Vietnam Manufacturing and Export Processing (Holdings) (HKSE:00422) Inventory Turnover : 1.54 (As of Dec. 2023)

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What is Vietnam Manufacturing and Export Processing (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. Vietnam Manufacturing and Export Processing (Holdings)'s Cost of Goods Sold for the six months ended in Dec. 2023 was HK$292.9 Mil. Vietnam Manufacturing and Export Processing (Holdings)'s Average Total Inventories for the quarter that ended in Dec. 2023 was HK$189.7 Mil. Vietnam Manufacturing and Export Processing (Holdings)'s Inventory Turnover for the quarter that ended in Dec. 2023 was 1.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vietnam Manufacturing and Export Processing (Holdings)'s Days Inventory for the six months ended in Dec. 2023 was 118.17.

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. Vietnam Manufacturing and Export Processing (Holdings)'s Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.55.

Vietnam Manufacturing and Export Processing (Holdings) Inventory Turnover Historical Data

The historical data trend for Vietnam Manufacturing and Export Processing (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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Vietnam Manufacturing and Export Processing (Holdings) Inventory Turnover Chart

Vietnam Manufacturing and Export Processing (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.93

3.11

3.18

4.30

3.68

Vietnam Manufacturing and Export Processing (Holdings) 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															1.15	2.09	2.47	2.03	1.54

Vietnam Manufacturing and Export Processing (Holdings) Inventory Turnover Calculation

Vietnam Manufacturing and Export Processing (Holdings)'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 )
=	700.211	/ (	(202.047	+	178.477)	/	2 )
=	700.211	/	190.262
=	3.68

Vietnam Manufacturing and Export Processing (Holdings)'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 )
=	292.922	/ (	(200.862	+	178.477)	/	2 )
=	292.922	/	189.6695
=	1.54

Vietnam Manufacturing and Export Processing (Holdings) (HKSE:00422) 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.

Vietnam Manufacturing and Export Processing (Holdings)'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
	=	189.6695	/	292.922	*	365 / 2
	=	118.17

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.

Vietnam Manufacturing and Export Processing (Holdings)'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 )
	=	189.6695	/	347.856
	=	0.55

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.

Vietnam Manufacturing and Export Processing (Holdings) Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Vietnam Manufacturing and Export Processing (Holdings)'s Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Vietnam Manufacturing and Export Processing (Holdings) (HKSE:00422) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vietnam Manufacturing and Export Processing (Holdings) Ltd (HKSE:00422) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

9110:Taiwan

Address

Section 5, Tam Hiep Ward, Dong Nai, Bien Hoa, VNM

Website

https://www.vmeph.com

Vietnam Manufacturing and Export Processing (Holdings) Ltd is an investment holding company. The company's operating segment includes Manufacturing and sale of motorbikes; Manufacturing and sale of spare parts and engines and Moulds and repair services. It generates maximum revenue from the Manufacturing and sale of motorbikes segment. Geographically, it derives a majority of its revenue from Vietnam and also has a presence in Malaysia; the Philippines; Thailand; Greece; Taiwan, and Other countries.

Vietnam Manufacturing and Export Processing (Holdings) (HKSE:00422) Headlines

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