Q P Group Holdings (HKSE:01412) Inventory Turnover : 5.42 (As of Dec. 2023)

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What is Q P Group 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. Q P Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$376 Mil. Q P Group Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$69 Mil. Q P Group Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Q P Group Holdings's Days Inventory for the six months ended in Dec. 2023 was 33.67.

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. Q P Group Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.12.

Q P Group Holdings Inventory Turnover Historical Data

The historical data trend for Q P Group 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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Q P Group Holdings Inventory Turnover Chart

Q P Group Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.83

8.87

9.13

9.10

9.93

Q P Group Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial									4.28	4.22	4.65	4.20	5.42

Q P Group Holdings Inventory Turnover Calculation

Q P Group 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 )
=	683.107	/ (	(72.442	+	65.13)	/	2 )
=	683.107	/	68.786
=	9.93

Q P Group 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 )
=	376.3	/ (	(73.734	+	65.13)	/	2 )
=	376.3	/	69.432
=	5.42

Q P Group Holdings (HKSE:01412) 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.

Q P Group 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
	=	69.432	/	376.3	*	365 / 2
	=	33.67

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.

Q P Group 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 )
	=	69.432	/	578.508
	=	0.12

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.

Q P Group Holdings Inventory Turnover Related Terms

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Q P Group Holdings (HKSE:01412) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Q P Group Holdings Ltd (HKSE:01412) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 1 On Kwan Street, 21st Floor, Kings Wing Plaza 2, Shek Mun, Shatin, New Territories, Hong Kong, HKG

Website

https://www.qpp.com

Q P Group Holdings Ltd is a paper product manufacturing and printing services provider. The company's products can be classified as Tabletop games, Greeting cards, Educational items, Premium packaging, and other products. The firm's revenue is generated through sales of greeting cards and paper products. The operating segments of the group are Web sales and Original equipment manufacturer (OEM) sales. It has a business presence in the United States, Europe, the PRC, and others, of which key revenue is derived from the United States.

Executives

Good Elite Holdings Limited	2101 Beneficial owner
Cypress Spurge Holdings Limited	2101 Beneficial owner
Cheng Wan Wai	2201 Interest of corporation controlled by you
Hui Li Kwan	2202 Interest of your spouse
Wong Lai Ying	2202 Interest of your spouse
Yeung Keng Wu Kenneth	2201 Interest of corporation controlled by you
Liu Shuk Yu Sanny	2201 Interest of corporation controlled by you

Q P Group Holdings (HKSE:01412) Headlines

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