Grown Up Group Investment Holdings (HKSE:01842) Inventory Turnover : 4.95 (As of Dec. 2023)

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What is Grown Up Group Investment 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. Grown Up Group Investment Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$117.8 Mil. Grown Up Group Investment Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$23.8 Mil. Grown Up Group Investment Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grown Up Group Investment Holdings's Days Inventory for the six months ended in Dec. 2023 was 36.89.

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. Grown Up Group Investment Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.18.

Grown Up Group Investment Holdings Inventory Turnover Historical Data

The historical data trend for Grown Up Group Investment 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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Grown Up Group Investment Holdings Inventory Turnover Chart

Grown Up Group Investment Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.21

4.63

7.19

15.36

8.93

Grown Up Group Investment Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial									4.36	10.90	8.73	5.53	4.95

Grown Up Group Investment Holdings Inventory Turnover Calculation

Grown Up Group Investment 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 )
=	249.259	/ (	(27.848	+	27.969)	/	2 )
=	249.259	/	27.9085
=	8.93

Grown Up Group Investment 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 )
=	117.806	/ (	(19.66	+	27.969)	/	2 )
=	117.806	/	23.8145
=	4.95

Grown Up Group Investment Holdings (HKSE:01842) 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.

Grown Up Group Investment 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
	=	23.8145	/	117.806	*	365 / 2
	=	36.89

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.

Grown Up Group Investment 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 )
	=	23.8145	/	134.429
	=	0.18

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.

Grown Up Group Investment Holdings Inventory Turnover Related Terms

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Grown Up Group Investment Holdings (HKSE:01842) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Grown Up Group Investment Holdings Ltd (HKSE:01842) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Ting Kok Road, Tai Po, Flat D, 7th Floor, Block 2, Tai Ping Industrial Centre, New Territories, Hong Kong, HKG

Website

https://www.grown-up-europe.com

Grown Up Group Investment Holdings Ltd is engaged in the manufacturing and sale of backpack and luggage. The backpack and luggage products are categorized into private label products and branded products covering licensed brand products. These products catered to kid, teen, sports, leisure, business, travel, and technical segments. It operates in The private label products segment products are produced and sold under both Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) businesses to the brand owners or their licensees. The branded label products segment products branded under the Group's proprietary Ellehammer brand as well as the licensed brands, distributed through the Group's sales network.

Executives

Berg Group Holding Limited
Gp Group Investment Holding Limited
Grimshaw Stuart Ian	2101 Beneficial owner
Berg Thomas	2201 Interest of corporation controlled by you

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