Sun Hing Vision Group Holdings (HKSE:00125) Inventory Turnover : 3.09 (As of Sep. 2023)

View and export this data going back to 1999. Start your Free Trial

What is Sun Hing Vision Group Holdings 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. Sun Hing Vision Group Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$300.3 Mil. Sun Hing Vision Group Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$97.2 Mil. Sun Hing Vision Group Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 3.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sun Hing Vision Group Holdings's Days Inventory for the six months ended in Sep. 2023 was 59.05.

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. Sun Hing Vision Group Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.28.

Sun Hing Vision Group Holdings Inventory Turnover Historical Data

The historical data trend for Sun Hing Vision Group Holdings'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.

* Premium members only.

Sun Hing Vision Group Holdings Inventory Turnover Chart

Sun Hing Vision Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

Get a 7-Day Free Trial

8.34

6.23

4.71

6.60

6.17

Sun Hing Vision Group Holdings 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															3.34	3.06	3.21	2.90	3.09

Sun Hing Vision Group Holdings Inventory Turnover Calculation

Sun Hing Vision Group Holdings'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 )
=	595.701	/ (	(100.926	+	92.155)	/	2 )
=	595.701	/	96.5405
=	6.17

Sun Hing Vision Group Holdings'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 )
=	300.293	/ (	(92.155	+	102.164)	/	2 )
=	300.293	/	97.1595
=	3.09

Sun Hing Vision Group Holdings (HKSE:00125) 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.

Sun Hing Vision Group 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
	=	97.1595	/	300.293	*	365 / 2
	=	59.05

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.

Sun Hing Vision Group Holdings'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 )
	=	97.1595	/	351.306
	=	0.28

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.

Sun Hing Vision Group Holdings Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Sun Hing Vision Group Holdings's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Sun Hing Vision Group Holdings (HKSE:00125) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sun Hing Vision Group Holdings Ltd (HKSE:00125) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

83 Hung To Road, 25 Floor, EGL Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.sunhingoptical.com

Sun Hing Vision Group Holdings Ltd is an investment holding company. Along with its subsidiaries, the firm engages in the design, manufacture, and distribution of premium eyewear products. It operates through the segments of Eyewear products; Contact lens and others. The company generates maximum revenue from the Eyewear products segment. Geographically, it derives a majority of revenue from Italy and also has a presence in Hong Kong; Japan; the United States and Other countries. The company's brand portfolio includes brand names such as New Balance, agnes b, Jill Stuart, Levi's and Kenzo.

Sun Hing Vision Group Holdings (HKSE:00125) Headlines

No Headlines