Lung Kee Group Holdings (HKSE:00255) Inventory Turnover : 0.61 (As of Dec. 2024)

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What is Lung Kee Group 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. Lung Kee Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$288 Mil. Lung Kee Group Holdings's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$470 Mil. Lung Kee Group Holdings's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lung Kee Group Holdings's Days Inventory for the six months ended in Dec. 2024 was 298.48.

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. Lung Kee Group Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.61.

Lung Kee Group Holdings Inventory Turnover Historical Data

The historical data trend for Lung Kee Group 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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Lung Kee Group Holdings Inventory Turnover Chart

Lung Kee Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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1.37

1.39

1.05

1.12

1.21

Lung Kee Group Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.47	0.50	0.59	0.62	0.61

Lung Kee Group Holdings Inventory Turnover Calculation

Lung Kee Group Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	601.558	/ (	(530.511	+	460.469)	/	2 )
=	601.558	/	495.49
=	1.21

Lung Kee Group Holdings's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	287.611	/ (	(480.295	+	460.469)	/	2 )
=	287.611	/	470.382
=	0.61

Lung Kee Group Holdings (HKSE:00255) 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.

Lung Kee Group Holdings's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	470.382	/	287.611	*	365 / 2
	=	298.48

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.

Lung Kee Group Holdings's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	470.382	/	768.032
	=	0.61

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.

Lung Kee Group Holdings Inventory Turnover Related Terms

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Lung Kee Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Lung Kee Group Holdings Ltd (HKSE:00255) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 On Kwan Street, Unit A, 15th Floor, Kings Wing Plaza 2, Sha Tin, New Territories, Hong Kong, HKG

Website

https://www.lkm.com.cn

Lung Kee Group Holdings Ltd is an investment holding company that provides corporate management services. Along with its subsidiaries, it is engaged in the manufacturing and marketing of mould bases and related products. Its product offerings include standard and custom-made mould base, mould components, tool and steel products such as plastic and steel mould, hot and cold work steel, precision plates, standard mould inserts, and other materials. The company generates a majority of its revenue from the People's Republic of China and the rest from other markets like Asia, Europe, and America.

Executives

Webb David Michael	2101 Beneficial owner
Siu Tit Lung	2103 Interests held jointly with another person
Siu Yuk Lung	2103 Interests held jointly with another person

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