Hung Fook Tong Group Holdings (HKSE:01446) Inventory Turnover : 3.36 (As of Dec. 2023)

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What is Hung Fook Tong Group 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. Hung Fook Tong Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$141.5 Mil. Hung Fook Tong Group Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$42.1 Mil. Hung Fook Tong Group Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hung Fook Tong Group Holdings's Days Inventory for the six months ended in Dec. 2023 was 54.25.

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. Hung Fook Tong Group Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.12.

Hung Fook Tong Group Holdings Inventory Turnover Historical Data

The historical data trend for Hung Fook Tong Group 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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Hung Fook Tong Group Holdings Inventory Turnover Chart

Hung Fook Tong Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.48

5.67

5.60

5.18

5.96

Hung Fook Tong Group 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															2.78	2.55	2.61	2.74	3.36

Hung Fook Tong Group Holdings Inventory Turnover Calculation

Hung Fook Tong Group 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 )
=	279.248	/ (	(55.064	+	38.575)	/	2 )
=	279.248	/	46.8195
=	5.96

Hung Fook Tong Group 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 )
=	141.477	/ (	(45.539	+	38.575)	/	2 )
=	141.477	/	42.057
=	3.36

Hung Fook Tong Group Holdings (HKSE:01446) 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.

Hung Fook Tong Group 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
	=	42.057	/	141.477	*	365 / 2
	=	54.25

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.

Hung Fook Tong Group 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 )
	=	42.057	/	341.051
	=	0.12

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.

Hung Fook Tong Group Holdings Inventory Turnover Related Terms

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Hung Fook Tong Group Holdings (HKSE:01446) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Hung Fook Tong Group Holdings Ltd (HKSE:01446) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Dai King Street, Tai Po Industrial Estate, New Territories, Tai Po, Hong Kong, HKG

Website

https://www.hungfooktong.com

Hung Fook Tong Group Holdings Ltd is engaged in the production and sales of Chinese herbal drinks and other drink products, Chinese-style soups, herbal tortoise plastron jelly, and other food products under the Hung Fook Tong brand. Its segments include Hong Kong Retail and Wholesale. It derives the majority of its revenue from Hong Kong Retail segment with a presence in PRC, Hong Kong, and Overseas Countries.

Executives

Tse Po Tat	2201 Interest of corporation controlled by you
Wong Pui Chu	2201 Interest of corporation controlled by you
Prestigious Time Limited	2103 Interests held jointly with another person
Think Expert Investments Limited	2103 Interests held jointly with another person
Yitao Investments Limited	2103 Interests held jointly with another person
Chan Suk Hing Comita	2202 Interest of your spouse
Kwan Chan Lai Lai	2202 Interest of your spouse
Kwan Wang Yung

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