Sincere Watch (Hong Kong) (HKSE:00444) Change In Inventory : HK$0.0 Mil (TTM As of Sep. 2023)

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What is Sincere Watch (Hong Kong) Change In Inventory?

Sincere Watch (Hong Kong)'s change in inventory for the quarter that ended in Sep. 2023 was HK$0.0 Mil. It means Sincere Watch (Hong Kong)'s inventory stayed the same from Mar. 2023 to Sep. 2023 .

Sincere Watch (Hong Kong)'s change in inventory for the fiscal year that ended in Mar. 2023 was HK$59.8 Mil. It means Sincere Watch (Hong Kong)'s inventory declined by HK$59.8 Mil from Mar. 2022 to Mar. 2023 .

Sincere Watch (Hong Kong)'s Total Inventories for the quarter that ended in Sep. 2023 was HK$109.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sincere Watch (Hong Kong)'s Days Inventory for the quarter that ended in Sep. 2023 was 343.45.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sincere Watch (Hong Kong)'s Inventory Turnover for the quarter that ended in Sep. 2023 was 0.53.

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. Sincere Watch (Hong Kong)'s Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.59.

Sincere Watch (Hong Kong) Change In Inventory Historical Data

The historical data trend for Sincere Watch (Hong Kong)'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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Sincere Watch (Hong Kong) Change In Inventory Chart

Sincere Watch (Hong Kong) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Inventory

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-75.26

51.22

38.86

23.95

59.77

Sincere Watch (Hong Kong) Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Sincere Watch (Hong Kong) 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$0.0 Mil.

Sincere Watch (Hong Kong) (HKSE:00444) Change In Inventory Explanation

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

Sincere Watch (Hong Kong)'s Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	143.552	/	76.28	*	365 / 2
	=	343.45

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

Sincere Watch (Hong Kong)'s Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	76.28	/	143.552
	=	0.53

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.

Sincere Watch (Hong Kong)'s Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	143.552	/	90.092
	=	1.59

Sincere Watch (Hong Kong) Change In Inventory Related Terms

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Sincere Watch (Hong Kong) (HKSE:00444) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sincere Watch (Hong Kong) Ltd (HKSE:00444) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

20/F China Merchants Tower, Shun Tak Centre, Unit 2016–2018, 168–200 Connaught Road Central, Hong Kong, HKG

Website

http://www.sincerewatch.com.hk

Sincere Watch (Hong Kong) Ltd sells luxury third-party-branded watches, timepieces, and accessories in Asia. The majority of its sales are in Mainland China and Macau, with the remaining sales in Hong Kong. Brands that Sincere sells include Franck Muller, CVSTOS, Pierre Kunz, European Company Watch, and Backes & Strauss. The company sells merchandise through retail outlets operated by independent watch dealers and through its company-operated boutiques. Sincere also has a dining business that accounts for a small amount of total revenue.

Executives

Allied Group Limited	2201 Interest of corporation controlled by you
Shipshape Investments Limited	2201 Interest of corporation controlled by you
Sun Hung Kai & Co. Limited	2201 Interest of corporation controlled by you
Sun Hung Kai Structured Finance Limited	2106 Person having a security interest in shares
Lee Seng Huang	2201 Interest of corporation controlled by you
Lee Su Hwei	2201 Interest of corporation controlled by you
Be Bright Limited	2101 Beneficial owner
Chu Yuet Wah
Allied Properties (h.k.) Limited	2201 Interest of corporation controlled by you
Asia Gate Holdings Co., Ltd.	2201 Interest of corporation controlled by you
Sky League Limited	2101 Beneficial owner
Wang Fang	2201 Interest of corporation controlled by you
Allied Crown Investment Limited	2101 Beneficial owner
Bai Ning	2201 Interest of corporation controlled by you
Brilliant World Limited	2101 Beneficial owner

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