Wing On Co International (HKSE:00289) Inventory Turnover : 2.69 (As of Dec. 2023)

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What is Wing On Co International 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. Wing On Co International's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$198 Mil. Wing On Co International's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$74 Mil. Wing On Co International's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wing On Co International's Days Inventory for the six months ended in Dec. 2023 was 67.79.

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. Wing On Co International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.14.

Wing On Co International Inventory Turnover Historical Data

The historical data trend for Wing On Co International'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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Wing On Co International Inventory Turnover Chart

Wing On Co International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.64

4.89

5.08

4.97

5.23

Wing On Co International 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															2.76	2.13	2.66	2.71	2.69

Wing On Co International Inventory Turnover Calculation

Wing On Co International'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 )
=	393.766	/ (	(73.766	+	76.763)	/	2 )
=	393.766	/	75.2645
=	5.23

Wing On Co International'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 )
=	198.33	/ (	(70.578	+	76.763)	/	2 )
=	198.33	/	73.6705
=	2.69

Wing On Co International (HKSE:00289) 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.

Wing On Co International'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
	=	73.6705	/	198.33	*	365 / 2
	=	67.79

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.

Wing On Co International'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 )
	=	73.6705	/	525.358
	=	0.14

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.

Wing On Co International Inventory Turnover Related Terms

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Wing On Co International (HKSE:00289) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Wing On Co International Ltd (HKSE:00289) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

211 Des Voeux Road Central, 7th Floor, Wing On Centre, Hong Kong, HKG

Website

https://www.wingon.hk

Wing On Co International Ltd operates department stores. It also invests in properties. The company has two segments namely, Department Stores and Property Investment. Department stores segment operates department stores in Hong Kong, while the Property Investment segment engages in leasing commercial premises to generate rental income. Its investment property portfolio is spread across Hong Kong, Australia, and the United States of America. The firm derives most of its revenues from department stores.

Executives

Kee Wai Investment Company (bvi) Limited	2201 Interest of corporation controlled by you
Wing On Corporate Management (bvi) Limited	2201 Interest of corporation controlled by you
Wing On International Holdings Limited	2201 Interest of corporation controlled by you

Wing On Co International (HKSE:00289) Headlines

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