Henderson Land Development Co (Henderson Land Development Co) Inventory Turnover : 0.12 (As of Dec. 2023)

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What is Henderson Land Development Co 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. Henderson Land Development Co's Cost of Goods Sold for the six months ended in Dec. 2023 was $1,517 Mil. Henderson Land Development Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $12,481 Mil. Henderson Land Development Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Henderson Land Development Co's Days Inventory for the six months ended in Dec. 2023 was 1,501.77.

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. Henderson Land Development Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 5.64.

Henderson Land Development Co Inventory Turnover Historical Data

The historical data trend for Henderson Land Development Co'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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Henderson Land Development Co Inventory Turnover Chart

Henderson Land Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.12

0.10

0.11

0.15

0.18

Henderson Land Development Co 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															0.07	0.05	0.10	0.06	0.12

Henderson Land Development Co Inventory Turnover Calculation

Henderson Land Development Co'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 )
=	2245.896	/ (	(12492.357	+	12057.159)	/	2 )
=	2245.896	/	12274.758
=	0.18

Henderson Land Development Co'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 )
=	1516.684	/ (	(12903.996	+	12057.159)	/	2 )
=	1516.684	/	12480.5775
=	0.12

Henderson Land Development Co (OTCPK:HLDVF) 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.

Henderson Land Development Co'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
	=	12480.5775	/	1516.684	*	365 / 2
	=	1,501.77

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.

Henderson Land Development Co'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 )
	=	12480.5775	/	2214.141
	=	5.64

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.

Henderson Land Development Co Inventory Turnover Related Terms

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Henderson Land Development Co (Henderson Land Development Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Henderson Land Development Co Ltd (OTCPK:HLDVF) » Definitions » Inventory Turnover

Traded in Other Exchanges

HLDCY:USA 00012:Hong Kong HLD:Germany

Address

8 Finance Street, 72nd -76th Floor, Two International Finance Centre, Central, Hong Kong, HKG

Website

https://www.hld.com

Henderson Land Development is a leading property developer in Hong Kong with a focus on urban redevelopment and farmland conversion. The company was founded in 1976, listed in 1981. Founder Lee Shau Kee is the controlling shareholder, and a series of disposals in December 2017 reduced his stake to below 72.8%. The share disposals were the first since 1993, lessening the possibility of a privatization. Lee stepped down in May 2019, succeeded by his two sons as joint chairmen and managing directors. Henderson Land also controls four listed entities directly, including a 33.4% stake in Hong Kong Ferry, a 69% stake in Henderson Investment, a 41.5% stake in Hong Kong and China Gas, and a 50.1% stake in Miramar Hotel & Investment.

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