Liu Chong Hing Investment (HKSE:00194) Inventory Turnover : 0.47 (As of Dec. 2023)

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What is Liu Chong Hing Investment 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. Liu Chong Hing Investment's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$729.5 Mil. Liu Chong Hing Investment's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1,562.9 Mil. Liu Chong Hing Investment's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Liu Chong Hing Investment's Days Inventory for the six months ended in Dec. 2023 was 391.00.

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. Liu Chong Hing Investment's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 4.34.

Liu Chong Hing Investment Inventory Turnover Historical Data

The historical data trend for Liu Chong Hing Investment'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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Liu Chong Hing Investment Inventory Turnover Chart

Liu Chong Hing Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.45

0.20

0.21

0.18

0.55

Liu Chong Hing Investment 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															0.12	0.08	0.10	0.08	0.47

Liu Chong Hing Investment Inventory Turnover Calculation

Liu Chong Hing Investment'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 )
=	874.804	/ (	(1863.145	+	1308.051)	/	2 )
=	874.804	/	1585.598
=	0.55

Liu Chong Hing Investment'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 )
=	729.496	/ (	(1817.822	+	1308.051)	/	2 )
=	729.496	/	1562.9365
=	0.47

Liu Chong Hing Investment (HKSE:00194) 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.

Liu Chong Hing Investment'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
	=	1562.9365	/	729.496	*	365 / 2
	=	391.00

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.

Liu Chong Hing Investment'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 )
	=	1562.9365	/	359.727
	=	4.34

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.

Liu Chong Hing Investment Inventory Turnover Related Terms

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Liu Chong Hing Investment (HKSE:00194) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Liu Chong Hing Investment Ltd (HKSE:00194) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

24 Des Voeux Road Central, 23rd Floor, Chong Hing Bank Centre, Hong Kong, HKG

Website

https://www.lchi.com.hk

Liu Chong Hing Investment Ltd is an investment holding company engaged in property investment and property development. It has six operating segments the Property Investment segment is engaged in the investment and leasing of properties; the Property Development segment is engaged in the development and sales of properties; the Property Management segment is engaged in the provision of property management services; Treasury Investment is engaged in dealing and investing in securities and other financial instruments; Trading and Manufacturing segment is engaged in the manufacture and wholesale of magnetic products; Hotel Operation segment is engaged in the operation and management of hotels, and it derives the maximum revenue from the Property investment segment.

Executives

Alba Holdings Limited	2101 Beneficial owner
Liu Lit Chi	2201 Interest of corporation controlled by you

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