Edensoft Holdings (HKSE:01147) Inventory Turnover : 4.56 (As of Dec. 2024)

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What is Edensoft 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. Edensoft Holdings's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$618 Mil. Edensoft Holdings's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$136 Mil. Edensoft Holdings's Inventory Turnover for the quarter that ended in Dec. 2024 was 4.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Edensoft Holdings's Days Inventory for the six months ended in Dec. 2024 was 40.06.

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. Edensoft Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.20.

Edensoft Holdings Inventory Turnover Historical Data

The historical data trend for Edensoft 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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Edensoft Holdings Inventory Turnover Chart

Edensoft Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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12.87

12.39

10.60

9.85

9.61

Edensoft Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial										4.45	6.68	3.68	3.95	4.56

Edensoft Holdings Inventory Turnover Calculation

Edensoft Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	1089.312	/ (	(98.21	+	128.417)	/	2 )
=	1089.312	/	113.3135
=	9.61

Edensoft Holdings's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	617.668	/ (	(142.725	+	128.417)	/	2 )
=	617.668	/	135.571
=	4.56

Edensoft Holdings (HKSE:01147) 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.

Edensoft Holdings's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	135.571	/	617.668	*	365 / 2
	=	40.06

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.

Edensoft Holdings's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	135.571	/	671.541
	=	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.

Edensoft Holdings Inventory Turnover Related Terms

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Edensoft Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Edensoft Holdings Ltd (HKSE:01147) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Hua Fu Street, 1006 Shennan Road, West, 2nd Floor, Building A, Futian Technology Square, Shenzhen International Innovation Center, Futian District, Shenzhen, CHN

Website

https://www.edensoft.com.cn

Edensoft Holdings Ltd is engaged in provision of IT infrastructure services, IT implementation and support services, and cloud services in the PRC. Its segment includes IT infrastructure services; IT implementation and supporting services; and Cloud services. It derives key revenue from the IT infrastructure services segment that assesses customers' needs and their existing IT environment and provides IT infrastructure services by advising them on the suitable hardware and software products that their IT environment would require, and procuring the relevant hardware and software products from IT products vendors and installing these IT products in customers' IT environment. It operates in Mainland China and Hong Kong, of which prime revenue is derived from Mainland China.

Executives

Ding Xinyun	2201 Interest of corporation controlled by you
Green Leaf Development Limited	2201 Interest of corporation controlled by you
Aztec Pearl Limited	2101 Beneficial owner
Cai Aaron Ding	2401 A concert party to an agreement to buy shares
Tricor Equity Trustee Limited	2301 Trustee
Yan Shi	2202 Interest of your spouse

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