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Top Wealth Group Holding (Top Wealth Group Holding) Inventory Turnover : 3.54 (As of Dec. 2023)


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What is Top Wealth Group Holding 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. Top Wealth Group Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was $7.37 Mil. Top Wealth Group Holding's Average Total Inventories for the quarter that ended in Dec. 2023 was $2.08 Mil. Top Wealth Group Holding's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Top Wealth Group Holding's Days Inventory for the six months ended in Dec. 2023 was 51.62.

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. Top Wealth Group Holding's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.21.

Top Wealth Group Holding Inventory Turnover Historical Data

The historical data trend for Top Wealth Group Holding'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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Top Wealth Group Holding Inventory Turnover Chart

Top Wealth Group Holding Annual Data
Trend Dec21 Dec22 Dec23
Inventory Turnover
0.02 3.71 10.39

Top Wealth Group Holding Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Inventory Turnover - 6.69 1.28 1.37 3.54

Top Wealth Group Holding Inventory Turnover Calculation

Top Wealth Group Holding'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 )
=11.556 / ((2.072 + 0.153) / 2 )
=11.556 / 1.1125
=10.39

Top Wealth Group Holding'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 )
=7.37 / ((4.016 + 0.153) / 2 )
=7.37 / 2.0845
=3.54

* 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.

Top Wealth Group Holding  (NAS:TWG) 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.

Top Wealth Group Holding'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
=2.0845/7.37*365 / 2
=51.62

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.

Top Wealth Group Holding'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 )
=2.0845 / 9.977
=0.21

* 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.

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.

Top Wealth Group Holding Inventory Turnover Related Terms

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Top Wealth Group Holding (Top Wealth Group Holding) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Top Wealth Group Holding Ltd (NAS:TWG) » Definitions » Inventory Turnover
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Traded in Other Exchanges
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Address
118 Connaught Road West, 7F, Hong Kong Plaza, Units 714 & 715, Hong Kong, HKG
Website
https://www.imperialcristalcaviar.com
Top Wealth Group Holding Ltd is as supplier of caviar and offer caviar-based gourmet products. It is specialized in supplying high quality sturgeons caviar.

Top Wealth Group Holding (Top Wealth Group Holding) Headlines

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