Neway Group Holdings (HKSE:00055) Change In Inventory : HK$-113.8 Mil (TTM As of Jun. 2023)

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What is Neway Group Holdings Change In Inventory?

Neway Group Holdings's change in inventory for the quarter that ended in Jun. 2023 was HK$-31.4 Mil. It means Neway Group Holdings's inventory increased by HK$31.4 Mil from Dec. 2022 to Jun. 2023 .

Neway Group Holdings's change in inventory for the fiscal year that ended in Dec. 2022 was HK$-164.9 Mil. It means Neway Group Holdings's inventory increased by HK$164.9 Mil from Dec. 2021 to Dec. 2022 .

Neway Group Holdings's Total Inventories for the quarter that ended in Jun. 2023 was HK$377.5 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Neway Group Holdings's Days Inventory for the quarter that ended in Jun. 2023 was 378.42.

Inventory Turnover measures how fast the company turns over its inventory within a year. Neway Group Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.48.

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. Neway Group Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 2.00.

Neway Group Holdings Change In Inventory Historical Data

The historical data trend for Neway Group Holdings's Change In Inventory 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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Neway Group Holdings Change In Inventory Chart

Neway Group Holdings Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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6.83

-16.04

-54.73

-164.92

Neway Group Holdings Semi-Annual Data
	Mar14	Sep14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-19.58	-82.44	-82.48	-31.37	-

Neway Group Holdings Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-113.8 Mil.

Neway Group Holdings (HKSE:00055) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Neway Group Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	370.3675	/	178.617	*	365 / 2
	=	378.42

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Neway Group Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	178.617	/	370.3675
	=	0.48

3. 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.

Neway Group Holdings's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	370.3675	/	185.114
	=	2.00

Neway Group Holdings Change In Inventory Related Terms

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Neway Group Holdings (HKSE:00055) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Neway Group Holdings Ltd (HKSE:00055) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

193 Prince Edward Road West, Units Nos 1103 and 1105-1111, Level 11, Tower 2, Grand Century Place, Mongkok, Kowloon, Hong Kong, HKG

Website

https://www.newaygroup.com.hk

Neway Group Holdings Ltd is engaged in the businesses of Lending; Manufacturing and sales; Music and entertainment; Property development; Property investment; Securities trading; and Trading of printing and other products. It derives key revenue from the Manufacturing and sales business which involves the business of manufacturing and sales of printing products, such as packaging boxes, labels, paper products and paper shopping bags, with a customer base; and the manufacturing and sales of surgical masks, with a Hong Kong customer base. The group has a business presence in Hong Kong, the PRC, Europe, the United States and other countries.

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