Veeko International Holdings (HKSE:01173) Inventory Turnover : 1.40 (As of Sep. 2023)

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What is Veeko International Holdings 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. Veeko International Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$147.5 Mil. Veeko International Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$105.3 Mil. Veeko International Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Veeko International Holdings's Days Inventory for the six months ended in Sep. 2023 was 130.25.

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. Veeko International Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.37.

Veeko International Holdings Inventory Turnover Historical Data

The historical data trend for Veeko International Holdings'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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Veeko International Holdings Inventory Turnover Chart

Veeko International Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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2.29

1.64

1.17

1.90

2.23

Veeko International Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.89	1.02	0.97	1.28	1.40

Veeko International Holdings Inventory Turnover Calculation

Veeko International Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	242.862	/ (	(124.945	+	93.175)	/	2 )
=	242.862	/	109.06
=	2.23

Veeko International Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	147.523	/ (	(93.175	+	117.398)	/	2 )
=	147.523	/	105.2865
=	1.40

Veeko International Holdings (HKSE:01173) 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.

Veeko International Holdings's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	105.2865	/	147.523	*	365 / 2
	=	130.25

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.

Veeko International Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	105.2865	/	281.289
	=	0.37

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.

Veeko International Holdings Inventory Turnover Related Terms

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Veeko International Holdings (HKSE:01173) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Veeko International Holdings Ltd (HKSE:01173) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

192-200, Tai Lin Pai Road, 10th Floor, Wyler Centre Phase II, New Territories, Kwai Chung, Hong Kong, HKG

Website

https://www.veeko.com.hk

Veeko International Holdings Ltd is an investment holding company principally engaged in the cosmetics and personal care products business. It operates in two business segments. The Cosmetics segment is engaged in the sales of cosmetics under the brand of Colourmix and MORIMOR, including skin-care products, perfumery, make-up, personal care, hairdressing, body care, and cosmeceuticals, as well as health food. The Fashion segment is engaged in the manufacture and sales of ladies' fashion under the brand names of Veeko and Wanko. The cosmetics segment accounts for majority of the firm's revenue. The company generates the majority of the revenue from Hong Kong and Macau.

Executives

Lam Yuk Sum	2305 Beneficiary of a trust
Cheng Chung Man Johnny	2305 Beneficiary of a trust
Hsbc International Trustee Limited	2301 Trustee
Silver Crown Profits Limited	2101 Beneficial owner
Well Feel Group Limited	2201 Interest of corporation controlled by you

Veeko International Holdings (HKSE:01173) Headlines

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