International Housewares Retail Co (HKSE:01373) Inventory Turnover : 1.89 (As of Oct. 2023)

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What is International Housewares Retail Co 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. International Housewares Retail Co's Cost of Goods Sold for the six months ended in Oct. 2023 was HK$704 Mil. International Housewares Retail Co's Average Total Inventories for the quarter that ended in Oct. 2023 was HK$373 Mil. International Housewares Retail Co's Inventory Turnover for the quarter that ended in Oct. 2023 was 1.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. International Housewares Retail Co's Days Inventory for the six months ended in Oct. 2023 was 96.64.

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. International Housewares Retail Co's Inventory-to-Revenue for the quarter that ended in Oct. 2023 was 0.28.

International Housewares Retail Co Inventory Turnover Historical Data

The historical data trend for International Housewares Retail Co'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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International Housewares Retail Co Inventory Turnover Chart

International Housewares Retail Co Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Inventory Turnover

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4.50

4.35

4.15

4.23

4.12

International Housewares Retail Co Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Inventory Turnover	Get a 7-Day Free Trial															1.91	2.43	1.98	2.12	1.89

International Housewares Retail Co Inventory Turnover Calculation

International Housewares Retail Co's Inventory Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Inventory Turnover (A: Apr. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2023 )	/ (	(Total Inventories (A: Apr. 2022 )	+	Total Inventories (A: Apr. 2023 ))	/	count )
=	1514.566	/ (	(375.294	+	360.188)	/	2 )
=	1514.566	/	367.741
=	4.12

International Housewares Retail Co's Inventory Turnover for the quarter that ended in Oct. 2023 is calculated as

	Inventory Turnover (Q: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Oct. 2023 )	/ (	(Total Inventories (Q: Apr. 2023 )	+	Total Inventories (Q: Oct. 2023 ))	/	count )
=	703.666	/ (	(360.188	+	385.04)	/	2 )
=	703.666	/	372.614
=	1.89

International Housewares Retail Co (HKSE:01373) 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.

International Housewares Retail Co's Days Inventory for the six months ended in Oct. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2023 )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
	=	372.614	/	703.666	*	365 / 2
	=	96.64

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.

International Housewares Retail Co's Inventory to Revenue for the quarter that ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2023 )	/	Revenue (Q: Oct. 2023 )
	=	372.614	/	1322.485
	=	0.28

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.

International Housewares Retail Co Inventory Turnover Related Terms

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International Housewares Retail Co (HKSE:01373) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » International Housewares Retail Co Ltd (HKSE:01373) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Southmark, 11 Yip Hing Street, 20th Floor, Tower B, Wong Chuk Hang, Hong Kong, HKG

Website

http://www.ihr.com.hk

International Housewares Retail Co Ltd and its subsidiaries are houseware retail chains in Hong Kong, Singapore, and Macau. The group offers houseware products through a retail network comprising stores in Hong Kong, Singapore, Macau, Cambodia, East Malaysia, Saudi Arabia and Australia under brands including Japan Home Centre, City Life, Epo gifts and stationery, 123 by ELLA, and Japan Home. The group has reportable operating segments namely Retail, Wholesales, Licensing and others. Hong Kong is the key market of the group, accounting for majorly of its total revenue. It generates the majority of its revenue from the Retail segment.

Executives

Lau Pak Fai Peter	2101 Beneficial owner
Webb David Michael	2201 Interest of corporation controlled by you
Ngai Lai Ha	2101 Beneficial owner

International Housewares Retail Co (HKSE:01373) Headlines

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