HK Electric Investments and HK Electric Investments (HKSE:02638) Inventory Turnover : 2.59 (As of Dec. 2023)

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What is HK Electric Investments and HK Electric Investments 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. HK Electric Investments and HK Electric Investments's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$2,879 Mil. HK Electric Investments and HK Electric Investments's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1,110 Mil. HK Electric Investments and HK Electric Investments's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HK Electric Investments and HK Electric Investments's Days Inventory for the six months ended in Dec. 2023 was 70.33.

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. HK Electric Investments and HK Electric Investments's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.18.

HK Electric Investments and HK Electric Investments Inventory Turnover Historical Data

The historical data trend for HK Electric Investments and HK Electric Investments'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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HK Electric Investments and HK Electric Investments Inventory Turnover Chart

HK Electric Investments and HK Electric Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.07

6.90

6.74

4.57

4.40

HK Electric Investments and HK Electric Investments 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															3.52	1.90	1.75	1.88	2.59

HK Electric Investments and HK Electric Investments Inventory Turnover Calculation

HK Electric Investments and HK Electric Investments'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 )
=	5384	/ (	(1446	+	1003)	/	2 )
=	5384	/	1224.5
=	4.40

HK Electric Investments and HK Electric Investments'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 )
=	2879	/ (	(1216	+	1003)	/	2 )
=	2879	/	1109.5
=	2.59

HK Electric Investments and HK Electric Investments (HKSE:02638) 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.

HK Electric Investments and HK Electric Investments'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
	=	1109.5	/	2879	*	365 / 2
	=	70.33

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.

HK Electric Investments and HK Electric Investments'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 )
	=	1109.5	/	6177
	=	0.18

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.

HK Electric Investments and HK Electric Investments Inventory Turnover Related Terms

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HK Electric Investments and HK Electric Investments (HKSE:02638) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » HK Electric Investments and HK Electric Investments Ltd (HKSE:02638) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

HKVTY:USA HKCVF:USA HKT:Germany

Address

44 Kennedy Road, Hong Kong Electric Centre, Hong Kong, HKG

Website

https://www.hkelectric.com

HK ELECTRIC INVESTMENTS LIMITED is a fixed single investment trust in Hong Kong with a focus on the power industry. The Company is a vertically integrated power utility and its operations comprise the generation, transmission, distribution and supply of electricity to Hong Kong Island and Lamma Island. Its principal operating subsidiary is The Hongkong Electric Company, Limited (HEC). HEC's sole power generation facility is the Lamma Power Station which has an aggregate installed capacity of approximately 3,700 megawatt (MW). The Company provides electricity to approximately 568,000 registered customers on Hong Kong Island and Lamma Island.

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