Ernest Borel Holdings (HKSE:01856) Inventory Turnover : 0.12 (As of Dec. 2023)

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What is Ernest Borel 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. Ernest Borel Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$39.5 Mil. Ernest Borel Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$320.4 Mil. Ernest Borel Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ernest Borel Holdings's Days Inventory for the six months ended in Dec. 2023 was 1,480.43.

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. Ernest Borel Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 3.89.

Ernest Borel Holdings Inventory Turnover Historical Data

The historical data trend for Ernest Borel 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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Ernest Borel Holdings Inventory Turnover Chart

Ernest Borel Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.25

0.14

0.16

0.18

0.24

Ernest Borel 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															0.09	0.06	0.12	0.12	0.12

Ernest Borel Holdings Inventory Turnover Calculation

Ernest Borel 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 )
=	77.932	/ (	(322.277	+	324.784)	/	2 )
=	77.932	/	323.5305
=	0.24

Ernest Borel 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 )
=	39.499	/ (	(316.042	+	324.784)	/	2 )
=	39.499	/	320.413
=	0.12

Ernest Borel Holdings (HKSE:01856) 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.

Ernest Borel 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
	=	320.413	/	39.499	*	365 / 2
	=	1,480.43

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.

Ernest Borel 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 )
	=	320.413	/	82.452
	=	3.89

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.

Ernest Borel Holdings Inventory Turnover Related Terms

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Ernest Borel Holdings (HKSE:01856) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ernest Borel Holdings Ltd (HKSE:01856) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

193 Prince Edward Road West, Unit 1612-18, Level 16, Tower 1, Grand Century Place, Mongkok, Kowloon, Hong Kong, HKG

Website

https://www.ernestborel.ch

Ernest Borel Holdings Ltd is an investment holding company principally engaged in the design, manufacture, marketing, and sales of Swiss-made mechanical and quartz premium watches for men and women. Its collection of watches includes Royal, Braque, Jules, Borel, Retro, Cocktail, Galaxy, Cosmic, Heritage, Heartful, and other collections. Its geographical segments are China, Hong Kong, and Macau, and Others (mainly in Southeast Asia and Europe).

Executives

Citychamp Watch & Jewellery Group Limited	2201 Interest of corporation controlled by you
Full Day Limited	2201 Interest of corporation controlled by you
Sincere View International Limited	2501 Other
Vgb Limited	2101 Beneficial owner
Hon Kwok Lung	2201 Interest of corporation controlled by you
Lam Suk Ying	2201 Interest of corporation controlled by you
Xiong Wei	2202 Interest of your spouse
Xu Hong	2201 Interest of corporation controlled by you

Ernest Borel Holdings (HKSE:01856) Headlines

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