Chi Kan Holdings (HKSE:09913) Inventory Turnover : 88.57 (As of Sep. 2023)

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What is Chi Kan 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. Chi Kan Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$618 Mil. Chi Kan Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$7 Mil. Chi Kan Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 88.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chi Kan Holdings's Days Inventory for the six months ended in Sep. 2023 was 2.06.

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. Chi Kan Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.01.

Chi Kan Holdings Inventory Turnover Historical Data

The historical data trend for Chi Kan 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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Chi Kan Holdings Inventory Turnover Chart

Chi Kan Holdings Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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139.88

163.15

Chi Kan Holdings Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial						1,688.70	121.80	96.09	115.70	88.57

Chi Kan Holdings Inventory Turnover Calculation

Chi Kan 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 )
=	1402.403	/ (	(8.95	+	8.242)	/	2 )
=	1402.403	/	8.596
=	163.15

Chi Kan 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: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	617.699	/ (	(8.242	+	5.707)	/	2 )
=	617.699	/	6.9745
=	88.57

Chi Kan Holdings (HKSE:09913) 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.

Chi Kan Holdings'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
	=	6.9745	/	617.699	*	365 / 2
	=	2.06

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.

Chi Kan 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 )
	=	6.9745	/	749.157
	=	0.01

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.

Chi Kan Holdings Inventory Turnover Related Terms

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Chi Kan Holdings (HKSE:09913) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chi Kan Holdings Ltd (HKSE:09913) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 650 Cheung Sha Wan Road, Rooms 1008 and 1009, 10th Floor, China Shipbuilding Tower, Kowloon, Hong Kong, HKG

Website

http://www.chikanck.com

Chi Kan Holdings Ltd is a formwork contractor, mainly engaged in the provision of formwork services. The Company is principally engaged in the business of providing formwork services and other construction services in Hong Kong. The company's services include conventional formwork which is built on-site by mainly using timber and plywood; and prefabricated formwork which is built out of prefabricated modules by mainly using aluminium and steel. It also provides other construction services, including plastering, installing curtain walls and other miscellaneous works on an ancillary basis. It derives all its revenue from Hong Kong.

Executives

Ct Vision Strategic Company Limited	2101 Beneficial owner
Ho Chun Kit Gregory	2201 Interest of corporation controlled by you
Magnificent Faith Limited	2101 Beneficial owner
Li Qiang	2201 Interest of corporation controlled by you
Zhongchuang Boli (hong Kong) Co., Ltd.	2101 Beneficial owner
Chan May Kiu	2202 Interest of your spouse
Lo Hon Kwong	2201 Interest of corporation controlled by you
Zhong Chuang Bo Li Ke Ji Kong Gu You Xian Gong Si	2101 Beneficial owner

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