Best Linking Group Holdings (HKSE:09882) Inventory Turnover : 1.33 (As of Jun. 2023)

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What is Best Linking 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. Best Linking Group Holdings's Cost of Goods Sold for the three months ended in Jun. 2023 was HK$28.0 Mil. Best Linking Group Holdings's Average Total Inventories for the quarter that ended in Jun. 2023 was HK$21.1 Mil. Best Linking Group Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Best Linking Group Holdings's Days Inventory for the three months ended in Jun. 2023 was 68.58.

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. Best Linking Group Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.45.

Best Linking Group Holdings Inventory Turnover Historical Data

The historical data trend for Best Linking 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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Best Linking Group Holdings Inventory Turnover Chart

Best Linking Group Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.42

1.84

3.14

3.02

3.79

Best Linking Group Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.82	0.73	0.85	1.33	-

Best Linking Group Holdings Inventory Turnover Calculation

Best Linking 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 )
=	82.99	/ (	(20.634	+	23.125)	/	2 )
=	82.99	/	21.8795
=	3.79

Best Linking Group Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	28.033	/ (	(0	+	21.068)	/	1 )
=	28.033	/	21.068
=	1.33

Best Linking Group Holdings (HKSE:09882) 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.

Best Linking Group Holdings's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	21.068	/	28.033	*	365 / 4
	=	68.58

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.

Best Linking Group Holdings's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	21.068	/	46.852
	=	0.45

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.

Best Linking Group Holdings Inventory Turnover Related Terms

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Best Linking Group Holdings (HKSE:09882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Best Linking Group Holdings Ltd (HKSE:09882) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Gongye 2nd Cross Road, Tutang 2nd Industrial Zone, Changping, Guangdong, Dongguan, CHN

Website

https://www.blg.hk

Best Linking Group Holdings Ltd is a slewing ring manufacturer in China. These slewing rings have applications in the areas of construction machinery and equipment, wind turbines, military equipment, and robotics. Geographically, it derives a majority of its revenue from Singapore and also has a presence in Malaysia, Hong Kong, Japan, United States, China, Taiwan, Canada, Northern Island, Thailand, and other countries.

Executives

C Centrum Holdings Limited	2101 Beneficial owner
Chan Yuk Pan	2201 Interest of corporation controlled by you
Leung Tak Yee	2202 Interest of your spouse

Best Linking Group Holdings (HKSE:09882) Headlines

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