Hock Lian Seng Holdings (SGX:J2T) Inventory Turnover : 1.06 (As of Dec. 2023)

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What is Hock Lian Seng 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. Hock Lian Seng Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was S$79.4 Mil. Hock Lian Seng Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was S$74.7 Mil. Hock Lian Seng Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hock Lian Seng Holdings's Days Inventory for the six months ended in Dec. 2023 was 171.81.

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. Hock Lian Seng Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.78.

Hock Lian Seng Holdings Inventory Turnover Historical Data

The historical data trend for Hock Lian Seng 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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Hock Lian Seng Holdings Inventory Turnover Chart

Hock Lian Seng Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.68

0.54

1.56

1.42

2.20

Hock Lian Seng 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															0.85	0.54	0.88	1.17	1.06

Hock Lian Seng Holdings Inventory Turnover Calculation

Hock Lian Seng 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 )
=	178.767	/ (	(91.709	+	70.997)	/	2 )
=	178.767	/	81.353
=	2.20

Hock Lian Seng 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 )
=	79.377	/ (	(78.456	+	70.997)	/	2 )
=	79.377	/	74.7265
=	1.06

Hock Lian Seng Holdings (SGX:J2T) 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.

Hock Lian Seng 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
	=	74.7265	/	79.377	*	365 / 2
	=	171.81

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.

Hock Lian Seng 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 )
	=	74.7265	/	95.79
	=	0.78

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.

Hock Lian Seng Holdings Inventory Turnover Related Terms

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Hock Lian Seng Holdings (SGX:J2T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hock Lian Seng Holdings Ltd (SGX:J2T) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

80 Marine Parade Road, No. 16-08 Parkway Parade, Singapore, SGP, 449269

Website

https://www.hlsgroup.com.sg

Hock Lian Seng Holdings Ltd is a Singapore-based civil engineering group. It is engaged in undertaking a wide range of civil engineering projects for both the public and private sectors in Singapore. The firm's customers include government and government-related bodies of Singapore, such as the land transport authority, housing development board, PSA Singapore terminals, public utility board, and civil aviation authority. It is also engaged in property development and property investment businesses. The operating segments of the group are Civil engineering, Property development, and Properties investment, of which the majority of its revenue comes from the Civil engineering segment. The group services all of its revenue from Singapore.

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