Eternity Investment (HKSE:00764) Inventory Turnover : 1.46 (As of Dec. 2023)

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What is Eternity Investment 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. Eternity Investment's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$52.2 Mil. Eternity Investment's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$35.7 Mil. Eternity Investment's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eternity Investment's Days Inventory for the six months ended in Dec. 2023 was 124.84.

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. Eternity Investment's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.31.

Eternity Investment Inventory Turnover Historical Data

The historical data trend for Eternity Investment'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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Eternity Investment Inventory Turnover Chart

Eternity Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.92

2.44

2.85

2.46

2.80

Eternity Investment 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															1.48	1.23	1.24	1.27	1.46

Eternity Investment Inventory Turnover Calculation

Eternity Investment'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 )
=	98.792	/ (	(36.024	+	34.484)	/	2 )
=	98.792	/	35.254
=	2.80

Eternity Investment'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 )
=	52.245	/ (	(36.993	+	34.484)	/	2 )
=	52.245	/	35.7385
=	1.46

Eternity Investment (HKSE:00764) 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.

Eternity Investment'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
	=	35.7385	/	52.245	*	365 / 2
	=	124.84

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.

Eternity Investment'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 )
	=	35.7385	/	115.029
	=	0.31

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.

Eternity Investment Inventory Turnover Related Terms

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Eternity Investment (HKSE:00764) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Eternity Investment Ltd (HKSE:00764) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Unit 1211, Shun Tak Centre, West Tower, Hong Kong, HKG

Website

http://www.eternityinv.com.hk

Eternity Investment Ltd is an investment holding company. The company along with its subsidiaries is engaged in the sale of jewelry products. It operates in four segments Property investment, Sale of financial assets, Moneylending, and Design and sale of jewelry products, and precious stones segment. It generates the highest revenue from the money lending business. The company has a global presence with the majority of the revenue generated from Hong Kong.

Executives

Chu Yuet Wah	2201 Interest of corporation controlled by you
Silver Pacific Development Limited	2201 Interest of corporation controlled by you
Twin Success International Limited	2101 Beneficial owner
Guan Jian	2201 Interest of corporation controlled by you
Lei Hong Wai	2101 Beneficial owner
Cheung Kwok Wai Elton	2101 Beneficial owner
Silver Pacific International Limited	2201 Interest of corporation controlled by you
Ample Cheer Limited	2201 Interest of corporation controlled by you
Kingston Finance Limited	2106 Person having a security interest in shares

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