Carry Wealth Holdings (HKSE:00643) Inventory Turnover : 3.75 (As of Jun. 2024)

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What is Carry Wealth 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. Carry Wealth Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$248.7 Mil. Carry Wealth Holdings's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$66.4 Mil. Carry Wealth Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 3.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Carry Wealth Holdings's Days Inventory for the six months ended in Jun. 2024 was 48.72.

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. Carry Wealth Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.24.

Carry Wealth Holdings Inventory Turnover Historical Data

The historical data trend for Carry Wealth 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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Carry Wealth Holdings Inventory Turnover Chart

Carry Wealth Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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5.75

7.61

8.03

11.86

Carry Wealth Holdings 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															3.51	3.70	3.73	3.75	6.53

Carry Wealth Holdings Inventory Turnover Calculation

Carry Wealth 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 )
=	430.109	/ (	(43.791	+	63.292)	/	2 )
=	430.109	/	53.5415
=	8.03

Carry Wealth Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	248.697	/ (	(63.292	+	69.503)	/	2 )
=	248.697	/	66.3975
=	3.75

Carry Wealth Holdings (HKSE:00643) 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.

Carry Wealth Holdings's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	66.3975	/	248.697	*	365 / 2
	=	48.72

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.

Carry Wealth Holdings's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	66.3975	/	280.835
	=	0.24

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.

Carry Wealth Holdings Inventory Turnover Related Terms

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Carry Wealth Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Carry Wealth Holdings Ltd (HKSE:00643) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 Wyndham Street, Central, Unit 802, 8th Floor, LKF29, Central, Hong Kong, HKG

Website

http://www.carrywealth.com

Carry Wealth Holdings Ltd is an investment holding company. It is engaged in the manufacturing and trading of garment products and securities investment. The company operates through the segments of Garment manufacturing and trading segment including the manufacturing of garments for apparel brands and the sale of garment products, and the Securities investment segment consisting of investments in various securities listed on the Hong Kong Stock Exchange. Its product ranges from polo, athletics, cardigan, hoodies, tee, jackets, bottoms, and dresses to layettes. In addition, the company also provides embroidery machines and printing facilities to handle fashionable graphic design on its products. It derives a majority of its revenue from the U.S.

Executives

Mars Worldwide Holdings Limited	2101 Beneficial owner
Ma Xiaoqiu	2201 Interest of corporation controlled by you
Ma Xiao Qiu	2201 Interest of corporation controlled by you
Dragon Peace Limited	2101 Beneficial owner
Li Haifeng	2201 Interest of corporation controlled by you

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