AEON Stores (Hong Kong) Co (HKSE:00984) Inventory Turnover : 3.57 (As of Dec. 2023)

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What is AEON Stores (Hong Kong) Co 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. AEON Stores (Hong Kong) Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$2,937 Mil. AEON Stores (Hong Kong) Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$823 Mil. AEON Stores (Hong Kong) Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AEON Stores (Hong Kong) Co's Days Inventory for the six months ended in Dec. 2023 was 51.13.

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. AEON Stores (Hong Kong) Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.20.

AEON Stores (Hong Kong) Co Inventory Turnover Historical Data

The historical data trend for AEON Stores (Hong Kong) Co'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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AEON Stores (Hong Kong) Co Inventory Turnover Chart

AEON Stores (Hong Kong) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.43

7.76

7.37

7.31

7.11

AEON Stores (Hong Kong) Co 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															3.73	3.95	3.53	3.78	3.57

AEON Stores (Hong Kong) Co Inventory Turnover Calculation

AEON Stores (Hong Kong) Co'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 )
=	6154.497	/ (	(892.697	+	837.475)	/	2 )
=	6154.497	/	865.086
=	7.11

AEON Stores (Hong Kong) Co'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 )
=	2936.804	/ (	(807.951	+	837.475)	/	2 )
=	2936.804	/	822.713
=	3.57

AEON Stores (Hong Kong) Co (HKSE:00984) 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.

AEON Stores (Hong Kong) Co'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
	=	822.713	/	2936.804	*	365 / 2
	=	51.13

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.

AEON Stores (Hong Kong) Co'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 )
	=	822.713	/	4171.026
	=	0.20

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.

AEON Stores (Hong Kong) Co Inventory Turnover Related Terms

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AEON Stores (Hong Kong) Co (HKSE:00984) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » AEON Stores (Hong Kong) Co Ltd (HKSE:00984) » Definitions » Inventory Turnover

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Traded in Other Exchanges

AVK1:Germany

Address

388 Castle Peak Road, Units 07-11, 26th Floor, CDW Building, New Territories, Tsuen Wan, Hong Kong, HKG

Website

https://www.aeonstores.com.hk

AEON Stores (Hong Kong) Co Ltd and its subsidiaries are engaged in the operation of retail stores. It offers household products, clothing and food products, among others. The company also provides facilities such as a lounge, free home delivery, free parking, gift wrapping, self-express, free ice pack, gift certificate selling, chilled lockers, trolley-lending, and customer voice services. Some of its brands are TOPVALU, HOME COORDY, iC innercasual and Kids Republic. It has two reportable segments that are Hongkong and the PRC.

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