Crocodile Garments (HKSE:00122) Inventory Turnover : 0.54 (As of Jan. 2024)

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What is Crocodile Garments 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. Crocodile Garments's Cost of Goods Sold for the six months ended in Jan. 2024 was HK$8.85 Mil. Crocodile Garments's Average Total Inventories for the quarter that ended in Jan. 2024 was HK$16.52 Mil. Crocodile Garments's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Crocodile Garments's Days Inventory for the six months ended in Jan. 2024 was 340.63.

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. Crocodile Garments's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.34.

Crocodile Garments Inventory Turnover Historical Data

The historical data trend for Crocodile Garments'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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Crocodile Garments Inventory Turnover Chart

Crocodile Garments Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Inventory Turnover

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1.63

0.94

0.78

1.37

1.04

Crocodile Garments Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															0.92	0.59	0.58	0.52	0.54

Crocodile Garments Inventory Turnover Calculation

Crocodile Garments's Inventory Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Inventory Turnover (A: Jul. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2023 )	/ (	(Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )
=	14.044	/ (	(12.484	+	14.537)	/	2 )
=	14.044	/	13.5105
=	1.04

Crocodile Garments's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Jul. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	8.852	/ (	(14.537	+	18.507)	/	2 )
=	8.852	/	16.522
=	0.54

Crocodile Garments (HKSE:00122) 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.

Crocodile Garments's Days Inventory for the six months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	16.522	/	8.852	*	365 / 2
	=	340.63

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.

Crocodile Garments's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	16.522	/	48.916
	=	0.34

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.

Crocodile Garments Inventory Turnover Related Terms

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Crocodile Garments (HKSE:00122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Crocodile Garments Ltd (HKSE:00122) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

25th Floor, 79 Hoi Yuen Road, Crocodile Center, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.crocodile.com.hk

Crocodile Garments Ltd is a Hong Kong-based company engaged in the sale of garments. The firm operates in three reportable segments including Garment and related accessories business, Property investment and letting business and Treasury management. Its products include men's, women's children's clothing, ties, underwear, bags and wallets, belts and shoes. The company generates the majority of the revenue from property investment and letting business.

Executives

Lam Howard	2201 Interest of corporation controlled by you
Lam Wai Shan, Vanessa	2101 Beneficial owner
Honorman Limited	2201 Interest of corporation controlled by you
Rich Promise Limited	2101 Beneficial owner
Lam Kin Ming	2101 Beneficial owner

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