Leunda Holdings (HKSE:00738) Inventory Turnover : 0.36 (As of Aug. 2023)

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What is Leunda 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. Leunda Holdings's Cost of Goods Sold for the six months ended in Aug. 2023 was HK$76.6 Mil. Leunda Holdings's Average Total Inventories for the quarter that ended in Aug. 2023 was HK$214.2 Mil. Leunda Holdings's Inventory Turnover for the quarter that ended in Aug. 2023 was 0.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Leunda Holdings's Days Inventory for the six months ended in Aug. 2023 was 510.59.

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. Leunda Holdings's Inventory-to-Revenue for the quarter that ended in Aug. 2023 was 0.96.

Leunda Holdings Inventory Turnover Historical Data

The historical data trend for Leunda 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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Leunda Holdings Inventory Turnover Chart

Leunda Holdings Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Inventory Turnover

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1.00

0.91

1.18

1.26

0.73

Leunda Holdings Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Inventory Turnover	Get a 7-Day Free Trial															0.67	0.55	0.38	0.36	0.36

Leunda Holdings Inventory Turnover Calculation

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

	Inventory Turnover (A: Feb. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2023 )	/ (	(Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Feb. 2023 ))	/	count )
=	165.247	/ (	(229.063	+	220.765)	/	2 )
=	165.247	/	224.914
=	0.73

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

	Inventory Turnover (Q: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Aug. 2023 )	/ (	(Total Inventories (Q: Feb. 2023 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )
=	76.561	/ (	(220.765	+	207.631)	/	2 )
=	76.561	/	214.198
=	0.36

Leunda Holdings (HKSE:00738) 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.

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

Days Inventory	=	Average Total Inventories (Q: Aug. 2023 )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
	=	214.198	/	76.561	*	365 / 2
	=	510.59

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2023 )	/	Revenue (Q: Aug. 2023 )
	=	214.198	/	222.223
	=	0.96

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.

Leunda Holdings Inventory Turnover Related Terms

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Leunda Holdings (HKSE:00738) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Le Saunda Holdings Ltd (HKSE:00738) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1063 King's Road, Suites 1104-1106, 11th Floor, Quarry Bay, Hong Kong, HKG

Website

http://www.lesaunda.com.hk

Le Saunda Holdings Ltd is an investment holding company, engaged in the design, development, manufacturing, and retailing of ladies' and men's footwear, handbags, and fashion accessories. The group operates in Mainland China, Hong Kong, and Macau, and the majority of the revenue is generated from China. The proprietary brands of the firm include le saunda, le saunda men, Linea rosa and CNE.

Executives

Li Wing Yeung Peter	2101 Beneficial owner
Ophorst Van Marwijk Kooy Vermogensbeheer N.v.	2102 Investment manager
Lee Tze Bun Marces	2101 Beneficial owner
Cheung Man Ching Teresa	2301 Trustee

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