Dream International (Dream International) Inventory Turnover : 2.39 (As of Dec. 2023)

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What is Dream International Inventory Turnover?

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. Dream International's Cost of Goods Sold for the six months ended in Dec. 2023 was $268.3 Mil. Dream International's Average Total Inventories for the quarter that ended in Dec. 2023 was $112.2 Mil. Dream International's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dream International's Days Inventory for the six months ended in Dec. 2023 was 76.29.

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. Dream International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.31.

Dream International Inventory Turnover Historical Data

The historical data trend for Dream International'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.

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Dream International Inventory Turnover Chart

Dream International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.73

4.96

5.40

5.51

4.55

Dream International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.82	2.23	2.49	2.02	2.39

Dream International Inventory Turnover Calculation

Dream International's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	513.166	/ (	(121.373	+	104.435)	/	2 )
=	513.166	/	112.904
=	4.55

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	268.28	/ (	(119.866	+	104.435)	/	2 )
=	268.28	/	112.1505
=	2.39

Dream International (OTCPK:DRMMF) 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.

Dream International's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	112.1505	/	268.28	*	365 / 2
	=	76.29

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	112.1505	/	366.641
	=	0.31

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.

Dream International Inventory Turnover Related Terms

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Dream International (Dream International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Dream International Ltd (OTCPK:DRMMF) » Definitions » Inventory Turnover

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01126:Hong Kong

Address

75 Mody Road, 6th Floor, Tower 1, South Seas Centre, Tsim Sha Tsui, Kowloon, HKG

Website

https://www.dream-i.com.hk

Dream International Ltd is a Hong Kong-based company engaged in the design, development, manufacturing, and sale of toys. It operates in four segments: Plush stuffed toys, Plastic figures, Die-casting products, and Tarpaulin. The majority is from the Plastic figures segment, which is involved in the design, development, manufacture, and sale of plastic figures. These products are manufactured in the Group's manufacturing facilities located mainly in the PRC and Vietnam. The company's geographical segments are Hong Kong, North America, Japan, Europe, The PRC, Vietnam, Korea, and Other countries, of which prime revenue is derived from North America.

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