Lai Sun Development Co (HKSE:00488) Inventory Turnover : 0.21 (As of Jan. 2024)

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What is Lai Sun Development Co 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. Lai Sun Development Co's Cost of Goods Sold for the six months ended in Jan. 2024 was HK$1,967 Mil. Lai Sun Development Co's Average Total Inventories for the quarter that ended in Jan. 2024 was HK$9,591 Mil. Lai Sun Development Co's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lai Sun Development Co's Days Inventory for the six months ended in Jan. 2024 was 889.71.

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. Lai Sun Development Co's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 3.16.

Lai Sun Development Co Inventory Turnover Historical Data

The historical data trend for Lai Sun Development Co'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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Lai Sun Development Co Inventory Turnover Chart

Lai Sun Development Co Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Inventory Turnover

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1.12

0.45

0.48

0.34

0.39

Lai Sun Development Co Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															0.17	0.16	0.14	0.25	0.21

Lai Sun Development Co Inventory Turnover Calculation

Lai Sun Development Co's Inventory Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Inventory Turnover (A: Jul. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2023 )	/ (	(Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )
=	4173.809	/ (	(11483.542	+	9795.631)	/	2 )
=	4173.809	/	10639.5865
=	0.39

Lai Sun Development Co's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Jul. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	1967.346	/ (	(9795.631	+	9386.463)	/	2 )
=	1967.346	/	9591.047
=	0.21

Lai Sun Development Co (HKSE:00488) 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.

Lai Sun Development Co's Days Inventory for the six months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	9591.047	/	1967.346	*	365 / 2
	=	889.71

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.

Lai Sun Development Co's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	9591.047	/	3038.925
	=	3.16

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.

Lai Sun Development Co Inventory Turnover Related Terms

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Lai Sun Development Co (HKSE:00488) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Lai Sun Development Co Ltd (HKSE:00488) » Definitions » Inventory Turnover

Traded in Other Exchanges

LVSDF:USA

Address

680 Cheung Sha Wan Road, 11th Floor, Lai Sun Commercial Centre, Kowloon, Hong Kong, HKG

Website

https://www.laisun.com

Lai Sun Development Co Ltd is an investment holding company. The company's operating segment includes property development and sales; property investment; hotel operation; restaurant operation; media and entertainment; film and TV programs; cinema operation; theme park operation and others. The property development and sales segment is engaged in property development and the sale of properties. Geographically, it derives a majority of its revenue from Hong Kong, Mainland China and Macau.

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