Tesson Holdings (HKSE:01201) Inventory Turnover : 1.79 (As of Dec. 2023)

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What is Tesson 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. Tesson Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$60.6 Mil. Tesson Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$33.9 Mil. Tesson Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tesson Holdings's Days Inventory for the six months ended in Dec. 2023 was 102.07.

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. Tesson Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.58.

Tesson Holdings Inventory Turnover Historical Data

The historical data trend for Tesson 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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Tesson Holdings Inventory Turnover Chart

Tesson Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.42

0.29

0.11

0.16

3.29

Tesson Holdings 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															0.06	0.05	0.07	2.08	1.79

Tesson Holdings Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	126.967	/ (	(36.599	+	40.504)	/	2 )
=	126.967	/	38.5515
=	3.29

Tesson Holdings'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 )
=	60.571	/ (	(27.251	+	40.504)	/	2 )
=	60.571	/	33.8775
=	1.79

Tesson Holdings (HKSE:01201) 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.

Tesson Holdings'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
	=	33.8775	/	60.571	*	365 / 2
	=	102.07

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.

Tesson Holdings'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 )
	=	33.8775	/	58.833
	=	0.58

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.

Tesson Holdings Inventory Turnover Related Terms

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Tesson Holdings (HKSE:01201) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tesson Holdings Ltd (HKSE:01201) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

68 Mody Road, Room 401A, Empire Centre, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.tessonholdings.com

Tesson Holdings Ltd is engaged in the Lithium-Ion Motive Battery Business and Property and Cultural business. The Group's revenue is derived from the Lithium Ion Motive Battery Business and internet sales business. All revenue generated by the group was derived from the PRC.

Executives

Cui Qiang	2101 Beneficial owner
Double Key International Limited	2101 Beneficial owner
Cheng Hung Mui	2201 Interest of corporation controlled by you
Luk Siu Man, Semon	2202 Interest of your spouse
Yeung Sau Shing, Albert	2307 Founder of a discretionary trust who can infl
Albert Yeung Capital Holdings Limited	2201 Interest of corporation controlled by you
Cdm Trust & Board Services Ag	2301 Trustee
Emperor Capital Group Limited	2201 Interest of corporation controlled by you
Emperor Finance Limited	2101 Beneficial owner
Cui Qiang	2101 Beneficial owner
Leung Ka Chun	2101 Beneficial owner
Fu Tat Credit Limited	2106 Person having a security interest in shares
Hui Mei Ching	2201 Interest of corporation controlled by you
Lo Shi Ki	2201 Interest of corporation controlled by you

Tesson Holdings (HKSE:01201) Headlines

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