International Entertainment (HKSE:01009) Inventory Turnover : 20.23 (As of Jun. 2024)

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What is International Entertainment 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. International Entertainment's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$59.2 Mil. International Entertainment's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$2.9 Mil. International Entertainment's Inventory Turnover for the quarter that ended in Jun. 2024 was 20.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. International Entertainment's Days Inventory for the six months ended in Jun. 2024 was 9.02.

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. International Entertainment's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.02.

International Entertainment Inventory Turnover Historical Data

The historical data trend for International Entertainment'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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International Entertainment Inventory Turnover Chart

International Entertainment Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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33.43

37.24

48.07

58.97

33.18

International Entertainment Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															25.27	30.34	30.73	33.30	20.23

International Entertainment Inventory Turnover Calculation

International Entertainment's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	97.356	/ (	(1.152	+	4.716)	/	2 )
=	97.356	/	2.934
=	33.18

International Entertainment's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	59.223	/ (	(1.138	+	4.716)	/	2 )
=	59.223	/	2.927
=	20.23

International Entertainment (HKSE:01009) 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.

International Entertainment's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	2.927	/	59.223	*	365 / 2
	=	9.02

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.

International Entertainment's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	2.927	/	124.652
	=	0.02

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.

International Entertainment Inventory Turnover Related Terms

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International Entertainment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » International Entertainment Corp (HKSE:01009) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 71 Des Voeux Road Central, Units 2109-10, 21st Floor, Wing On House, Hong Kong, HKG

Website

http://www.ientcorp.com

International Entertainment Corp is engaged in gaming operation, hotel operation, and live events. The reportable segments of the company are Hotel Operation, Gaming Operation, and Live Events. The majority of its revenue is derived from the Gaming Operation segment which represents the leasing of properties equipped with entertainment equipment at the hotel complex of the Group in the Philippines with participation in casino operations and the gaming business acquired by the company. The Hotel Operation segment represents the operation of the hotel business in the Philippines, and the Live Events segment represents the operation of live poker events business. Geographically, it derives key revenue from the Philippines.

Executives

Eriska Investment Fund Ltd	2101 Beneficial owner
Tang Yuk Fan	2201 Interest of corporation controlled by you
Ag Investment Management Company Limited	2201 Interest of corporation controlled by you
Excite Investments Holdings Limited	2201 Interest of corporation controlled by you
Excite Opportunity Fund L.p.	2101 Beneficial owner
Glorious Future Fund Spc	2201 Interest of corporation controlled by you
Ho Wong Meng	2201 Interest of corporation controlled by you

International Entertainment Headlines

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