EPS Creative Health Technology Group (HKSE:03860) Inventory Turnover : 14.10 (As of Sep. 2023)

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What is EPS Creative Health Technology Group 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. EPS Creative Health Technology Group's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$309.0 Mil. EPS Creative Health Technology Group's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$21.9 Mil. EPS Creative Health Technology Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 14.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. EPS Creative Health Technology Group's Days Inventory for the six months ended in Sep. 2023 was 12.94.

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. EPS Creative Health Technology Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.06.

EPS Creative Health Technology Group Inventory Turnover Historical Data

The historical data trend for EPS Creative Health Technology Group'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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EPS Creative Health Technology Group Inventory Turnover Chart

EPS Creative Health Technology Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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68.47

98.61

66.66

34.34

20.97

EPS Creative Health Technology Group Semi-Annual Data
	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												15.21	10.81	12.72	11.27	14.10

EPS Creative Health Technology Group Inventory Turnover Calculation

EPS Creative Health Technology Group'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 )
=	385.059	/ (	(19.856	+	16.871)	/	2 )
=	385.059	/	18.3635
=	20.97

EPS Creative Health Technology Group'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 )
=	308.998	/ (	(16.871	+	26.954)	/	2 )
=	308.998	/	21.9125
=	14.10

EPS Creative Health Technology Group (HKSE:03860) 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.

EPS Creative Health Technology Group'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
	=	21.9125	/	308.998	*	365 / 2
	=	12.94

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.

EPS Creative Health Technology Group'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 )
	=	21.9125	/	357.829
	=	0.06

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.

EPS Creative Health Technology Group Inventory Turnover Related Terms

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EPS Creative Health Technology Group (HKSE:03860) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » EPS Creative Health Technology Group Ltd (HKSE:03860) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Man Lok Street, Flat A, 17th Floor, Gemstar Tower, Hung Hom, Kowloon, Hong Kong, HKG

Website

https://www.epshk.hk

EPS Creative Health Technology Group Ltd is an investment holding company. Its segment includes the Garment business, Healthcare Products Business, and IRO with CRO and In-House R&D Business. It generates maximum revenue from the Garment segment which includes the provision of apparel supply chain management services for knitwear apparel products. Geographically, it derives a majority of revenue from Japan.

Executives

Eps Holdings, Inc.	2101 Beneficial owner
Y&g Limited	2201 Interest of corporation controlled by you
Yan Hao	2201 Interest of corporation controlled by you
He Jun	2201 Interest of corporation controlled by you
Rin Holding Co., Limited	2101 Beneficial owner
Taiga Industrial Co., Ltd	2201 Interest of corporation controlled by you
Shinyou Kk

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