Greatime International Holdings (HKSE:00844) Inventory Turnover : 2.92 (As of Dec. 2023)

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What is Greatime International 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. Greatime International Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$226.6 Mil. Greatime International Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$77.7 Mil. Greatime International Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Greatime International Holdings's Days Inventory for the six months ended in Dec. 2023 was 62.58.

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. Greatime International Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.27.

Greatime International Holdings Inventory Turnover Historical Data

The historical data trend for Greatime International 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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Greatime International Holdings Inventory Turnover Chart

Greatime International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.20

5.47

4.86

4.50

5.80

Greatime International Holdings 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															2.45	1.77	2.10	2.73	2.92

Greatime International Holdings Inventory Turnover Calculation

Greatime International 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 )
=	440.982	/ (	(76.8	+	75.174)	/	2 )
=	440.982	/	75.987
=	5.80

Greatime International Holdings'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 )
=	226.646	/ (	(80.271	+	75.174)	/	2 )
=	226.646	/	77.7225
=	2.92

Greatime International Holdings (HKSE:00844) 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.

Greatime International Holdings'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
	=	77.7225	/	226.646	*	365 / 2
	=	62.58

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.

Greatime International Holdings'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 )
	=	77.7225	/	292.482
	=	0.27

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.

Greatime International Holdings Inventory Turnover Related Terms

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Greatime International Holdings (HKSE:00844) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Greatime International Holdings Ltd (HKSE:00844) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 102 Renmin Dong Road, Shandong Province, Zhucheng, CHN

Website

http://www.greatimeintl.com

Greatime International Holdings Ltd is a Hong Kong-based investment holding company principally engaged in the manufacture and sales of innerwear and fabrics. The company's operating segment includes Innerwear Products segment and Knitted Fabrics segment. Innerwear Products segment is engaged in the manufacturing and sale of and provision of processing services on innerwear and garments. Its products include underwear and underpants for men and women and bibs for infants, among others. Knitted Fabrics segment is engaged in the manufacturing and sale of and provision of processing services on knitted fabrics. The company operates businesses in Japan, the People's Republic of China, United States, Africa, Italy, Myanmar, and Hong Kong.

Executives

Wang Guangxi
Nan Jing Yong Tai Qi Ye Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Yong Tai Ke Ji Tou Zi You Xian Gong Si
Yong Tai Ji Tuan You Xian Gong Si Yong Tai Kong Gu Ji Tuan You Xian Gong Si
Junfun Investment Limited	2101 Beneficial owner
Guo Tianshu
Joint Full International Limited

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