Huaxi Holdings Co (HKSE:01689) Inventory Turnover : 2.20 (As of Dec. 2023)

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What is Huaxi Holdings Co 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. Huaxi Holdings Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$69.3 Mil. Huaxi Holdings Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$31.4 Mil. Huaxi Holdings Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Huaxi Holdings Co's Days Inventory for the six months ended in Dec. 2023 was 82.78.

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. Huaxi Holdings Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.37.

Huaxi Holdings Co Inventory Turnover Historical Data

The historical data trend for Huaxi Holdings Co'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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Huaxi Holdings Co Inventory Turnover Chart

Huaxi Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.12

7.05

8.38

3.46

3.28

Huaxi Holdings Co Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															3.72	1.47	1.77	1.32	2.20

Huaxi Holdings Co Inventory Turnover Calculation

Huaxi Holdings Co'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 )
=	122.091	/ (	(45.891	+	28.543)	/	2 )
=	122.091	/	37.217
=	3.28

Huaxi Holdings Co'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 )
=	69.28	/ (	(34.304	+	28.543)	/	2 )
=	69.28	/	31.4235
=	2.20

Huaxi Holdings Co (HKSE:01689) 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.

Huaxi Holdings Co'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
	=	31.4235	/	69.28	*	365 / 2
	=	82.78

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.

Huaxi Holdings Co'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 )
	=	31.4235	/	84.652
	=	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.

Huaxi Holdings Co Inventory Turnover Related Terms

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Huaxi Holdings Co (HKSE:01689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Huaxi Holdings Co Ltd (HKSE:01689) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

No. 4 Wanji North Street, Wanji Industrial District, Guangdong Province, Shantou, CHN

Website

https://www.huaxihds.com.hk

Huaxi Holdings Co Ltd is an investment holding company principally engaged in the manufacture and sale of packaging materials for a cigarette in China. It has two reportable segments: Cigarette Packaging Business and Environmental Treatment Business. The products of the group include tipping papers, inner frame aluminum papers, inner laser paper, cigarette box frame paper, and cigarette trademark labels. Geographically all the activities functioned through China, and generate a vast majority of its revenues from the cigarette packaging business.

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