Television Broadcasts (HKSE:00511) Inventory Turnover : 23.13 (As of Dec. 2023)

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What is Television Broadcasts 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. Television Broadcasts's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,139 Mil. Television Broadcasts's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$49 Mil. Television Broadcasts's Inventory Turnover for the quarter that ended in Dec. 2023 was 23.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Television Broadcasts's Days Inventory for the six months ended in Dec. 2023 was 7.89.

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. Television Broadcasts's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Television Broadcasts Inventory Turnover Historical Data

The historical data trend for Television Broadcasts'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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Television Broadcasts Inventory Turnover Chart

Television Broadcasts Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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54.78

57.42

39.30

28.67

36.23

Television Broadcasts 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															22.86	13.69	13.23	14.16	23.13

Television Broadcasts Inventory Turnover Calculation

Television Broadcasts'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 )
=	2299.489	/ (	(96.216	+	30.72)	/	2 )
=	2299.489	/	63.468
=	36.23

Television Broadcasts'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 )
=	1138.53	/ (	(67.727	+	30.72)	/	2 )
=	1138.53	/	49.2235
=	23.13

Television Broadcasts (HKSE:00511) 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.

Television Broadcasts'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
	=	49.2235	/	1138.53	*	365 / 2
	=	7.89

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.

Television Broadcasts'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 )
	=	49.2235	/	1762.504
	=	0.03

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.

Television Broadcasts Inventory Turnover Related Terms

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Television Broadcasts (HKSE:00511) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Television Broadcasts Ltd (HKSE:00511) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

TVBCY:USA TBCN:Germany

Address

TVB City, 77 Chun Choi Street, Tseung Kwan O Industrial Estate, Kowloon, Hong Kong, HKG

Website

https://www.tvb.com

Television Broadcasts Ltd is a Hong Kong-based company whose activities involve terrestrial television broadcasting, together with programme production and other television-related activities. Its operating segments include Hong Kong TV broadcasting; OTT Streaming; e-Commerce business; Mainland China operations and International operations. The company derives a majority of revenue from the Hong Kong TV broadcasting segment involving the broadcasting of television programmes, commercials on terrestrial TV platforms, production of programmes, online social media platform, music entertainment, event and digital marketing. The group derives revenue from Hong Kong and other countries, of which prime revenue is derived from Hong Kong.

Executives

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Hsu Kenneth Kin	2201 Interest of corporation controlled by you
Li Ruigang	2201 Interest of corporation controlled by you
Hua Ren Wen Hua Chuan Mei Yu Le Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Cardy Oval Limited	2101 Beneficial owner
Gaw Goodwin	2101 Beneficial owner
Silchester International Investors International Value Equity Trust	2101 Beneficial owner
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Dodge & Cox	2102 Investment manager
Cmc Inc. (formerly Known As Cmc Holdings Limited)	2201 Interest of corporation controlled by you
Hua Ren Wen Hua Chuan Mei You Xian Gong Si	2201 Interest of corporation controlled by you

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