Kingston Financial Group (HKSE:01031) Inventory Turnover : 83.82 (As of Sep. 2022)

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What is Kingston Financial 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. Kingston Financial Group's Cost of Goods Sold for the six months ended in Sep. 2022 was HK$146 Mil. Kingston Financial Group's Average Total Inventories for the quarter that ended in Sep. 2022 was HK$2 Mil. Kingston Financial Group's Inventory Turnover for the quarter that ended in Sep. 2022 was 83.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kingston Financial Group's Days Inventory for the six months ended in Sep. 2022 was 2.18.

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. Kingston Financial Group's Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 0.00.

Kingston Financial Group Inventory Turnover Historical Data

The historical data trend for Kingston Financial 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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Kingston Financial Group Inventory Turnover Chart

Kingston Financial Group Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Inventory Turnover

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292.48

290.04

272.60

187.97

205.68

Kingston Financial Group Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
Inventory Turnover	Get a 7-Day Free Trial															94.39	94.78	104.18	111.12	83.82

Kingston Financial Group Inventory Turnover Calculation

Kingston Financial Group's Inventory Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Inventory Turnover (A: Mar. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2022 )	/ (	(Total Inventories (A: Mar. 2021 )	+	Total Inventories (A: Mar. 2022 ))	/	count )
=	392.64	/ (	(2.055	+	1.763)	/	2 )
=	392.64	/	1.909
=	205.68

Kingston Financial Group's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

	Inventory Turnover (Q: Sep. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2022 )	/ (	(Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )
=	146.315	/ (	(1.763	+	1.728)	/	2 )
=	146.315	/	1.7455
=	83.82

Kingston Financial Group (HKSE:01031) 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.

Kingston Financial Group's Days Inventory for the six months ended in Sep. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2022 )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
	=	1.7455	/	146.315	*	365 / 2
	=	2.18

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.

Kingston Financial Group's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	1.7455	/	940.235
	=	0.00

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.

Kingston Financial Group Inventory Turnover Related Terms

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Kingston Financial Group (HKSE:01031) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Kingston Financial Group Ltd (HKSE:01031) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 Queen’s Road Central, 72th Floor, Central, Hong Kong, HKG

Website

https://www.kingston.com.hk

Kingston Financial Group Ltd is a financial services company operating primarily in Hong Kong and Macau. It provides a wide range of solutions, including securities brokerages, underwriting, and placements, margin and initial public offering financing, corporate finance advisory services, futures brokerages, and asset management services. The Group also provides gaming and hospitality services in Macau. Business activities for the group include undertaking the origination, structuring, and marketing of placements of equity and debt securities. Most of the company's diverse revenue mix comes increasingly from margin and IPO financing and secondarily from its security brokerage, underwriting, and placements segment.

Executives

Active Dynamic Limited	2101 Beneficial owner
Chu Yuet Wah

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