Values Cultural Investment (HKSE:01740) Inventory Turnover : 1.07 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Values Cultural Investment 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. Values Cultural Investment's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$111.97 Mil. Values Cultural Investment's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$105.13 Mil. Values Cultural Investment's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Values Cultural Investment's Days Inventory for the six months ended in Dec. 2023 was 171.35.

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. Values Cultural Investment's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.08.

Values Cultural Investment Inventory Turnover Historical Data

The historical data trend for Values Cultural Investment'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.

Values Cultural Investment Inventory Turnover Chart

Values Cultural Investment Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

0.99

0.55

0.45

0.36

1.18

Values Cultural Investment Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial									0.39	0.11	0.21	0.17	1.07

Values Cultural Investment Inventory Turnover Calculation

Values Cultural Investment'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 )
=	135.64	/ (	(150.827	+	79.203)	/	2 )
=	135.64	/	115.015
=	1.18

Values Cultural Investment'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 )
=	111.97	/ (	(131.059	+	79.203)	/	2 )
=	111.97	/	105.131
=	1.07

Values Cultural Investment (HKSE:01740) 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.

Values Cultural Investment'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
	=	105.131	/	111.97	*	365 / 2
	=	171.35

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.

Values Cultural Investment'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 )
	=	105.131	/	50.526
	=	2.08

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.

Values Cultural Investment Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Values Cultural Investment's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Values Cultural Investment (HKSE:01740) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Values Cultural Investment Ltd (HKSE:01740) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Hoi Shing Road, Room 16, 28th Floor, One Midtown, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.yuanshimedia.com

Values Cultural Investment Ltd is an investment holding company. It is engaged in licensing of broadcasting rights of TV series, investing in TV series and web series as a non-executive producer, and acting as a distribution agent of TV series. The company's customers include TV stations, companies that are engaged in the business of distribution of TV series, executive producers, and copyright owners of the TV series.

Values Cultural Investment (HKSE:01740) Headlines

No Headlines