Magnificent Hotel Investments (HKSE:00201) Inventory Turnover : 119.12 (As of Dec. 2023)

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What is Magnificent Hotel Investments 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. Magnificent Hotel Investments's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$210.4 Mil. Magnificent Hotel Investments's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1.8 Mil. Magnificent Hotel Investments's Inventory Turnover for the quarter that ended in Dec. 2023 was 119.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Magnificent Hotel Investments's Days Inventory for the six months ended in Dec. 2023 was 1.53.

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. Magnificent Hotel Investments's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Magnificent Hotel Investments Inventory Turnover Historical Data

The historical data trend for Magnificent Hotel Investments'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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Magnificent Hotel Investments Inventory Turnover Chart

Magnificent Hotel Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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275.60

195.65

269.35

245.73

266.35

Magnificent Hotel Investments 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															154.14	122.89	127.24	79.68	119.12

Magnificent Hotel Investments Inventory Turnover Calculation

Magnificent Hotel Investments'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 )
=	339.729	/ (	(1.133	+	1.418)	/	2 )
=	339.729	/	1.2755
=	266.35

Magnificent Hotel Investments'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 )
=	210.367	/ (	(2.114	+	1.418)	/	2 )
=	210.367	/	1.766
=	119.12

Magnificent Hotel Investments (HKSE:00201) 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.

Magnificent Hotel Investments'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
	=	1.766	/	210.367	*	365 / 2
	=	1.53

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.

Magnificent Hotel Investments'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 )
	=	1.766	/	273.858
	=	0.01

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.

Magnificent Hotel Investments Inventory Turnover Related Terms

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Magnificent Hotel Investments (HKSE:00201) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Magnificent Hotel Investments Ltd (HKSE:00201) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

24-30 Ice House Street, 3rd Floor, Shun Ho Tower, Central, Hong Kong, HKG

Website

http://www.magnificenthotelinv.com

Magnificent Hotel Investments Ltd is an investment holding company. The firm manages its business into three segments, namely Hospitality services, Property investment, and Securities investment. It operates the Ramada Hotel, Best Western Plus Hotel, Best Western Hotel, Magnificent International Hotel, Best Western Causeway Bay, and Grand City Hotel. It derives the majority of its revenue from the Hospitality services segment. Its geographical segments are Hong Kong, China, and the United States.

Executives

Alef United Holdings Limited	2401 A concert party to an agreement to buy shares
Credit Suisse Trust Limited	2201 Interest of corporation controlled by you
Hashim Majed Hashim A.	2201 Interest of corporation controlled by you
North Salomon Limited	2201 Interest of corporation controlled by you
Saray Capital Limited	2201 Interest of corporation controlled by you
Saray Value Fund Spc	2401 A concert party to an agreement to buy shares
Shobokshi Hussam Ali H.	2201 Interest of corporation controlled by you
Fmr Llc	2201 Interest of corporation controlled by you
Omnico Company Inc.	2201 Interest of corporation controlled by you
Shun Ho Holdings Limited	2201 Interest of corporation controlled by you
Shun Ho Property Investments Limited	2101 Beneficial owner
Trillion Resources Limited	2201 Interest of corporation controlled by you
Lee Pui Ling Liza	2202 Interest of your spouse

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