Alco Holdings (HKSE:00328) Inventory Turnover : 2.31 (As of Sep. 2023)

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What is Alco Holdings 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. Alco Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$81.2 Mil. Alco Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$35.2 Mil. Alco Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Alco Holdings's Days Inventory for the six months ended in Sep. 2023 was 79.17.

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. Alco Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.41.

Alco Holdings Inventory Turnover Historical Data

The historical data trend for Alco Holdings'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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Alco Holdings Inventory Turnover Chart

Alco Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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3.97

2.51

2.79

1.34

0.51

Alco Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.56	0.65	0.24	0.74	2.31

Alco Holdings Inventory Turnover Calculation

Alco Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	100.273	/ (	(353.939	+	38.496)	/	2 )
=	100.273	/	196.2175
=	0.51

Alco Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	81.16	/ (	(38.496	+	31.924)	/	2 )
=	81.16	/	35.21
=	2.31

Alco Holdings (HKSE:00328) 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.

Alco Holdings's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	35.21	/	81.16	*	365 / 2
	=	79.17

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.

Alco Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	35.21	/	85.686
	=	0.41

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.

Alco Holdings Inventory Turnover Related Terms

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Alco Holdings (HKSE:00328) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Alco Holdings Ltd (HKSE:00328) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

2 On Yiu Street, 11th Floor, Metropole Square, Sha Tin, New Territories, Hong Kong, HKG

Website

https://www.alco.com.hk

Alco Holdings Ltd is an investment holding company. The company's operating segment includes AV products and Notebook products. It generates maximum revenue from the Notebook products segment. The AV products segment is involved in the design, manufacture, and sale of consumer electronic products, including audio, video, and tablet products. Its Notebook products segment is engaged in the design, manufacture, and sale of commercial notebooks and personal computer products. Geographically, it derives a majority of its revenue from Asia and also has a presence in North America; Europe, and Other Countries.

Executives

Bong Ching Chung Bong Ching Chung	2101 Beneficial owner
Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you
Xu Jia Qi	2101 Beneficial owner
Toh Cheng Hock Kenneth	2106 Person having a security interest in shares
Webb David Michael	2201 Interest of corporation controlled by you
Preferable Situation Assets Limited	2101 Beneficial owner
Li Wing Yin	2101 Beneficial owner
Shundean Investments Limited	2101 Beneficial owner
Leung Wai Lap David	2101 Beneficial owner
Leung Wai Lap David	2101 Beneficial owner
Leung Kai Ching Kimen	2101 Beneficial owner
Leung Wai Sing Wilson	2101 Beneficial owner

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