Smoore International Holdings (HKSE:06969) Inventory Turnover : 4.66 (As of Dec. 2023)

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What is Smoore International 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. Smoore International Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,901 Mil. Smoore International Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$837 Mil. Smoore International Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Smoore International Holdings's Days Inventory for the six months ended in Dec. 2023 was 39.14.

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. Smoore International Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.13.

Smoore International Holdings Inventory Turnover Historical Data

The historical data trend for Smoore International 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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Smoore International Holdings Inventory Turnover Chart

Smoore International Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.99

9.89

12.95

9.47

8.34

Smoore International Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial								6.17	5.19	5.55	4.07	4.66

Smoore International Holdings Inventory Turnover Calculation

Smoore International 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 )
=	7474.858	/ (	(938.713	+	854.464)	/	2 )
=	7474.858	/	896.5885
=	8.34

Smoore International 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 )
=	3900.945	/ (	(818.805	+	854.464)	/	2 )
=	3900.945	/	836.6345
=	4.66

Smoore International Holdings (HKSE:06969) 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.

Smoore International 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
	=	836.6345	/	3900.945	*	365 / 2
	=	39.14

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.

Smoore International 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 )
	=	836.6345	/	6612.506
	=	0.13

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.

Smoore International Holdings Inventory Turnover Related Terms

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Smoore International Holdings (HKSE:06969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Smoore International Holdings Ltd (HKSE:06969) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SMORF:USA

Address

Gushu Community, Xixiang Street, No. 16, Dongcai Industrial Zone, Bao’an District, Guangdong, Shenzhen, CHN

Website

https://www.smooreholdings.com

Smoore International Holdings Ltd offers vaping technology solutions, including manufacturing vaping devices and vaping components for Heat-not-burn products. It operates in three segments namely research, design and manufacturing of closed-system vaping devices and vaping components for tobacco companies and independent vaping companies, and research, design, manufacturing, and sale of self-branded open-system vaping devices, or APV, for retail clients and new business such as atomization in medical treatment to provide patients with inhalation drug delivery products on a basis of atomization technology. The company generates maximum revenue from Vaping devices and components, other than APV.

Smoore International Holdings (HKSE:06969) Headlines

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