Kin Yat Holdings (HKSE:00638) Inventory Turnover : 1.04 (As of Sep. 2023)

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What is Kin Yat 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. Kin Yat Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$477 Mil. Kin Yat Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$458 Mil. Kin Yat Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kin Yat Holdings's Days Inventory for the six months ended in Sep. 2023 was 174.90.

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. Kin Yat Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.83.

Kin Yat Holdings Inventory Turnover Historical Data

The historical data trend for Kin Yat 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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Kin Yat Holdings Inventory Turnover Chart

Kin Yat Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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4.22

3.05

3.07

2.49

1.63

Kin Yat 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															1.41	1.02	1.13	0.54	1.04

Kin Yat Holdings Inventory Turnover Calculation

Kin Yat 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 )
=	1082.937	/ (	(842.738	+	482.091)	/	2 )
=	1082.937	/	662.4145
=	1.63

Kin Yat 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 )
=	477.455	/ (	(482.091	+	433.066)	/	2 )
=	477.455	/	457.5785
=	1.04

Kin Yat Holdings (HKSE:00638) 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.

Kin Yat 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
	=	457.5785	/	477.455	*	365 / 2
	=	174.90

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.

Kin Yat 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 )
	=	457.5785	/	552.266
	=	0.83

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.

Kin Yat Holdings Inventory Turnover Related Terms

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Kin Yat Holdings (HKSE:00638) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kin Yat Holdings Ltd (HKSE:00638) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

25 - 27 Luk Hop Street, 7th Floor, Galaxy Factory Building, San Po Kong, Kowloon, Hong Kong, HKG

Website

http://www.kinyat.com.hk

Kin Yat Holdings Ltd is engaged in the design, manufacture, and sale of electrical and electronic products, motors, glass technology and application, and real estate development. Its segment includes the Electrical and Electronic products segment consists of the manufacture and sale of AI robotics, IoT and smart home products, electronic entertainment products, and other related products; the Motors segment consists of the development, design, manufacture, and sale of electric motor drives and related products and encoder film; the Real Estate development segment. The majority of the revenue is derived from the Motors segment.

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