Palinda Group Holdings (HKSE:08179) Inventory Turnover : 0.19 (As of Dec. 2023)

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What is Palinda 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. Palinda Group Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$74.8 Mil. Palinda Group Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$393.9 Mil. Palinda Group Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Palinda Group Holdings's Days Inventory for the three months ended in Dec. 2023 was 480.39.

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. Palinda Group Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 6.49.

Palinda Group Holdings Inventory Turnover Historical Data

The historical data trend for Palinda 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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Palinda Group Holdings Inventory Turnover Chart

Palinda Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.47

0.34

0.36

0.63

0.81

Palinda Group 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															0.10	0.25	0.36	0.12	0.19

Palinda Group Holdings Inventory Turnover Calculation

Palinda 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 )
=	311.992	/ (	(374.997	+	393.903)	/	2 )
=	311.992	/	384.45
=	0.81

Palinda 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	74.822	/ (	(0	+	393.903)	/	1 )
=	74.822	/	393.903
=	0.19

Palinda Group Holdings (HKSE:08179) 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.

Palinda Group 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
	=	393.903	/	74.822	*	365 / 4
	=	480.39

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.

Palinda 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 )
	=	393.903	/	60.705
	=	6.49

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.

Palinda Group Holdings Inventory Turnover Related Terms

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Palinda Group Holdings (HKSE:08179) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Palinda Group Holdings Ltd (HKSE:08179) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

1 Hok Cheung Street, Unit 306-A201, 3 Floor, Harbour Centre, Tower 1, Hunghom, Kowloon, Hong Kong, HKG

Website

https://www.palinda.com

Palinda Group Holdings Ltd is engaged in diversified business. It is involved in wine trading, production, sales, and distribution of food products, investment in securities, and money lending business and Catering services. The Group?s revenue is generated from the production, sales, and distribution of food products such as barbequed food and Taiwanese Lou Mei to local supermarket chains in Hong Kong.

Executives

Huang Wei	2101 Beneficial owner
Yuen Wai Ching Loretta	2101 Beneficial owner

Palinda Group Holdings (HKSE:08179) Headlines

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