Wah Sun Handbags International Holdings (HKSE:02683) Inventory-to-Revenue : 0.32 (As of Sep. 2023)

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What is Wah Sun Handbags International Holdings Inventory-to-Revenue?

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. Wah Sun Handbags International Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$106.7 Mil. Wah Sun Handbags International Holdings's Revenue for the six months ended in Sep. 2023 was HK$334.5 Mil. Wah Sun Handbags International Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.32.

Wah Sun Handbags International Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 declined from Mar. 2023 (0.65) to Mar. 2023 (0.32)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wah Sun Handbags International Holdings's Days Inventory for the six months ended in Sep. 2023 was 71.48.

Inventory Turnover measures how fast the company turns over its inventory within a year. Wah Sun Handbags International Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.55.

Wah Sun Handbags International Holdings Inventory-to-Revenue Historical Data

The historical data trend for Wah Sun Handbags International Holdings's Inventory-to-Revenue 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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Wah Sun Handbags International Holdings Inventory-to-Revenue Chart

Wah Sun Handbags International Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory-to-Revenue

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0.18

0.27

0.21

0.30

Wah Sun Handbags International Holdings Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory-to-Revenue	Get a 7-Day Free Trial											0.41	0.47	0.55	0.65	0.32

Competitive Comparison of Wah Sun Handbags International Holdings's Inventory-to-Revenue

For the Footwear & Accessories subindustry, Wah Sun Handbags International Holdings's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Wah Sun Handbags International Holdings's Inventory-to-Revenue Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Wah Sun Handbags International Holdings's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Wah Sun Handbags International Holdings's Inventory-to-Revenue falls into.

Wah Sun Handbags International Holdings Inventory-to-Revenue Calculation

Wah Sun Handbags International Holdings's Inventory-to-Revenue for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory-to-Revenue (A: Mar. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )
=	( (142.23	+	128.585)	/	2 )	/	446.518
=	135.4075					/	446.518
=	0.30

Wah Sun Handbags International Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 is calculated as

	Inventory-to-Revenue (Q: Sep. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Revenue (Q: Sep. 2023 )
=	( (128.585	+	84.746)	/	2 )	/	334.472
=	106.6655					/	334.472
=	0.32

Wah Sun Handbags International Holdings (HKSE:02683) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

More Related Terms:

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

Wah Sun Handbags International Holdings's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	106.6655	/	272.326	*	365 / 2
	=	71.48

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

Wah Sun Handbags International Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	272.326	/	106.6655
	=	2.55

Wah Sun Handbags International Holdings Inventory-to-Revenue Related Terms

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Wah Sun Handbags International Holdings (HKSE:02683) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Wah Sun Handbags International Holdings Ltd (HKSE:02683) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

30-32 Au Pui Wan Street, Room 9, 6th Floor. Wah Yiu Industrial Centre, Fo Tan, Shatin, New Territories, Hong Kong, HKG

Website

http://www.wahsun.com.hk

Wah Sun Handbags International Holdings Ltd is an investment holding company. It is engaged in the manufacturing and trading of handbag products. Geographically, it derives a majority of revenue from the United States of America and also has a presence in Spain and Other countries. Its non-leather handbags are made of materials such as PU, PVC and various types of textile materials, which are mainly mass market and middle-end priced products.

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