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Luxking Group Holdings (SGX:BKK) Inventory Turnover : 2.87 (As of Dec. 2023)


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What is Luxking 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. Luxking Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was S$45.03 Mil. Luxking Group Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was S$15.69 Mil. Luxking Group Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Luxking Group Holdings's Days Inventory for the six months ended in Dec. 2023 was 63.60.

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. Luxking Group Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.29.

Luxking Group Holdings Inventory Turnover Historical Data

The historical data trend for Luxking 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.

* Premium members only.

Luxking Group Holdings Inventory Turnover Chart

Luxking Group Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.02 6.44 6.73 5.98 4.82

Luxking Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.51 2.71 2.56 2.32 2.87

Luxking Group Holdings Inventory Turnover Calculation

Luxking Group Holdings's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Inventory Turnover (A: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Jun. 2023 ) / ((Total Inventories (A: Jun. 2022 ) + Total Inventories (A: Jun. 2023 )) / count )
=81.909 / ((18.188 + 15.832) / 2 )
=81.909 / 17.01
=4.82

Luxking 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: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=45.027 / ((15.832 + 15.55) / 2 )
=45.027 / 15.691
=2.87

* 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.

Luxking Group Holdings  (SGX:BKK) 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.

Luxking Group 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
=15.691/45.027*365 / 2
=63.60

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.

Luxking 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 )
=15.691 / 54.227
=0.29

* 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.

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.

Luxking Group Holdings Inventory Turnover Related Terms

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Luxking Group Holdings (SGX:BKK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Luxking Group Holdings Ltd (SGX:BKK) » Definitions » Inventory Turnover
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SGX:M15 LIN XPAR:AI SHW ECL APD XSWX:SIKA XSWX:GIVN SHSE:600309 PPG LYB BOM:500820 DD ISX:TPIA OCSE:NSIS B IFF ADX:BOROUGE WLK NSE:PIDILITIND XSWX:EMSN
Traded in Other Exchanges
N/A
Address
Lianfeng Road, Jiu Zhouji, Xiaolan Town, Guangdong Province, Zhongshan, CHN, 528415
Website
http://www.newasiatapes.com
Luxking Group Holdings Ltd is an investment holding company. The company's operating segment includes Manufacture of General Tapes; Manufacture of Industrial Tapes; Manufacture of biaxially oriented polypropylene (BOPP) films and Trading of tapes and BOPP films. It generates maximum revenue from the Manufacture of biaxially oriented polypropylene (BOPP) films segment. The Manufacture of BOPP films segment manufacture and distributes BOPP films for packaging in industries, such as food, pharmaceutical, medical and electrical industries. Geographically, it derives a majority of revenue from the PRC and also has a presence in Hong Kong and Other countries.