Tang Palace (China) Holdings (HKSE:01181) Change In Inventory : HK$13 Mil (TTM As of Dec. 2023)

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What is Tang Palace (China) Holdings Change In Inventory?

Tang Palace (China) Holdings's change in inventory for the quarter that ended in Dec. 2023 was HK$2 Mil. It means Tang Palace (China) Holdings's inventory declined by HK$2 Mil from Jun. 2023 to Dec. 2023 .

Tang Palace (China) Holdings's change in inventory for the fiscal year that ended in Dec. 2023 was HK$13 Mil. It means Tang Palace (China) Holdings's inventory declined by HK$13 Mil from Dec. 2022 to Dec. 2023 .

Tang Palace (China) Holdings's Total Inventories for the quarter that ended in Dec. 2023 was HK$30 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tang Palace (China) Holdings's Days Inventory for the quarter that ended in Dec. 2023 was 12.03.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tang Palace (China) Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 15.16.

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. Tang Palace (China) Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Tang Palace (China) Holdings Change In Inventory Historical Data

The historical data trend for Tang Palace (China) 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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Tang Palace (China) Holdings Change In Inventory Chart

Tang Palace (China) Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-4.75

3.00

-3.98

14.22

13.41

Tang Palace (China) Holdings Semi-Annual Data
	Jun14	Dec14	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															-7.10	12.78	2.04	10.96	2.46

Tang Palace (China) 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$13 Mil.

Tang Palace (China) Holdings (HKSE:01181) Change In Inventory Explanation

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

Tang Palace (China) 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
	=	30.8365	/	467.613	*	365 / 2
	=	12.03

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

Tang Palace (China) Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	467.613	/	30.8365
	=	15.16

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.

Tang Palace (China) Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	30.8365	/	584.741
	=	0.05

Tang Palace (China) Holdings Change In Inventory Related Terms

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Tang Palace (China) Holdings (HKSE:01181) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tang Palace (China) Holdings Ltd (HKSE:01181) » Definitions » Change In Inventory

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TNGPF:USA

Address

No. 1 Science Museum Road, Unit 3, 10th Floor, Greenfield Tower, Concordia Plaza, Kowloon, HKG

Website

https://www.tanggong.cn

Tang Palace (China) Holdings Ltd is an investment holding company engaged in restaurant operations and food production. The primary production of the group is located in the People's Republic of China. It offers new dishes, seasonal foods, festive celebrations, basic sauce, food ingredient, and casual dining of different regional cuisines. The company has four operating segments - the Southern China region, the Eastern China region, the Northern China region, and the Western China region. Majority of its revenue is generated from the Eastern China segment. The company operates restaurants under the Soup Delice, Tang Palace, Tang's Cuisine, Tang Palace Seafood Restaurant, Canton Tea Room, Social Place, Pepper Lunch, and PappaRich, brands.

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