Natural Food International Holding (HKSE:01837) Inventory Turnover : 4.41 (As of Dec. 2023)

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What is Natural Food International Holding 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. Natural Food International Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$381 Mil. Natural Food International Holding's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$86 Mil. Natural Food International Holding's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Natural Food International Holding's Days Inventory for the six months ended in Dec. 2023 was 41.36.

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. Natural Food International Holding's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.08.

Natural Food International Holding Inventory Turnover Historical Data

The historical data trend for Natural Food International Holding'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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Natural Food International Holding Inventory Turnover Chart

Natural Food International Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.89

4.34

5.54

7.26

7.50

Natural Food International Holding Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial											3.62	3.79	4.11	4.26	4.41

Natural Food International Holding Inventory Turnover Calculation

Natural Food International Holding'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 )
=	726.041	/ (	(91.42	+	102.241)	/	2 )
=	726.041	/	96.8305
=	7.50

Natural Food International Holding'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 )
=	381.107	/ (	(70.492	+	102.241)	/	2 )
=	381.107	/	86.3665
=	4.41

Natural Food International Holding (HKSE:01837) 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.

Natural Food International Holding'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
	=	86.3665	/	381.107	*	365 / 2
	=	41.36

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.

Natural Food International Holding'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 )
	=	86.3665	/	1062.521
	=	0.08

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.

Natural Food International Holding Inventory Turnover Related Terms

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Natural Food International Holding (HKSE:01837) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Natural Food International Holding Ltd (HKSE:01837) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Yuehei Street, No. 8 Haitian 1st Road, 7th Floor, West Tower, Baidu International Building, Binhai Community, Nanshan District, Shenzhen, CHN

Website

http://www.szwgmf.com

Natural Food International Holding Ltd is a natural health food company. Along with its subsidiaries, the company is engaged in processing and selling natural health food in the People's Republic of China. The group sells its products through an extensive network of offline concessionary counters as well as online channels, including e-commerce platforms and self-operated WeChat member stores, of which the majority of revenue is derived through sales made by offline channels. Geographically, the company generates a majority of its revenue from the People's Republic of China.

Executives

Gui Changqing
Zhang Zejun
Yang Zhuoya	2201 Interest of corporation controlled by you
Pepsico, Inc.	2101 Beneficial owner
Beadvance Investments Limited	2101 Beneficial owner
Paddy Aroma Investment Limited
Trident Trust Company (hk) Limited	2301 Trustee
Tian Ran Zi Ben Kong Gu You Xian Gong Si

Natural Food International Holding (HKSE:01837) Headlines

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