Yuxing InfoTech Investment Holdings (HKSE:08005) Inventory Turnover : 2.72 (As of Dec. 2023)

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What is Yuxing InfoTech Investment 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. Yuxing InfoTech Investment Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$88.9 Mil. Yuxing InfoTech Investment Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$32.7 Mil. Yuxing InfoTech Investment Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yuxing InfoTech Investment Holdings's Days Inventory for the three months ended in Dec. 2023 was 33.51.

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. Yuxing InfoTech Investment Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.29.

Yuxing InfoTech Investment Holdings Inventory Turnover Historical Data

The historical data trend for Yuxing InfoTech Investment 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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Yuxing InfoTech Investment Holdings Inventory Turnover Chart

Yuxing InfoTech Investment Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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34.75

34.25

10.34

12.08

5.61

Yuxing InfoTech Investment Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															4.93	0.61	0.77	1.43	2.72

Yuxing InfoTech Investment Holdings Inventory Turnover Calculation

Yuxing InfoTech Investment 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 )
=	138.912	/ (	(16.897	+	32.656)	/	2 )
=	138.912	/	24.7765
=	5.61

Yuxing InfoTech Investment 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	88.924	/ (	(0	+	32.656)	/	1 )
=	88.924	/	32.656
=	2.72

Yuxing InfoTech Investment Holdings (HKSE:08005) 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.

Yuxing InfoTech Investment Holdings's Days Inventory for the three 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
	=	32.656	/	88.924	*	365 / 4
	=	33.51

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.

Yuxing InfoTech Investment 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 )
	=	32.656	/	113.957
	=	0.29

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.

Yuxing InfoTech Investment Holdings Inventory Turnover Related Terms

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Yuxing InfoTech Investment Holdings (HKSE:08005) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Yuxing InfoTech Investment Holdings Ltd (HKSE:08005) » Definitions » Inventory Turnover

Traded in Other Exchanges

YXGC:Germany

Address

No. 3609 Baishi Road, Unit 3310, Block A1, Building 9, Shenzhenwan Science and Technology Ecological Garden, District 2, Nanshan District, Shenzhen, CHN

Website

http://www.yuxing.com.cn

Yuxing InfoTech Investment Holdings Ltd is a China-based conglomerate that is mainly involved in the information home appliances business, investing, and trading. It operates in five segments. Information Home Appliances segment which derives majority revenue involves in the manufacture, sales, and distribution of information home appliances and complementary products to consumer markets. The Investing segment includes trading of securities and investing in financial instruments. The Leasing segment comprises leasing out of properties. The IDC segment consists of construction, operation, and leasing out of properties. The Other Operations segment refers to the trading of miscellaneous materials. It has a business presence mainly in Australia, the People's Republic of China, and Hong Kong.

Executives

Geely Group Limited	2201 Interest of corporation controlled by you
Li Shu Fu	2201 Interest of corporation controlled by you
Cong Yu	2201 Interest of corporation controlled by you
Cong Yu Company Limited	2201 Interest of corporation controlled by you
Foo Yatyan	2101 Beneficial owner
Honbridge Holdings Limited	2101 Beneficial owner
Hong Bridge Capital Limited	2101 Beneficial owner
He Xuechu	2101 Beneficial owner
Cedar Surplus Investments Limited	2201 Interest of corporation controlled by you
Unicorn Resources Inc.	2101 Beneficial owner
Zhu Weisha	2201 Interest of corporation controlled by you

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