Far East Hotels & Entertainment (HKSE:00037) Inventory Turnover : 30.64 (As of Sep. 2023)

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What is Far East Hotels & Entertainment 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. Far East Hotels & Entertainment's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$12.33 Mil. Far East Hotels & Entertainment's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$0.40 Mil. Far East Hotels & Entertainment's Inventory Turnover for the quarter that ended in Sep. 2023 was 30.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Far East Hotels & Entertainment's Days Inventory for the six months ended in Sep. 2023 was 5.96.

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. Far East Hotels & Entertainment's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.02.

Far East Hotels & Entertainment Inventory Turnover Historical Data

The historical data trend for Far East Hotels & Entertainment'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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Far East Hotels & Entertainment Inventory Turnover Chart

Far East Hotels & Entertainment Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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101.65

74.20

81.35

97.05

104.02

Far East Hotels & Entertainment Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															61.44	37.05	47.96	50.20	30.64

Far East Hotels & Entertainment Inventory Turnover Calculation

Far East Hotels & Entertainment's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	31.258	/ (	(0.284	+	0.317)	/	2 )
=	31.258	/	0.3005
=	104.02

Far East Hotels & Entertainment's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	12.332	/ (	(0.317	+	0.488)	/	2 )
=	12.332	/	0.4025
=	30.64

Far East Hotels & Entertainment (HKSE:00037) 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.

Far East Hotels & Entertainment'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
	=	0.4025	/	12.332	*	365 / 2
	=	5.96

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.

Far East Hotels & Entertainment's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.4025	/	17.378
	=	0.02

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.

Far East Hotels & Entertainment Inventory Turnover Related Terms

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Far East Hotels & Entertainment (HKSE:00037) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Far East Hotels & Entertainment Ltd (HKSE:00037) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Gloucester Road, Suite 1902, 19th Floor, The Sun’s Group Centre, Wanchai, Hong Kong, HKG

Website

https://www.tricor.com.hk/webservice/00037

Far East Hotels & Entertainment Ltd is a Hong Kong-based investment holding company. Through its subsidiaries, the company operates under business segments of Hotel operations in Hong Kong; Serviced property letting in Mainland China; Property investment in Hong Kong; Property investment overseas; and Securities investment and trading. The company earns maximum revenue from Hotel operations in Hong Kong. The group's operations are located in Hong Kong, Mainland China, and overseas.

Executives

Chiu Derek	2201 Interest of corporation controlled by you
Lui Yu Kin	2101 Beneficial owner

Far East Hotels & Entertainment (HKSE:00037) Headlines

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