Royal International (HSTC:RIC) Inventory Turnover

: 1.79 (As of Mar. 2022)

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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. Royal International's Cost of Goods Sold for the three months ended in Mar. 2022 was ₫25,239 Mil. Royal International's Average Total Inventories for the quarter that ended in Mar. 2022 was ₫14,084 Mil. Royal International's Inventory Turnover for the quarter that ended in Mar. 2022 was 1.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Royal International's Days Inventory for the three months ended in Mar. 2022 was 50.92.

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. Royal International's Inventory-to-Revenue for the quarter that ended in Mar. 2022 was 1.60.

Royal International Inventory Turnover Historical Data

The historical data trend for Royal International'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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Royal International Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

24.46

15.61

13.23

9.69

11.08

Royal International Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Inventory Turnover																2.01	1.86	1.69	1.59	1.79

Royal International Inventory Turnover Calculation

Royal International's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	121930.418	/ (	(14525.132	+	7482.18)	/	2 )
=	121930.418	/	11003.656
=	11.08

Royal International's Inventory Turnover for the quarter that ended in Mar. 2022 is calculated as

	Inventory Turnover (Q: Mar. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2022 )	/ (	(Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Mar. 2022 ))	/	count )
=	25239.118	/ (	(7482.18	+	20685.924)	/	2 )
=	25239.118	/	14084.052
=	1.79

Royal International (HSTC:RIC) 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.

Royal International's Days Inventory for the three months ended in Mar. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2022 )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
	=	14084.052	/	25239.118	*	365 / 4
	=	50.92

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.

Royal International's Inventory to Revenue for the quarter that ended in Mar. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2022 )	/	Revenue (Q: Mar. 2022 )
	=	14084.052	/	8810.44
	=	1.60

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.

Royal International Inventory Turnover Related Terms

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Royal International (HSTC:RIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Royal International Corp (HSTC:RIC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ha Long Street, Bai Chay Ward, Quang Ninh Province, Ha Long City, VNM

Website

http://www.royalhalong.com

Royal International Corp is a Vietnam based engaged in building and operating a 5-star hotel, a place for amusement, an international gaming club and provide other entertainment services. The organization provides accommodation services, food services, recreational services and casino services.

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