Asia Grocery Distribution (HKSE:08413) Inventory Turnover : 1.97 (As of Sep. 2023)

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What is Asia Grocery Distribution 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. Asia Grocery Distribution's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$56.1 Mil. Asia Grocery Distribution's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$28.4 Mil. Asia Grocery Distribution's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asia Grocery Distribution's Days Inventory for the three months ended in Sep. 2023 was 46.24.

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. Asia Grocery Distribution's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.39.

Asia Grocery Distribution Inventory Turnover Historical Data

The historical data trend for Asia Grocery Distribution'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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Asia Grocery Distribution Inventory Turnover Chart

Asia Grocery Distribution Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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9.11

8.28

5.77

5.18

6.22

Asia Grocery Distribution 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															1.42	1.53	1.74	1.78	1.97

Asia Grocery Distribution Inventory Turnover Calculation

Asia Grocery Distribution'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 )
=	219.429	/ (	(38.406	+	32.112)	/	2 )
=	219.429	/	35.259
=	6.22

Asia Grocery Distribution'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 )
=	56.058	/ (	(0	+	28.405)	/	1 )
=	56.058	/	28.405
=	1.97

Asia Grocery Distribution (HKSE:08413) 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.

Asia Grocery Distribution'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
	=	28.405	/	56.058	*	365 / 4
	=	46.24

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.

Asia Grocery Distribution'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 )
	=	28.405	/	72.089
	=	0.39

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.

Asia Grocery Distribution Inventory Turnover Related Terms

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Asia Grocery Distribution (HKSE:08413) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Asia Grocery Distribution Ltd (HKSE:08413) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 22 Sze Shan Street, The Whole of Upper Ground Floor, Mai Tong Industrial Building, Kowloon, Hong Kong, HKG

Website

https://www.agdl.com.hk

Asia Grocery Distribution Ltd is engaged in distributing food and beverage groceries to a wide array of customers, including restaurants, non-commercial dining establishments, hotels, and private clubs, food processing operators, and wholesalers in Hong Kong. It also offers Kitchen and hygiene products include food wrap and food related products such as cling film, baking sheet, foil, cleaning products such as detergent, bleach, liquid soap and others such as tissue paper, toothpick and towel, hygiene products such as face masks and gloves. The company distributes its products to Hong Kong, China, Korea, Thailand, Malaysia, the United Kingdom, the United States, Spain, France, Turkey, and Italy.

Executives

Chu Man	2202 Interest of your spouse
Sky Alpha Investments Limited	2101 Beneficial owner
Fan Wing	2202 Interest of your spouse
Wong Siu Man	2201 Interest of corporation controlled by you
Wong Siu Wa	2201 Interest of corporation controlled by you

Asia Grocery Distribution (HKSE:08413) Headlines

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