Watts International Maritime Co (HKSE:02258) Inventory Turnover : 38.37 (As of Dec. 2023)

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What is Watts International Maritime 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. Watts International Maritime Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,096 Mil. Watts International Maritime Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$29 Mil. Watts International Maritime Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 38.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Watts International Maritime Co's Days Inventory for the six months ended in Dec. 2023 was 4.76.

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. Watts International Maritime Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Watts International Maritime Co Inventory Turnover Historical Data

The historical data trend for Watts International Maritime 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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Watts International Maritime Co Inventory Turnover Chart

Watts International Maritime Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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58.98

32.71

37.60

64.75

168.92

Watts International Maritime Co Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial										13.48	20.62	31.42	36.25	38.37

Watts International Maritime Co Inventory Turnover Calculation

Watts International Maritime 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 )
=	2154.868	/ (	(13.393	+	12.121)	/	2 )
=	2154.868	/	12.757
=	168.92

Watts International Maritime 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 )
=	1096.194	/ (	(45.013	+	12.121)	/	2 )
=	1096.194	/	28.567
=	38.37

Watts International Maritime Co (HKSE:02258) 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.

Watts International Maritime 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
	=	28.567	/	1096.194	*	365 / 2
	=	4.76

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.

Watts International Maritime 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 )
	=	28.567	/	1208.748
	=	0.02

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.

Watts International Maritime Co Inventory Turnover Related Terms

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Watts International Maritime Co (HKSE:02258) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Watts International Maritime Co Ltd (HKSE:02258) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

2816 Yixian Road, 5th Floor, Tower 17, Baoshan District, Shanghai, CHN

Website

http://www.shbt-china.com

Watts International Maritime Co Ltd is an investment holding company. It is engaged in the port, waterway, and marine engineering work that includes the construction and installation of structures and facilities in river and sea areas. Its business operations comprise Marine construction and Municipal public construction. The company generates maximum revenue from the Municipal public construction segment.

Executives

Wang Likai	2103 Interests held jointly with another person
Wang Shiqin	2103 Interests held jointly with another person
Wang Shizhong	2201 Interest of corporation controlled by you
Wang Xiuchun	2103 Interests held jointly with another person
Ye Kangshun	2201 Interest of corporation controlled by you
Zhou Meng	2103 Interests held jointly with another person
Huazi Holding Limited	2101 Beneficial owner
Hz&bt Development Holding Limited	2101 Beneficial owner
Ye Wang Zhou Holding Limited	2101 Beneficial owner

Watts International Maritime Co (HKSE:02258) Headlines

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