Swire Pacific (Swire Pacific) Inventory Turnover : 1.80 (As of Dec. 2023)

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What is Swire Pacific 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. Swire Pacific's Cost of Goods Sold for the six months ended in Dec. 2023 was $3,500 Mil. Swire Pacific's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,940 Mil. Swire Pacific's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Swire Pacific's Days Inventory for the six months ended in Dec. 2023 was 101.14.

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. Swire Pacific's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.35.

Swire Pacific Inventory Turnover Historical Data

The historical data trend for Swire Pacific'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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Swire Pacific Inventory Turnover Chart

Swire Pacific Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.80

5.40

5.38

4.08

3.75

Swire Pacific 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															2.88	2.23	2.11	2.12	1.80

Swire Pacific Inventory Turnover Calculation

Swire Pacific'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 )
=	7640.913	/ (	(2038.688	+	2031.806)	/	2 )
=	7640.913	/	2035.247
=	3.75

Swire Pacific'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 )
=	3500.474	/ (	(1847.951	+	2031.806)	/	2 )
=	3500.474	/	1939.8785
=	1.80

Swire Pacific (OTCPK:SWRAF) 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.

Swire Pacific'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
	=	1939.8785	/	3500.474	*	365 / 2
	=	101.14

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.

Swire Pacific'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 )
	=	1939.8785	/	5541.627
	=	0.35

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.

Swire Pacific Inventory Turnover Related Terms

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Swire Pacific (Swire Pacific) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Swire Pacific Ltd (OTCPK:SWRAF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

SWRBY:USA SWRBF:USA SWRAY:USA 00087:Hong Kong 00019:Hong Kong SWI1:Germany

Address

88 Queensway, GPO Box 1, 33rd Floor, One Pacific Place, Hong Kong, HKG

Website

https://www.swirepacific.com

Swire Pacific is a Hong Kong-based conglomerate with interests in property, aviation, beverage, trading, and industrials. The property division, an 82% stake in Swire Properties, contributes more than half of the group's operating profit. The beverage division is one of two Coca-Cola bottlers in mainland China and also a bottler in Hong Kong, Taiwan, Vietnam, and Cambodia. The aviation division consists of Haeco, an aircraft engineering company, and a 45% stake in Cathay Pacific. As of end June 2023, John Swire & Sons, the parent company, holds a 60% stake in Swire Pacific but has 68% of the voting rights through a dual-class share structure.

Swire Pacific (Swire Pacific) Headlines

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