V.S. International Group (HKSE:01002) Inventory Turnover : 0.38 (As of Jul. 2024)

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What is V.S. International Group 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. V.S. International Group's Cost of Goods Sold for the six months ended in Jul. 2024 was HK$17.22 Mil. V.S. International Group's Average Total Inventories for the quarter that ended in Jul. 2024 was HK$45.70 Mil. V.S. International Group's Inventory Turnover for the quarter that ended in Jul. 2024 was 0.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. V.S. International Group's Days Inventory for the six months ended in Jul. 2024 was 484.26.

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. V.S. International Group's Inventory-to-Revenue for the quarter that ended in Jul. 2024 was 2.19.

V.S. International Group Inventory Turnover Historical Data

The historical data trend for V.S. International Group'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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V.S. International Group Inventory Turnover Chart

V.S. International Group Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Inventory Turnover

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11.23

8.56

5.35

5.06

1.06

V.S. International Group Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Inventory Turnover	Get a 7-Day Free Trial															2.01	2.18	3.00	8.27	0.38

V.S. International Group Inventory Turnover Calculation

V.S. International Group's Inventory Turnover for the fiscal year that ended in Jul. 2024 is calculated as

	Inventory Turnover (A: Jul. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2024 )	/ (	(Total Inventories (A: Jul. 2023 )	+	Total Inventories (A: Jul. 2024 ))	/	count )
=	52.953	/ (	(8.763	+	91.391)	/	2 )
=	52.953	/	50.077
=	1.06

V.S. International Group's Inventory Turnover for the quarter that ended in Jul. 2024 is calculated as

	Inventory Turnover (Q: Jul. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jul. 2024 )	/ (	(Total Inventories (Q: Jan. 2024 )	+	Total Inventories (Q: Jul. 2024 ))	/	count )
=	17.221	/ (	(1.7763568394003E-15	+	91.391)	/	2 )
=	17.221	/	45.6955
=	0.38

V.S. International Group (HKSE:01002) 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.

V.S. International Group's Days Inventory for the six months ended in Jul. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2024 )	/	Cost of Goods Sold (Q: Jul. 2024 )	*	Days in Period
	=	45.6955	/	17.221	*	365 / 2
	=	484.26

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.

V.S. International Group's Inventory to Revenue for the quarter that ended in Jul. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2024 )	/	Revenue (Q: Jul. 2024 )
	=	45.6955	/	20.823
	=	2.19

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.

V.S. International Group Inventory Turnover Related Terms

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V.S. International Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » V.S. International Group Ltd (HKSE:01002) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Connaught Place, 40th Floor, Jardine House, Central, Hong kong, HKG

Website

http://www.vs-ig.com

V.S. International Group Ltd is an investment holding company. It is engaged in the plastic injection and moulding business. It operates in three segments. The Plastic injection and moulding segment, which is the key revenue driver, manufactures and sells plastic moulded products and parts; the Assembling of electronic products segment assembles and sells electronic products, this segment also includes processing fees generated from assembling electronic products; the Mould design and fabrication segment manufactures and sells plastic injection moulds.

Executives

V.s. Industry Berhad	2101 Beneficial owner
Lui Chong Huat	2101 Beneficial owner
Wan Poh Ping	2202 Interest of your spouse
Beh Kim Ling	2101 Beneficial owner
B&e Holding Limited	2101 Beneficial owner
Beh Kim Siea	2201 Interest of corporation controlled by you

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