New World Department Store China (HKSE:00825) Inventory Turnover : 2.01 (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is New World Department Store China 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. New World Department Store China's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$156.6 Mil. New World Department Store China's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$78.0 Mil. New World Department Store China's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. New World Department Store China's Days Inventory for the six months ended in Dec. 2023 was 90.88.

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. New World Department Store China's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.20.

New World Department Store China Inventory Turnover Historical Data

The historical data trend for New World Department Store China'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.

* Premium members only.

New World Department Store China Inventory Turnover Chart

New World Department Store China Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

Get a 7-Day Free Trial

4.56

5.89

6.46

5.23

4.47

New World Department Store China Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.61	1.95	1.84	2.35	2.01

New World Department Store China Inventory Turnover Calculation

New World Department Store China's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	387.725	/ (	(94.606	+	79.045)	/	2 )
=	387.725	/	86.8255
=	4.47

New World Department Store China's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	156.567	/ (	(79.045	+	76.893)	/	2 )
=	156.567	/	77.969
=	2.01

New World Department Store China (HKSE:00825) 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.

New World Department Store China's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	77.969	/	156.567	*	365 / 2
	=	90.88

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.

New World Department Store China's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	77.969	/	393.09
	=	0.20

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.

New World Department Store China Inventory Turnover Related Terms

Thank you for viewing the detailed overview of New World Department Store China's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

New World Department Store China (HKSE:00825) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » New World Department Store China Ltd (HKSE:00825) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

NWRLY:USA NWM:Germany

Address

88 Hing Fat Street, 7th Floor, Causeway Bay, Hong Kong, HKG

Website

https://www.nwds.com.hk

New World Department Store China Ltd owns and operates department stores and shopping malls in the Peoples Republic of China. The company operates through two segments namely Department stores and Property Investment business. The company generates maximum revenue from the Department store segment. Revenue is predominantly generated in Mainland China and important operating assets of the group are in Mainland China.

New World Department Store China (HKSE:00825) Headlines

No Headlines