Parkson Retail Group (Parkson Retail Group) Inventory Turnover : 1.03 (As of Dec. 2023)

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What is Parkson Retail 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. Parkson Retail Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $58.6 Mil. Parkson Retail Group's Average Total Inventories for the quarter that ended in Dec. 2023 was $56.8 Mil. Parkson Retail Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Parkson Retail Group's Days Inventory for the three months ended in Dec. 2023 was 88.32.

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. Parkson Retail Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.47.

Parkson Retail Group Inventory Turnover Historical Data

The historical data trend for Parkson Retail 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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Parkson Retail Group Inventory Turnover Chart

Parkson Retail Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.13

5.66

5.13

3.57

3.93

Parkson Retail Group Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.79	1.20	1.11	1.07	1.03

Parkson Retail Group Inventory Turnover Calculation

Parkson Retail 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 )
=	257.093	/ (	(71.834	+	59.062)	/	2 )
=	257.093	/	65.448
=	3.93

Parkson Retail 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	58.634	/ (	(54.442	+	59.062)	/	2 )
=	58.634	/	56.752
=	1.03

Parkson Retail Group (OTCPK:PKSGY) 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.

Parkson Retail Group'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
	=	56.752	/	58.634	*	365 / 4
	=	88.32

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.

Parkson Retail 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 )
	=	56.752	/	119.873
	=	0.47

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.

Parkson Retail Group Inventory Turnover Related Terms

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Parkson Retail Group (Parkson Retail Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Parkson Retail Group Ltd (OTCPK:PKSGY) » Definitions » Inventory Turnover

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03368:Hong Kong

Address

No. 555, Loushanguan Road, 5th Floor, Metro Plaza, Changning District, Shanghai, CHN, 200051

Website

http://www.parksongroup.com.cn

Parkson Retail Group Ltd is engaged in departmental store operations. It manages a diversified collection of retail formats - including department stores, shopping malls, city outlets, supermarkets, and food & beverage outlets. The Group has one major operating segment: Retail. It operates mainly in the PRC.

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