Changyou Alliance Group (HKSE:01039) Inventory Turnover : 715.77 (As of Dec. 2023)

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What is Changyou Alliance 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. Changyou Alliance Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$74.8 Mil. Changyou Alliance Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$0.1 Mil. Changyou Alliance Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 715.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Changyou Alliance Group's Days Inventory for the six months ended in Dec. 2023 was 0.25.

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. Changyou Alliance Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Changyou Alliance Group Inventory Turnover Historical Data

The historical data trend for Changyou Alliance 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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Changyou Alliance Group Inventory Turnover Chart

Changyou Alliance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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182.74

176.51

101.74

435.87

1,480.56

Changyou Alliance 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															81.97	144.72	249.84	880.14	715.77

Changyou Alliance Group Inventory Turnover Calculation

Changyou Alliance 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 )
=	205.058	/ (	(0.182	+	0.095)	/	2 )
=	205.058	/	0.1385
=	1,480.56

Changyou Alliance 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 )
=	74.798	/ (	(0.114	+	0.095)	/	2 )
=	74.798	/	0.1045
=	715.77

Changyou Alliance Group (HKSE:01039) 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.

Changyou Alliance 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
	=	0.1045	/	74.798	*	365 / 2
	=	0.25

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.

Changyou Alliance 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 )
	=	0.1045	/	89.505
	=	0.00

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.

Changyou Alliance Group Inventory Turnover Related Terms

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Changyou Alliance Group (HKSE:01039) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Changyou Alliance Group Ltd (HKSE:01039) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Harbour Road, Room 1908-1916, 19th Floor, Sun Hung Kai Centre, Wanchai, Hong Kong, HKG

Website

https://www.changyou-alliance.com

Changyou Alliance Group Ltd is a company involved in the development and operation of an electronic trading platform. The company mainly operates in the Digital Point segment that operates an electronic trading platform to promote and facilitate awards earned by customers of loyalty programmes of other companies to be exchanged globally in the form of virtual assets and credits for consumption of merchandises, games, services and other commercial transactions.

Executives

Greater Bay Area Homeland Development Fund (gp) Limited	2106 Person having a security interest in shares
Greater Bay Area Homeland Investments Limited	2106 Person having a security interest in shares
Poly Platinum Enterprises Limited	2106 Person having a security interest in shares
Century Investment (holding) Limited	2101 Beneficial owner
Pun Tang	2201 Interest of corporation controlled by you
Atlantis Capital Group Holdings Limited	2201 Interest of corporation controlled by you
Liu Yang	2201 Interest of corporation controlled by you
Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you

Changyou Alliance Group (HKSE:01039) Headlines

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