Cowell e Holdings (HKSE:01415) Inventory Turnover : 5.14 (As of Dec. 2023)

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What is Cowell e 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. Cowell e Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,750 Mil. Cowell e Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$730 Mil. Cowell e Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cowell e Holdings's Days Inventory for the six months ended in Dec. 2023 was 35.51.

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. Cowell e Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.17.

Cowell e Holdings Inventory Turnover Historical Data

The historical data trend for Cowell e 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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Cowell e Holdings Inventory Turnover Chart

Cowell e Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.80

8.08

6.06

6.79

5.86

Cowell e Holdings 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															3.00	3.12	5.38	3.32	5.14

Cowell e Holdings Inventory Turnover Calculation

Cowell e Holdings'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 )
=	6217.225	/ (	(1077.024	+	1045.693)	/	2 )
=	6217.225	/	1061.3585
=	5.86

Cowell e Holdings'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 )
=	3750.329	/ (	(413.739	+	1045.693)	/	2 )
=	3750.329	/	729.716
=	5.14

Cowell e Holdings (HKSE:01415) 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.

Cowell e Holdings'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
	=	729.716	/	3750.329	*	365 / 2
	=	35.51

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.

Cowell e Holdings'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 )
	=	729.716	/	4351.004
	=	0.17

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.

Cowell e Holdings Inventory Turnover Related Terms

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Cowell e Holdings (HKSE:01415) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cowell e Holdings Inc (HKSE:01415) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Songbai Road, Huanan Industrial Zone, Liaobu Town, Guangdong Province, Dongguan City, CHN

Website

http://www.cowelleholdings.com

Cowell e Holdings Inc supplies camera modules for mobile devices. The company designs develop, manufactures, and sells camera modules for smartphones, multimedia tablets and other mobile devices with camera functions. In addition, it also develops and manufactures optical components used in consumer electronics products. It operates in a single segment namely consisting of a Camera module and Optical components. It derives revenue from the manufacturing and sale of camera modules and optical components.

Executives

Guangzhou Luxvisions Innovation Technology Limited	2201 Interest of corporation controlled by you
Luxsan Limited	2201 Interest of corporation controlled by you
Luxvisions Innovation Limited	2201 Interest of corporation controlled by you
Wang Laijiao	2201 Interest of corporation controlled by you
Wang Laixi	2201 Interest of corporation controlled by you
Wang Laichun	2201 Interest of corporation controlled by you
Wang Laisheng	2201 Interest of corporation controlled by you

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