Computime Group (HKSE:00320) Inventory Turnover : 1.91 (As of Mar. 2024)

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What is Computime Group 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. Computime Group's Cost of Goods Sold for the six months ended in Mar. 2024 was HK$1,667 Mil. Computime Group's Average Total Inventories for the quarter that ended in Mar. 2024 was HK$875 Mil. Computime Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Computime Group's Days Inventory for the six months ended in Mar. 2024 was 95.76.

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. Computime Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.44.

Computime Group Inventory Turnover Historical Data

The historical data trend for Computime Group'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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Computime Group Inventory Turnover Chart

Computime Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.06

4.30

4.35

3.88

3.80

Computime Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.78	1.79	1.84	1.91	1.73

Computime Group Inventory Turnover Calculation

Computime Group'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 )
=	3406.739	/ (	(969.47	+	823.976)	/	2 )
=	3406.739	/	896.723
=	3.80

Computime Group'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 )
=	1667.311	/ (	(925.684	+	823.976)	/	2 )
=	1667.311	/	874.83
=	1.91

Computime Group (HKSE:00320) 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.

Computime Group'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
	=	874.83	/	1667.311	*	365 / 2
	=	95.76

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.

Computime Group'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 )
	=	874.83	/	1990.97
	=	0.44

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.

Computime Group Inventory Turnover Related Terms

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Computime Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Computime Group Ltd (HKSE:00320) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

20 Science Park East Avenue, 6th Floor, Building 20E, Phase 3, Hong Kong Science Park, Shatin, New Territories, Hong Kong, HKG

Website

https://www.computime.com

Computime Group Ltd is engaged in research and development, design, manufacture, trading, and distribution of electronic control products. The company operates in business segments that include the Control Solutions Business provides design, engineering, technology, and manufacturing services, including Original Equipment Manufacturer (OEM) and Original Design Manufacturer; and the Branded Business segment, which offers smart home, energy management, and home solutions to professional installers, property developers, utility companies, and wholesaler. The company generates a vast majority of its revenue from the Control solutions segment. Geographically, the operations are spread throughout America, Europe, Oceania, and Asia.

Executives

Yeoman 3-rights Value Asia Fund Vcc	2101 Beneficial owner
Yeoman Capital Management Pte Ltd	2201 Interest of corporation controlled by you
Heung Lap Chi Eugene	2101 Beneficial owner
Leung Yee Li Lana	2202 Interest of your spouse
Lim Mee Hwa	2201 Interest of corporation controlled by you
Yeo Seng Chong	2201 Interest of corporation controlled by you
Auyang Ho
Tse Shuk Ming

Computime Group Headlines

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