Hamid Fabrics (DHA:HFL) Inventory Turnover: 0.22 (As of Sep. 2024)

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DHA:HFL Hamid Fabrics PLC DHA:HFL
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Price BDT15.30
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What is Hamid Fabrics Inventory Turnover?

Hamid Fabrics DHA:HFL -0.65% 10 Inventory Turnover is 0.22 as of Sep. 2024. GuruFocus rates DHA:HFL with a GF Score™ of 10/100.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Hamid Fabrics's Cost of Goods Sold for the three months ended in Sep. 2024 was BDT248 Mil. Hamid Fabrics's Average Total Inventories for the quarter that ended in Sep. 2024 was BDT1,148 Mil. Hamid Fabrics's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hamid Fabrics's Days Inventory for the three months ended in Sep. 2024 was 423.43.

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. Hamid Fabrics's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 4.62.

Hamid Fabrics  (DHA:HFL) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Hamid Fabrics's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2024 )/Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=1148.4905/247.5*365 / 4
=423.43

2. 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.

Hamid Fabrics's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=1148.4905 / 248.779
=4.62

* 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.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Hamid Fabrics Inventory Turnover Related Terms

Hamid Fabrics Inventory Turnover Historical Data

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The historical data trend for Hamid Fabrics's Inventory Turnover 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.

Hamid Fabrics Inventory Turnover Chart

Hamid Fabrics Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.71 2.13 1.89 2.93 2.49

Hamid Fabrics Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.57 0.43 0.44 0.30 0.22
DHA:HFL
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Hamid Fabrics PLC DHA:HFL
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Hamid Fabrics Inventory Turnover Calculation

Hamid Fabrics's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Inventory Turnover (A: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Jun. 2023 ) / ((Total Inventories (A: Jun. 2022 ) + Total Inventories (A: Jun. 2023 )) / count )
=2297.584 / ((852.189 + 992.927) / 2 )
=2297.584 / 922.558
=2.49

Hamid Fabrics's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover (Q: Sep. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2024 ) / ((Total Inventories (Q: Mar. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count )
=247.5 / ((938.034 + 1358.947) / 2 )
=247.5 / 1148.4905
=0.22

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.22 mean?
Hamid Fabrics (DHA:HFL) has a Inventory Turnover of 0.22 as of Sep. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Hamid Fabrics and its competitors.
Is Hamid Fabrics' Inventory Turnover too high?
Hamid Fabrics' current Inventory Turnover is 0.22. Overall, Hamid Fabrics has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Hamid Fabrics' Inventory Turnover compare to competitors?
Hamid Fabrics' Inventory Turnover of 0.22 can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Manufacturing - Apparel & Accessories company?
A good Inventory Turnover depends on the Manufacturing - Apparel & Accessories industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Hamid Fabrics and its competitors. Hamid Fabrics's current Inventory Turnover is 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hamid Fabrics stock overvalued right now?
Hamid Fabrics (DHA:HFL) has a current Inventory Turnover of 0.22. The current Inventory Turnover is 0.22. Hamid Fabrics' overall GF Score™ is 10/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Hamid Fabrics (DHA:HFL), the current Inventory Turnover is 0.22 as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Hamid Fabrics Business Description

Address 24, Gulshan C/A, Circle-2, Hamid Tower (7th Floor), Dhaka, BGD, 1212
Hamid Fabrics PLC is a manufacturer of solid-dye fabric for the readymade garment industry. The company's product range includes cotton fabrics as well as blended fabrics such as cotton/polyester, cotton/viscose, nylon/cotton and cotton/lycra. The weaving unit produces grey fabrics in various designs and constructions such as Twill, Canvas, Oxford, Rib stop, Rib cord, Ottoman, Herringbone, and various dobby designs of different weight ranges. The finishing mix of Hamid Fabrics Limited comprises water repellent, fireproof, wrinkle-free, Teflon coating, aero finish and chintz finish. The company caters to the markets in the United States of American and the European Union.
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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

BDT15.30
Price