Pangaea Connectivity Technology (HKSE:01473) Inventory Turnover : 2.05 (As of Sep. 2023)

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What is Pangaea Connectivity Technology 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. Pangaea Connectivity Technology's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$546 Mil. Pangaea Connectivity Technology's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$267 Mil. Pangaea Connectivity Technology's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pangaea Connectivity Technology's Days Inventory for the six months ended in Sep. 2023 was 89.12.

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. Pangaea Connectivity Technology's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.44.

Pangaea Connectivity Technology Inventory Turnover Historical Data

The historical data trend for Pangaea Connectivity Technology'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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Pangaea Connectivity Technology Inventory Turnover Chart

Pangaea Connectivity Technology Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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5.81

5.96

7.18

3.98

3.64

Pangaea Connectivity Technology Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial					2.12	1.57	1.77	1.42	2.05

Pangaea Connectivity Technology Inventory Turnover Calculation

Pangaea Connectivity Technology's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	1069.635	/ (	(300.414	+	287.571)	/	2 )
=	1069.635	/	293.9925
=	3.64

Pangaea Connectivity Technology's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	545.815	/ (	(287.571	+	245.497)	/	2 )
=	545.815	/	266.534
=	2.05

Pangaea Connectivity Technology (HKSE:01473) 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.

Pangaea Connectivity Technology's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	266.534	/	545.815	*	365 / 2
	=	89.12

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.

Pangaea Connectivity Technology's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	266.534	/	600.249
	=	0.44

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.

Pangaea Connectivity Technology Inventory Turnover Related Terms

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Pangaea Connectivity Technology (HKSE:01473) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Pangaea Connectivity Technology Ltd (HKSE:01473) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

181 Johnston Road, Rooms 902-6, 9th Floor, Tai Yau Building, Wanchai, Hong Kong, HKG

Website

http://www.pangaea.com.hk

Pangaea Connectivity Technology Ltd is involved in the telecom and datacom connectivity industry. It offers connectivity products covering wireless microwave networks, optical networks from access to metro to regional and long haul, and data center and commercial networks for cellular, fixed, personal and private usage. The company is principally engaged in import and export of connectivity products which are used in telecom and datacom connectivity industry. The company also offers a broad portfolio of WiFi and IoT products.

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