1957. (Hospitality) (HKSE:08495) Inventory Turnover : 28.68 (As of Dec. 2023)

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What is 1957. (Hospitality) 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. 1957. (Hospitality)'s Cost of Goods Sold for the three months ended in Dec. 2023 was HK$75.6 Mil. 1957. (Hospitality)'s Average Total Inventories for the quarter that ended in Dec. 2023 was HK$2.6 Mil. 1957. (Hospitality)'s Inventory Turnover for the quarter that ended in Dec. 2023 was 28.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 1957. (Hospitality)'s Days Inventory for the three months ended in Dec. 2023 was 3.18.

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. 1957. (Hospitality)'s Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

1957. (Hospitality) Inventory Turnover Historical Data

The historical data trend for 1957. (Hospitality)'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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1957. (Hospitality) Inventory Turnover Chart

1957. (Hospitality) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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100.59

96.64

107.79

102.91

123.69

1957. (Hospitality) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															29.11	33.82	32.23	33.38	28.68

1957. (Hospitality) Inventory Turnover Calculation

1957. (Hospitality)'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 )
=	308.846	/ (	(2.357	+	2.637)	/	2 )
=	308.846	/	2.497
=	123.69

1957. (Hospitality)'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	75.631	/ (	(0	+	2.637)	/	1 )
=	75.631	/	2.637
=	28.68

1957. (Hospitality) (HKSE:08495) 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.

1957. (Hospitality)'s Days Inventory for the three 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
	=	2.637	/	75.631	*	365 / 4
	=	3.18

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.

1957. (Hospitality)'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 )
	=	2.637	/	130.393
	=	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.

1957. (Hospitality) Inventory Turnover Related Terms

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1957. (Hospitality) (HKSE:08495) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » 1957 & Co. (Hospitality) Ltd (HKSE:08495) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

391–407 Jaffe Road, 33rd Floor, Times Tower, Hong Kong, HKG

Website

https://www.1957.com.hk

1957 & Co. (Hospitality) Ltd is a Hong Kong-based restaurant operation and management company. Together with its subsidiaries, the firm operates full-service restaurants under various brands and serves Japanese, Thai, Vietnamese, Shanghainese and Italian cuisines. The Group is engaged in the operation of restaurants and provision of catering management and consultancy services segment. Apart from its restaurant operation business the company also provides catering management and consultancy services in Hong Kong and the People's Republic of China. It derives the majority of the revenue from the operation of restaurants.

Executives

Cai Weike	2201 Interest of corporation controlled by you
Real Hero Ventures Limited	2101 Beneficial owner
Zhang Meiyun	2202 Interest of your spouse
Chan Siu Wan	2202 Interest of your spouse
Leung Chi Tien Steve	2201 Interest of corporation controlled by you
Kwan Wing Kuen Tino	2101 Beneficial owner
Kwan Wai Ling Alicia	2202 Interest of your spouse
1957 & Co. Limited	2201 Interest of corporation controlled by you
Sino Explorer Limited	2101 Beneficial owner
All Victory Global Limited

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