Yuk Wing Group Holdings (HKSE:01536) Inventory Turnover : 0.91 (As of Sep. 2023)

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What is Yuk Wing 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. Yuk Wing Group Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$50.6 Mil. Yuk Wing Group Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$55.7 Mil. Yuk Wing Group Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yuk Wing Group Holdings's Days Inventory for the six months ended in Sep. 2023 was 200.56.

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. Yuk Wing Group Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.83.

Yuk Wing Group Holdings Inventory Turnover Historical Data

The historical data trend for Yuk Wing 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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Yuk Wing Group Holdings Inventory Turnover Chart

Yuk Wing Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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2.06

2.13

1.17

1.69

2.03

Yuk Wing Group Holdings Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial													0.99	0.66	1.00	0.77	0.91

Yuk Wing Group Holdings Inventory Turnover Calculation

Yuk Wing Group 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 )
=	113.63	/ (	(55.74	+	56.471)	/	2 )
=	113.63	/	56.1055
=	2.03

Yuk Wing Group 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 )
=	50.645	/ (	(56.471	+	54.843)	/	2 )
=	50.645	/	55.657
=	0.91

Yuk Wing Group Holdings (HKSE:01536) 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.

Yuk Wing Group 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
	=	55.657	/	50.645	*	365 / 2
	=	200.56

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.

Yuk Wing Group 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 )
	=	55.657	/	67.139
	=	0.83

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.

Yuk Wing Group Holdings Inventory Turnover Related Terms

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Yuk Wing Group Holdings (HKSE:01536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Yuk Wing Group Holdings Ltd (HKSE:01536) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

288 Des Voeux Road Central, Unit B, 13th Floor, Eton Building, Hong Kong, HKG

Website

http://www.yukwing.com

Yuk Wing Group Holdings Ltd is an investment holding company engaged in the manufacturing and trading of down-the-hole (DTH) rockdrilling tools. The company's operating segments include Manufacturing and trading of DTH rockdrilling tools, Trading of piling and drilling machineries and Trading of rockdrilling equipment. It generates maximum revenue from the Manufacturing and trading of DTH rockdrilling tools segment. Geographically, it derives a majority of revenue from Hong Kong and also has a presence in Macau, PRC, and other Countries.

Executives

Huang Shixin	2101 Beneficial owner
Chan Leung Choi	2101 Beneficial owner
Colour Shine Investments Limited	2101 Beneficial owner
He Xiaoming	2201 Interest of corporation controlled by you

Yuk Wing Group Holdings (HKSE:01536) Headlines

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