Elate Holdings (HKSE:00076) Inventory Turnover

: 0.14 (As of Jun. 2023)

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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. Elate Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$363.1 Mil. Elate Holdings's Average Total Inventories for the quarter that ended in Jun. 2023 was HK$2,624.6 Mil. Elate Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Elate Holdings's Days Inventory for the six months ended in Jun. 2023 was 1,319.24.

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. Elate Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 6.57.

Elate Holdings Inventory Turnover Historical Data

The historical data trend for Elate 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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Elate Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

0.27

0.25

0.26

0.27

0.29

Elate 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																0.13	0.13	0.14	0.14	0.15

Elate Holdings Inventory Turnover Calculation

Elate Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	679.229	/ (	(2475.34	+	2585.025)	/	2 )
=	679.229	/	2530.1825
=	0.27

Elate 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: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	363.083	/ (	(2585.025	+	2664.238)	/	2 )
=	363.083	/	2624.6315
=	0.14

Elate Holdings (HKSE:00076) 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.

Elate Holdings's Days Inventory for the six 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
	=	2624.6315	/	363.083	*	365 / 2
	=	1,319.24

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.

Elate 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 )
	=	2624.6315	/	399.773
	=	6.57

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.

Elate Holdings Inventory Turnover Related Terms

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Elate Holdings (HKSE:00076) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Elate Holdings Ltd (HKSE:00076) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

13-14 Connaught Road Central and 21-23 Des Voeux Road Central, Unit 1002, 10th Floor, Euro Trade Centre, Hong Kong, HKG

Website

https://www.elate.hk

Elate Holdings Ltd is an investment holding company. The company's operating segments include the Manufacture and sales of graphite products; Manufacture and sales of electronic products; and design and manufacturing in the United Kingdom. It derives the majority of its revenue from the Manufacture and sales of electronic products that is engaged in the business of manufacture and sales of electronic products within the United Kingdom.

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