Cirtek Holdings (HKSE:01433) Change In Inventory : HK$-5.1 Mil (TTM As of Dec. 2023)

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What is Cirtek Holdings Change In Inventory?

Cirtek Holdings's change in inventory for the quarter that ended in Dec. 2023 was HK$2.2 Mil. It means Cirtek Holdings's inventory declined by HK$2.2 Mil from Jun. 2023 to Dec. 2023 .

Cirtek Holdings's change in inventory for the fiscal year that ended in Dec. 2023 was HK$-5.1 Mil. It means Cirtek Holdings's inventory increased by HK$5.1 Mil from Dec. 2022 to Dec. 2023 .

Cirtek Holdings's Total Inventories for the quarter that ended in Dec. 2023 was HK$70.2 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cirtek Holdings's Days Inventory for the quarter that ended in Dec. 2023 was 116.45.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cirtek Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.57.

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. Cirtek Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.34.

Cirtek Holdings Change In Inventory Historical Data

The historical data trend for Cirtek 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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Cirtek Holdings Change In Inventory Chart

Cirtek Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-3.41

-8.09

-13.85

-9.39

-5.14

Cirtek Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial								-8.11	3.75	-13.14	-7.33	2.20

Cirtek 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$-5.1 Mil.

Cirtek Holdings (HKSE:01433) Change In Inventory Explanation

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

Cirtek 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
	=	71.739	/	112.428	*	365 / 2
	=	116.45

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

Cirtek Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	112.428	/	71.739
	=	1.57

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.

Cirtek Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	71.739	/	212.055
	=	0.34

Cirtek Holdings Change In Inventory Related Terms

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Cirtek Holdings (HKSE:01433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cirtek Holdings Ltd (HKSE:01433) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Cheung Yue Street, 1st Floor, Wing Ming Industrial Centre, Lai Chi Kok, Kowloon, Hong Kong, HKG

Website

http://www.cirtek.com

Cirtek Holdings Ltd is engaged in manufacturing and sale of apparel products, such as hang tags, woven labels, printed labels and heat transfer products. It generates revenue from Hong Kong, Mainland China, Bangladesh, Vietnam, U.S and Other countries.

Executives

Charming International Limited	2101 Beneficial owner
Chan Sing Ming Barry	2201 Interest of corporation controlled by you
Law Miu Lan	2201 Interest of corporation controlled by you

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