Tai United Holdings (HKSE:00718) Inventory Turnover : 36.84 (As of Jun. 2023)

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What is Tai United 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. Tai United Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$54.7 Mil. Tai United Holdings's Average Total Inventories for the quarter that ended in Jun. 2023 was HK$1.5 Mil. Tai United Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 was 36.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tai United Holdings's Days Inventory for the six months ended in Jun. 2023 was 4.95.

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. Tai United Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.01.

Tai United Holdings Inventory Turnover Historical Data

The historical data trend for Tai United 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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Tai United Holdings Inventory Turnover Chart

Tai United Holdings Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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1,387.93

8.22

7.81

84.67

28.37

Tai United Holdings Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															3.10	89.09	9.03	5.73	36.84

Tai United Holdings Inventory Turnover Calculation

Tai United Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	88.211	/ (	(4.096	+	2.122)	/	2 )
=	88.211	/	3.109
=	28.37

Tai United Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	54.721	/ (	(2.122	+	0.849)	/	2 )
=	54.721	/	1.4855
=	36.84

Tai United Holdings (HKSE:00718) 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.

Tai United Holdings's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	1.4855	/	54.721	*	365 / 2
	=	4.95

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.

Tai United Holdings's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	1.4855	/	99.559
	=	0.01

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.

Tai United Holdings Inventory Turnover Related Terms

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Tai United Holdings (HKSE:00718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Tai United Holdings Ltd (HKSE:00718) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Room 4202–03A, 42th Floor, China Resource Building, Wanchai, Hong Kong, HKG

Website

http://www.irasia.com/listco/hk/taiunited/index.ht

Tai United Holdings Ltd is an investment holding company. Its segments include Property investment segment engaged in property investment and leasing of properties; Medical equipment trading segment; Flooring materials trading segment; Mining and exploitation of natural resources segment engaged in mining and production of tungsten resources activities in the Republic of Mongolia; and Financial services and asset management segment that includes trading equity securities and derivatives and managing of assets arising from acquisition of distressed debts assets. It derives majority of the revenue from the Flooring materials trading segment.

Executives

Satinu Resources Group Ltd.	2201 Interest of corporation controlled by you
Songbird Sg Pte. Ltd.	2101 Beneficial owner

Tai United Holdings (HKSE:00718) Headlines

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