Asia Orient Holdings (HKSE:00214) Inventory Turnover : 0.01 (As of Sep. 2023)

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What is Asia Orient 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. Asia Orient Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$75 Mil. Asia Orient Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$5,484 Mil. Asia Orient Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asia Orient Holdings's Days Inventory for the six months ended in Sep. 2023 was 13,260.55.

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. Asia Orient Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 5.48.

Asia Orient Holdings Inventory Turnover Historical Data

The historical data trend for Asia Orient 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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Asia Orient Holdings Inventory Turnover Chart

Asia Orient Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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0.21

0.16

0.03

0.02

Asia Orient 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															0.01	0.01	0.01	0.01	0.01

Asia Orient Holdings Inventory Turnover Calculation

Asia Orient 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 )
=	104.633	/ (	(4444.133	+	5204.855)	/	2 )
=	104.633	/	4824.494
=	0.02

Asia Orient 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 )
=	75.47	/ (	(5204.855	+	5762.532)	/	2 )
=	75.47	/	5483.6935
=	0.01

Asia Orient Holdings (HKSE:00214) 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.

Asia Orient 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
	=	5483.6935	/	75.47	*	365 / 2
	=	13,260.55

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.

Asia Orient 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 )
	=	5483.6935	/	1000.438
	=	5.48

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.

Asia Orient Holdings Inventory Turnover Related Terms

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Asia Orient Holdings (HKSE:00214) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Asia Orient Holdings Ltd (HKSE:00214) » Definitions » Inventory Turnover

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Address

33 Lockhart Road, 30th Floor, YF Life Tower, Wanchai, Hong Kong, HKG

Website

http://www.asiaorient.com.hk

Asia Orient Holdings Ltd is an investment holding company. The company operates through segments which are, Property Sales, Property Leasing, Hotel, and Travel, as well as Financial Investment and Others. The company generates maximum revenue from the Financial Investment segment.

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