Daido Group (HKSE:00544) Inventory Turnover : 92.41 (As of Dec. 2024)

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What is Daido 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. Daido Group's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$89.8 Mil. Daido Group's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$1.0 Mil. Daido Group's Inventory Turnover for the quarter that ended in Dec. 2024 was 92.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Daido Group's Days Inventory for the six months ended in Dec. 2024 was 1.97.

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. Daido Group's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.01.

Daido Group Inventory Turnover Historical Data

The historical data trend for Daido 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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Daido Group Inventory Turnover Chart

Daido Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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127.47

128.43

130.20

254.95

286.20

Daido Group 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															96.42	114.24	113.48	106.29	92.41

Daido Group Inventory Turnover Calculation

Daido Group'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 )
=	209.496	/ (	(0.886	+	0.578)	/	2 )
=	209.496	/	0.732
=	286.20

Daido Group'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 )
=	89.819	/ (	(1.366	+	0.578)	/	2 )
=	89.819	/	0.972
=	92.41

Daido Group (HKSE:00544) 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.

Daido Group'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
	=	0.972	/	89.819	*	365 / 2
	=	1.97

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.

Daido Group'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 )
	=	0.972	/	94.651
	=	0.01

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.

Daido Group Inventory Turnover Related Terms

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Daido Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Daido Group Ltd (HKSE:00544) » Definitions » Inventory Turnover

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Address

No. 51 Kwai Cheong Road, Unit No. 1301, Level 13, Tower 1, Kowloon Commerce Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.daidohk.com

Daido Group Ltd is an investment holding company engaged in cold storage and related services business, trading and sales of food and beverage business, and investment holding. It has two segments Cold storage and related services in Hong Kong; and Trading and sales of food and beverage in the PRC and Hong Kong. It generates the majority of its revenue from the Cold storage and Related Services segment. The company generates the majority of its revenue from Hong Kong.

Executives

Fung Pak Kei	2101 Beneficial owner
Ho Hon Chung, Ivan	2101 Beneficial owner
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Kong William Waileung	2201 Interest of corporation controlled by you

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