx.com

BOE Varitronix Ltd is an investment holding company. It is principally engaged in automobile and industrial display products and has a monochrome display manufacturing capacity. It manufactures various products in the category of automobile, industrial, white goods, medical, and other. The company operates in one business segment which is the Manufacture and Sale of Liquid Crystal Displays and Related Products. The company's geographical segments include the PRC, Europe, America, Korea, and other regions, out of which the PRC accounts for the majority of the revenue.

Executives

China Orient Asset Management (international) Holding Limited	2201 Interest of corporation controlled by you
Jing Dong Fang Ke Ji Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Ko Chun Shun, Johnson	2201 Interest of corporation controlled by you
Rockstead Technology Limited	2101 Beneficial owner

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