Hon Kwok Land Investment Co (HKSE:00160) Inventory Turnover : 0.10 (As of Sep. 2024)

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What is Hon Kwok Land Investment Co 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. Hon Kwok Land Investment Co's Cost of Goods Sold for the six months ended in Sep. 2024 was HK$127.8 Mil. Hon Kwok Land Investment Co's Average Total Inventories for the quarter that ended in Sep. 2024 was HK$1,271.4 Mil. Hon Kwok Land Investment Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hon Kwok Land Investment Co's Days Inventory for the six months ended in Sep. 2024 was 1,815.90.

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. Hon Kwok Land Investment Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 4.02.

Hon Kwok Land Investment Co Inventory Turnover Historical Data

The historical data trend for Hon Kwok Land Investment Co'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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Hon Kwok Land Investment Co Inventory Turnover Chart

Hon Kwok Land Investment Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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0.13

0.31

0.25

0.29

0.39

Hon Kwok Land Investment Co Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.15	0.13	0.21	0.18	0.10

Hon Kwok Land Investment Co Inventory Turnover Calculation

Hon Kwok Land Investment Co's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	505.17	/ (	(1422.423	+	1156.651)	/	2 )
=	505.17	/	1289.537
=	0.39

Hon Kwok Land Investment Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	127.774	/ (	(1156.651	+	1386.082)	/	2 )
=	127.774	/	1271.3665
=	0.10

Hon Kwok Land Investment Co (HKSE:00160) 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.

Hon Kwok Land Investment Co's Days Inventory for the six months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	1271.3665	/	127.774	*	365 / 2
	=	1,815.90

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.

Hon Kwok Land Investment Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	1271.3665	/	316.428
	=	4.02

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.

Hon Kwok Land Investment Co Inventory Turnover Related Terms

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Hon Kwok Land Investment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hon Kwok Land Investment Co Ltd (HKSE:00160) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

111 Connaught Road, 23rd Floor, Wing On Centre, Central, Hong Kong, HKG

Website

https://www.honkwok.com.hk

Hon Kwok Land Investment Co Ltd is a Hong Kong-based investment holding company. The company's operating segments include Property development; Property investment and Property, carpark management, and others segment. It generates maximum revenue from the Property development segment which develops properties for sale. Geographically, it has a business presence in Hong Kong, Japan, and Mainland China, of which it derives a majority of its revenue from Mainland China.

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