Xtep International Holdings (Xtep International Holdings) Inventory Turnover : 2.18 (As of Dec. 2023)

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What is Xtep International 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. Xtep International Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $640 Mil. Xtep International Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $294 Mil. Xtep International Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xtep International Holdings's Days Inventory for the six months ended in Dec. 2023 was 83.73.

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. Xtep International Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.27.

Xtep International Holdings Inventory Turnover Historical Data

The historical data trend for Xtep International 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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Xtep International Holdings Inventory Turnover Chart

Xtep International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.88

5.10

4.77

3.89

4.01

Xtep International 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															2.65	1.70	1.85	1.57	2.18

Xtep International Holdings Inventory Turnover Calculation

Xtep International 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 )
=	1161.849	/ (	(328.069	+	251.222)	/	2 )
=	1161.849	/	289.6455
=	4.01

Xtep International 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 )
=	640.114	/ (	(336.143	+	251.222)	/	2 )
=	640.114	/	293.6825
=	2.18

Xtep International Holdings (OTCPK:XTEPY) 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.

Xtep International 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
	=	293.6825	/	640.114	*	365 / 2
	=	83.73

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.

Xtep International 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 )
	=	293.6825	/	1095.638
	=	0.27

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.

Xtep International Holdings Inventory Turnover Related Terms

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Xtep International Holdings (Xtep International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Xtep International Holdings Ltd (OTCPK:XTEPY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

01368:Hong Kong 4QI:Germany

Address

No. 89 Jiayi Road, Xiamen Xtep Tower, Guanyinshan Siming District, Fujian Province, Xiamen, CHN, 361008

Website

https://www.xtep.com.hk

Xtep International Holdings Ltd owns the Chinese sportswear brand XTEP. The company markets its brand as a stylish professional sports brand with a focus on running gear. Footwear accounts for more than half of the company's revenue. The remaining revenue comes from apparel sales. The company has thousands of XTEP retail stores in China that are primarily operated by the company's distributors or authorized retailers. It also sells online through its website and third-party e-commerce platforms. In addition to China, Xtep has distributors in the Middle East, Europe, and Southeast Asia.

Xtep International Holdings (Xtep International Holdings) Headlines

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