Grand Brilliance Group Holdings (HKSE:08372) Inventory Turnover : 0.43 (As of Sep. 2023)

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What is Grand Brilliance Group 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. Grand Brilliance Group Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$10.55 Mil. Grand Brilliance Group Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$24.66 Mil. Grand Brilliance Group Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grand Brilliance Group Holdings's Days Inventory for the three months ended in Sep. 2023 was 213.27.

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. Grand Brilliance Group Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.19.

Grand Brilliance Group Holdings Inventory Turnover Historical Data

The historical data trend for Grand Brilliance Group 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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Grand Brilliance Group Holdings Inventory Turnover Chart

Grand Brilliance Group Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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1.70

1.91

2.00

1.64

1.67

Grand Brilliance Group Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.31	0.33	0.59	0.47	0.43

Grand Brilliance Group Holdings Inventory Turnover Calculation

Grand Brilliance Group Holdings'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 )
=	37.189	/ (	(22.442	+	22.153)	/	2 )
=	37.189	/	22.2975
=	1.67

Grand Brilliance Group Holdings'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: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	10.55	/ (	(0	+	24.658)	/	1 )
=	10.55	/	24.658
=	0.43

Grand Brilliance Group Holdings (HKSE:08372) 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.

Grand Brilliance Group Holdings's Days Inventory for the three 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
	=	24.658	/	10.55	*	365 / 4
	=	213.27

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.

Grand Brilliance Group Holdings'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 )
	=	24.658	/	20.803
	=	1.19

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.

Grand Brilliance Group Holdings Inventory Turnover Related Terms

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Grand Brilliance Group Holdings (HKSE:08372) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Grand Brilliance Group Holdings Ltd (HKSE:08372) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Sha Tsui Road, The Octagon, Units 2901-2903 and 2905, 29th Floor, New Territories, Tsuen Wan, Hong Kong, HKG

Website

http://www.grandbrilliancegroup.com

Grand Brilliance Group Holdings Ltd is an investment holding. The company is engaged in the business of medical device distribution. The company also provides one-stop medical device solutions, including market trend analysis, sourcing of medical devices, after-sale services, technical support, and training services, medical device leasing services, and quality assurance. Geographically, the company derives revenue from Hong Kong. The company serves private hospitals, public hospitals, private clinics, non-profit organizations, universities, and individual end-users in Hong Kong.

Executives

Miu Yin Shun Andrew	2202 Interest of your spouse
Wong Bik Kwan Bikie	2101 Beneficial owner
B&a Success Limited	2101 Beneficial owner

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