Hing Yip Holdings (HKSE:00132) Inventory Turnover : 39.55 (As of Dec. 2023)

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What is Hing Yip 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. Hing Yip Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$248.8 Mil. Hing Yip Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$6.3 Mil. Hing Yip Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 39.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hing Yip Holdings's Days Inventory for the six months ended in Dec. 2023 was 4.61.

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. Hing Yip Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Hing Yip Holdings Inventory Turnover Historical Data

The historical data trend for Hing Yip 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.

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Hing Yip Holdings Inventory Turnover Chart

Hing Yip Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.78

13.52

24.04

36.89

66.90

Hing Yip Holdings 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															13.79	15.82	18.68	34.17	39.55

Hing Yip Holdings Inventory Turnover Calculation

Hing Yip Holdings'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 )
=	505.326	/ (	(8.769	+	6.339)	/	2 )
=	505.326	/	7.554
=	66.90

Hing Yip Holdings'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 )
=	248.822	/ (	(6.245	+	6.339)	/	2 )
=	248.822	/	6.292
=	39.55

Hing Yip Holdings (HKSE:00132) 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.

Hing Yip Holdings'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
	=	6.292	/	248.822	*	365 / 2
	=	4.61

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.

Hing Yip Holdings'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 )
	=	6.292	/	407.147
	=	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.

Hing Yip Holdings Inventory Turnover Related Terms

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Hing Yip Holdings (HKSE:00132) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hing Yip Holdings Ltd (HKSE:00132) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

62 Mody Road, Unit 501, Wing On Plaza, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

https://chinainvestments.tonghaiir.com

China Investments Holdings Ltd is an investment holding company. Its operating segment includes the Financial leasing business, Wellness elderly care business, Big data business, Property and industrial park investment business, and hotel business. It generates maximum revenue from the Financial leasing segment. The Financial leasing segment is engaged in the provision of finance lease consulting services and financing services in China. Its Property investments segment is engaged in holding investment properties, properties held for sale, and investment in the development and construction of the industrial park. Geographically, it derives a majority of its revenue from China.

Executives

Prize Rich Inc.	2201 Interest of corporation controlled by you
Guo Xing Zhong Ye Xiang Gang You Xian Gong Si	2101 Beneficial owner
Guang Dong Nan Hai Kong Gu Ji Tuan You Xian Gong Si Qian Cheng Guang Dong Nan Hai Kong Gu Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Dong Nan Hai Kong Gu Ji Tuan You Xian Gong Si Qian Cheng Guang Dong Nan Hai Kong Gu Tou Zi You	2201 Interest of corporation controlled by you
Guang Dong Nan Hai Kong Gu Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you

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