The Hongkong and Shanghai Hotels (FRA:HSG) Inventory Turnover : 0.70 (As of Dec. 2023)

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What is The Hongkong and Shanghai Hotels 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. The Hongkong and Shanghai Hotels's Cost of Goods Sold for the six months ended in Dec. 2023 was €430.4 Mil. The Hongkong and Shanghai Hotels's Average Total Inventories for the quarter that ended in Dec. 2023 was €614.0 Mil. The Hongkong and Shanghai Hotels's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Hongkong and Shanghai Hotels's Days Inventory for the six months ended in Dec. 2023 was 260.34.

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. The Hongkong and Shanghai Hotels's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.92.

The Hongkong and Shanghai Hotels Inventory Turnover Historical Data

The historical data trend for The Hongkong and Shanghai Hotels'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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The Hongkong and Shanghai Hotels Inventory Turnover Chart

The Hongkong and Shanghai Hotels Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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32.20

19.07

24.39

0.87

0.99

The Hongkong and Shanghai Hotels 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															14.73	0.39	0.27	0.22	0.70

The Hongkong and Shanghai Hotels Inventory Turnover Calculation

The Hongkong and Shanghai Hotels'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 )
=	574.989	/ (	(637.304	+	527.905)	/	2 )
=	574.989	/	582.6045
=	0.99

The Hongkong and Shanghai Hotels'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 )
=	430.449	/ (	(700.174	+	527.905)	/	2 )
=	430.449	/	614.0395
=	0.70

The Hongkong and Shanghai Hotels (FRA:HSG) 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.

The Hongkong and Shanghai Hotels'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
	=	614.0395	/	430.449	*	365 / 2
	=	260.34

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.

The Hongkong and Shanghai Hotels'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 )
	=	614.0395	/	665.4
	=	0.92

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.

The Hongkong and Shanghai Hotels Inventory Turnover Related Terms

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The Hongkong and Shanghai Hotels (FRA:HSG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » The Hongkong and Shanghai Hotels Ltd (FRA:HSG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

HKSHY:USA HKSHF:USA 00045:Hong Kong

Address

2 Ice House Street, 8th Floor, St. George’s Building, Central, Hong Kong, HKG

Website

https://www.hshgroup.com

The Hongkong and Shanghai Hotels Ltd is a hotel owner and operator, domiciled in Hong Kong. The company organises itself into three segments: hotels, commercial properties, and clubs and services. The hotel's segment, which contributes the vast majority of consolidated revenue, includes the company's hotel operations under The Peninsula brand in major cities across the globe, the most significant of which is The Peninsula Hong Kong. The commercial properties segment leases office buildings, residential apartments and retail spaces. Clubs and services operate golf courses, wholesales food, and provides laundry services. Geographically, domestic operations are the most significant contributor to company revenue, followed by Other Asia, and the U.S. and Europe.

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