Oriental Watch Holdings (HKSE:00398) Inventory Turnover : 3.09 (As of Sep. 2023)

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What is Oriental Watch 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. Oriental Watch Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$1,276 Mil. Oriental Watch Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$413 Mil. Oriental Watch Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 3.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Oriental Watch Holdings's Days Inventory for the six months ended in Sep. 2023 was 59.10.

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. Oriental Watch Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.22.

Oriental Watch Holdings Inventory Turnover Historical Data

The historical data trend for Oriental Watch 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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Oriental Watch Holdings Inventory Turnover Chart

Oriental Watch Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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2.01

2.10

3.58

4.45

5.56

Oriental Watch 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															2.26	2.37	2.39	3.10	3.09

Oriental Watch Holdings Inventory Turnover Calculation

Oriental Watch 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 )
=	2515.967	/ (	(483.625	+	422.202)	/	2 )
=	2515.967	/	452.9135
=	5.56

Oriental Watch 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 )
=	1275.941	/ (	(422.202	+	404.189)	/	2 )
=	1275.941	/	413.1955
=	3.09

Oriental Watch Holdings (HKSE:00398) 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.

Oriental Watch 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
	=	413.1955	/	1275.941	*	365 / 2
	=	59.10

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.

Oriental Watch 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 )
	=	413.1955	/	1848.126
	=	0.22

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.

Oriental Watch Holdings Inventory Turnover Related Terms

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Oriental Watch Holdings (HKSE:00398) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Oriental Watch Holdings Ltd (HKSE:00398) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

111 Connaught Road Central, Wing On Centre, 19th Floor, Hong Kong, HKG

Website

https://www.orientalwatch.com

Oriental Watch Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the sales of watches. It operates in Hong Kong, the PRC, Macau, and Taiwan, of which a majority of revenue is generated from the PRC. The group sells its products through retail stores under the brand name Rolex, Tudor, Piaget, Vacheron Constantin, Audemars Piguet, IWC, Jaeger-LeCoultre, Girard Perregaux, Longines, and Omega, among others.

Executives

Bank Of America Corporation	2201 Interest of corporation controlled by you
Yeung Ming Biu	2101 Beneficial owner
Datsun Holdings Limited	2101 Beneficial owner

Oriental Watch Holdings (HKSE:00398) Headlines

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