Suga International Holdings (HKSE:00912) Inventory Turnover : 2.32 (As of Sep. 2024)

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What is Suga 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. Suga International Holdings's Cost of Goods Sold for the six months ended in Sep. 2024 was HK$596 Mil. Suga International Holdings's Average Total Inventories for the quarter that ended in Sep. 2024 was HK$257 Mil. Suga International Holdings's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Suga International Holdings's Days Inventory for the six months ended in Sep. 2024 was 78.77.

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. Suga International Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.37.

Suga International Holdings Inventory Turnover Historical Data

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

Suga International Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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5.14

6.00

4.01

2.82

3.42

Suga International Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.42	1.39	1.62	1.93	2.32

Suga International Holdings Inventory Turnover Calculation

Suga International Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	1197.026	/ (	(425.53	+	273.739)	/	2 )
=	1197.026	/	349.6345
=	3.42

Suga International Holdings's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	595.996	/ (	(273.739	+	240.731)	/	2 )
=	595.996	/	257.235
=	2.32

Suga International Holdings (HKSE:00912) 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.

Suga International Holdings's Days Inventory for the six months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	257.235	/	595.996	*	365 / 2
	=	78.77

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.

Suga International Holdings's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	257.235	/	694.741
	=	0.37

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.

Suga International Holdings Inventory Turnover Related Terms

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Suga International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Suga International Holdings Ltd (HKSE:00912) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 1 Wang Kwong Road, 22nd Floor, Tower B, Billion Centre, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

http://www.suga.com.hk

Suga International Holdings Ltd is an investment holding company. The company through its subsidiaries, is engaged in the research and development, manufacture, and sale of electronic and other products, and sale of pet food and pet related products. Its operating segments are; Electronic products and Pet related products. The company generates maximum revenue from the Electronic products segment which offers professional audio equipment, an asset tracker with IoT technology; telephones for the hearing impaired; telecommunication products, general household consumer appliances, and electronic payment products. Geographically, it derives a majority of its revenue from the United States of America followed by the People's Republic of China, Japan, France, Australia, and other countries.

Executives

Ng Man Cheuk	2101 Beneficial owner
Lee Wai Fun	2101 Beneficial owner
Ng Chi Ho	2101 Beneficial owner
Billion Linkage Limited
Superior View Inc.	2101 Beneficial owner

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