Elegance Optical International Holdings (HKSE:00907) Inventory Turnover : 162.04 (As of Sep. 2023)

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What is Elegance Optical 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. Elegance Optical International Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$8.67 Mil. Elegance Optical International Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$0.05 Mil. Elegance Optical International Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 162.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Elegance Optical International Holdings's Days Inventory for the six months ended in Sep. 2023 was 1.13.

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. Elegance Optical International Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.01.

Elegance Optical International Holdings Inventory Turnover Historical Data

The historical data trend for Elegance Optical 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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Elegance Optical International Holdings Inventory Turnover Chart

Elegance Optical International Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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15.47

7.07

6.92

2.17

5.53

Elegance Optical International Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															6.50	-3.70	0.97	9.64	162.04

Elegance Optical International Holdings Inventory Turnover Calculation

Elegance Optical International Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	15.335	/ (	(5.483	+	0.062)	/	2 )
=	15.335	/	2.7725
=	5.53

Elegance Optical International Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	8.669	/ (	(0.062	+	0.045)	/	2 )
=	8.669	/	0.0535
=	162.04

Elegance Optical International Holdings (HKSE:00907) 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.

Elegance Optical International Holdings's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0.0535	/	8.669	*	365 / 2
	=	1.13

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.

Elegance Optical International Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.0535	/	10.296
	=	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.

Elegance Optical International Holdings Inventory Turnover Related Terms

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Elegance Optical International Holdings (HKSE:00907) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Elegance Optical International Holdings Ltd (HKSE:00907) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

145 Hennessy Road, On Hong Commercial Building, Room 22, 22nd Floor, Wanchai, Hong Kong, HKG

Website

http://www.elegance-group.com

Elegance Optical International Holdings Ltd and its subsidiaries are the manufacturers and sellers of optical frames and sunglasses. Its operating segments include Manufacturing and trading engaged in the manufacture and trading of optical frames and sunglasses; the Property investment segment is involved in leasing properties for rental income; the Debts and securities investment segment engaged in investments in financial instruments and quoted shares; Film investment and distribution segment engaged in film right and movie distributions; and Energy business. It derives key revenue from the Manufacturing and trading segment. It operates in Europe, America, the PRC (including Hong Kong), and other countries.

Executives

Albert Yeung Capital Holdings Limited	2201 Interest of corporation controlled by you
Cdm Trust & Board Services Ag	2301 Trustee
Emperor Capital Group Limited	2201 Interest of corporation controlled by you
Emperor Securities Limited	2101 Beneficial owner
Luk Siu Man, Semon	2202 Interest of your spouse
Yeung Sau Shing, Albert	2307 Founder of a discretionary trust who can infl
Wong Chong Fai	2101 Beneficial owner
Kitchell Osman Bin	2101 Beneficial owner
Wong Hoi Fung	2101 Beneficial owner

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