Kelfred Holdings (HKSE:01134) Inventory Turnover : 2.45 (As of Dec. 2023)

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What is Kelfred 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. Kelfred Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$174.5 Mil. Kelfred Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$71.2 Mil. Kelfred Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kelfred Holdings's Days Inventory for the six months ended in Dec. 2023 was 74.47.

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. Kelfred Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.36.

Kelfred Holdings Inventory Turnover Historical Data

The historical data trend for Kelfred 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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Kelfred Holdings Inventory Turnover Chart

Kelfred Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.02

4.40

5.22

5.13

4.61

Kelfred Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial									2.81	2.58	2.38	2.33	2.45

Kelfred Holdings Inventory Turnover Calculation

Kelfred Holdings'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 )
=	336.305	/ (	(71.183	+	74.764)	/	2 )
=	336.305	/	72.9735
=	4.61

Kelfred Holdings'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 )
=	174.479	/ (	(67.631	+	74.764)	/	2 )
=	174.479	/	71.1975
=	2.45

Kelfred Holdings (HKSE:01134) 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.

Kelfred Holdings'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
	=	71.1975	/	174.479	*	365 / 2
	=	74.47

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.

Kelfred Holdings'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 )
	=	71.1975	/	198.202
	=	0.36

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.

Kelfred Holdings Inventory Turnover Related Terms

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Kelfred Holdings (HKSE:01134) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Kelfred Holdings Ltd (HKSE:01134) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 On Ping Street, Workshops 1605-1606, 16th Floor, Block B, New Trade Plaza, Sha Tin, New Territories, Hong Kong, HKG

Website

https://www.kelfred.com.hk

Kelfred Holdings Ltd is an eyewear manufacturer in the PRC and Hong Kong. It manufactures and sells a wide range of spectacle frames and sunglasses mainly through original design manufacturing and original equipment manufacturing business models. It offers integrated and customized services which include product design and development, raw materials procurement, production, quality control, packaging, and delivery. In addition to the traditional OEM and ODM business models, the group also offers its original brand manufacturing (OBM) products under the brand Miga. The group operates in Italy, United Kingdom, Netherlands, Hong Kong, France, Spain, Japan, Hungary, the United States, and others.

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