Vedan International (Holdings) (HKSE:02317) Inventory Turnover : 1.13 (As of Dec. 2023)

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What is Vedan International (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. Vedan International (Holdings)'s Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,283 Mil. Vedan International (Holdings)'s Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1,131 Mil. Vedan International (Holdings)'s Inventory Turnover for the quarter that ended in Dec. 2023 was 1.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vedan International (Holdings)'s Days Inventory for the six months ended in Dec. 2023 was 160.87.

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. Vedan International (Holdings)'s Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.73.

Vedan International (Holdings) Inventory Turnover Historical Data

The historical data trend for Vedan International (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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Vedan International (Holdings) Inventory Turnover Chart

Vedan International (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.11

3.06

3.34

3.36

2.38

Vedan International (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															1.51	1.79	1.52	1.14	1.13

Vedan International (Holdings) Inventory Turnover Calculation

Vedan International (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 )
=	2583.021	/ (	(1094.059	+	1075.253)	/	2 )
=	2583.021	/	1084.656
=	2.38

Vedan International (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 )
=	1283.057	/ (	(1186.746	+	1075.253)	/	2 )
=	1283.057	/	1130.9995
=	1.13

Vedan International (Holdings) (HKSE:02317) 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.

Vedan International (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
	=	1130.9995	/	1283.057	*	365 / 2
	=	160.87

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.

Vedan International (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 )
	=	1130.9995	/	1540.577
	=	0.73

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.

Vedan International (Holdings) Inventory Turnover Related Terms

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Vedan International (Holdings) (HKSE:02317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vedan International (Holdings) Ltd (HKSE:02317) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

National Road 51, Hamlet 1A, Long Thanh District, Phuoc Thai, Dong Nai Province, Ho Chi Minh, VNM

Website

http://www.vedaninternational.com

Vedan International (Holdings) Ltd is an investment holding company engaged in the manufacture and sale of fermentation-based food additives, biochemical products and cassava starch-based industrial products including modified starch, glucose syrup, Monosodium Glutamate (MSG), soda and glutamic acid (GA). The products are sold to food distributors, international trading companies, and manufacturers of food, paper, textiles, and chemical products in Vietnam, other ASEAN member countries, the People's Republic of China (the PRC), Japan, Taiwan, and several European countries.

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