Hang Lung Group (Hang Lung Group) Inventory Turnover : 0.12 (As of Dec. 2023)

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What is Hang Lung Group 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. Hang Lung Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $204 Mil. Hang Lung Group's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,691 Mil. Hang Lung Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hang Lung Group's Days Inventory for the six months ended in Dec. 2023 was 1,510.42.

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. Hang Lung Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.47.

Hang Lung Group Inventory Turnover Historical Data

The historical data trend for Hang Lung Group'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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Hang Lung Group Inventory Turnover Chart

Hang Lung Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.62

0.39

0.33

0.29

0.24

Hang Lung Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.15	0.15	0.14	0.12	0.12

Hang Lung Group Inventory Turnover Calculation

Hang Lung Group'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 )
=	395.273	/ (	(1501.4	+	1823.862)	/	2 )
=	395.273	/	1662.631
=	0.24

Hang Lung Group'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 )
=	204.359	/ (	(1558.79	+	1823.862)	/	2 )
=	204.359	/	1691.326
=	0.12

Hang Lung Group (OTCPK:HNLGY) 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.

Hang Lung Group'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
	=	1691.326	/	204.359	*	365 / 2
	=	1,510.42

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.

Hang Lung Group'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 )
	=	1691.326	/	685.805
	=	2.47

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.

Hang Lung Group Inventory Turnover Related Terms

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Hang Lung Group (Hang Lung Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hang Lung Group Ltd (OTCPK:HNLGY) » Definitions » Inventory Turnover

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HNLGF:USA 00010:Hong Kong

Address

4 Des Voeux Road Central, 28th Floor, Standard Chartered Bank Building, Hong Kong, HKG

Website

https://www.hanglunggroup.com

Hang Lung Group Ltd is an investment holding company engaged in the property leasing business. The Company operates its business through two segments. The Property Leasing segment engages in the property leasing operation. The Company's investment properties portfolio consists of retail, office, residential, serviced apartments, and car parks, located in mainland China and Hong Kong, and the Property Sales segment engages in the development and sale of trading properties in mainland China and Hong Kong. It derives a majority of its revenue from the property leasing segment.

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