Elife Holdings (HKSE:00223) Inventory Turnover : 40.17 (As of Mar. 2024)

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What is Elife 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. Elife Holdings's Cost of Goods Sold for the six months ended in Mar. 2024 was HK$85.6 Mil. Elife Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was HK$2.1 Mil. Elife Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 40.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Elife Holdings's Days Inventory for the six months ended in Mar. 2024 was 4.54.

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. Elife Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.

Elife Holdings Inventory Turnover Historical Data

The historical data trend for Elife 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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Elife Holdings Inventory Turnover Chart

Elife Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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9.03

330.13

509.69

147.51

67.72

Elife Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															71.60	79.44	37.50	25.81	40.17

Elife Holdings Inventory Turnover Calculation

Elife Holdings'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 )
=	152.226	/ (	(2.701	+	1.795)	/	2 )
=	152.226	/	2.248
=	67.72

Elife Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	85.564	/ (	(2.465	+	1.795)	/	2 )
=	85.564	/	2.13
=	40.17

Elife Holdings (HKSE:00223) 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.

Elife Holdings's Days Inventory for the six months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	2.13	/	85.564	*	365 / 2
	=	4.54

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.

Elife Holdings's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	2.13	/	110.961
	=	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.

Elife Holdings Inventory Turnover Related Terms

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Elife Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Elife Holdings Ltd (HKSE:00223) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

100 Cyberport Road, Cyberport 3, Unit 806, Level 8, Core D, Hong Kong, HKG

Website

http://www.elife.com.hk

Elife Holdings Ltd is an investment holding company. Its operating segment includes Supply chain business, Daily cleaning, anti-epidemic and other consumable products business, and Licensed branded consumer goods. It generates maximum revenue from the Supply chain business segment. The Supply chain business segment includes being engaged in the comprehensive supply chain business for branded goods, consumer products, and commodities, assisting brand suppliers in expanding their sales channels, and offering various value-added services such as brand promotion building and management. Geographically, it derives a majority of its revenue from the PRC.

Executives

Chen Miaoping	2101 Beneficial owner
China Innovation Investment Limited	2101 Beneficial owner
Zhao Zhenzhong	2101 Beneficial owner
Liu Qiuhua	2101 Beneficial owner
Gao Feng	2101 Beneficial owner
Zhu Qian	2101 Beneficial owner
Zhu Qian	2101 Beneficial owner

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