High Fashion International (HKSE:00608) Inventory Turnover : 2.50 (As of Dec. 2023)

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What is High Fashion International 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. High Fashion International's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,341 Mil. High Fashion International's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$536 Mil. High Fashion International's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. High Fashion International's Days Inventory for the six months ended in Dec. 2023 was 72.95.

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. High Fashion International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.32.

High Fashion International Inventory Turnover Historical Data

The historical data trend for High Fashion International'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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High Fashion International Inventory Turnover Chart

High Fashion International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.74

3.69

4.73

4.91

4.64

High Fashion International 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															2.69	2.52	2.53	2.53	2.50

High Fashion International Inventory Turnover Calculation

High Fashion International'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 )
=	2614.729	/ (	(531.897	+	594.894)	/	2 )
=	2614.729	/	563.3955
=	4.64

High Fashion International'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 )
=	1340.887	/ (	(477.013	+	594.894)	/	2 )
=	1340.887	/	535.9535
=	2.50

High Fashion International (HKSE:00608) 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.

High Fashion International'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
	=	535.9535	/	1340.887	*	365 / 2
	=	72.95

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.

High Fashion International'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 )
	=	535.9535	/	1694.443
	=	0.32

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.

High Fashion International Inventory Turnover Related Terms

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High Fashion International (HKSE:00608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » High Fashion International Ltd (HKSE:00608) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-11 Kwai Hei Street, Kwai Chung, 11th Floor, High Fashion Centre, New Territories, Hong Kong, HKG

Website

https://www.highfashion.com.hk

High Fashion International Ltd is an investment holding company. It is engaged in the manufacture and trading of garments, as well as property investment and development.. The company's operating segments include the Manufacturing and trading of garments; and Property investment and development. The company operates in the United States, Greater China, Europe, and Other countries. It generates majority of the revenue from China.

Executives

Lam Foo Wah	2307 Founder of a discretionary trust who can infl
High Fashion Charitable Foundation Limited	2101 Beneficial owner
Leung Shuk Bing	2202 Interest of your spouse
Hinton Company Limited	2101 Beneficial owner

High Fashion International (HKSE:00608) Headlines

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