Water Oasis Group (HKSE:01161) Inventory Turnover : 0.85 (As of Sep. 2023)

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What is Water Oasis 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. Water Oasis Group's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$43.6 Mil. Water Oasis Group's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$51.1 Mil. Water Oasis Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Water Oasis Group's Days Inventory for the six months ended in Sep. 2023 was 213.58.

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. Water Oasis Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.11.

Water Oasis Group Inventory Turnover Historical Data

The historical data trend for Water Oasis 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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Water Oasis Group Inventory Turnover Chart

Water Oasis Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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1.49

1.15

1.13

1.50

1.61

Water Oasis Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.70	0.80	0.58	0.81	0.85

Water Oasis Group Inventory Turnover Calculation

Water Oasis Group's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	95.653	/ (	(72.293	+	46.594)	/	2 )
=	95.653	/	59.4435
=	1.61

Water Oasis Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	43.627	/ (	(55.519	+	46.594)	/	2 )
=	43.627	/	51.0565
=	0.85

Water Oasis Group (HKSE:01161) 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.

Water Oasis Group's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	51.0565	/	43.627	*	365 / 2
	=	213.58

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.

Water Oasis Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	51.0565	/	484.615
	=	0.11

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.

Water Oasis Group Inventory Turnover Related Terms

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Water Oasis Group (HKSE:01161) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Water Oasis Group Ltd (HKSE:01161) » Definitions » Inventory Turnover

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WOSSF:USA

Address

280 Gloucester Road, Causeway Bay, 18th Floor, World Trade Centre, Hong Kong, HKG

Website

https://www.wateroasis.com.hk

Water Oasis Group Ltd provides beauty and related wellness services. It provides general, specialist, and medical beauty services to high-end, mid-range, and mass-market consumer sectors for men and women. The firm operates through two business segments. The Product segment is mainly engaged in the retailing of skincare products under the brand names of h2o+, Erno Laszlo, and Glycel. The Services segment is engaged in the provision of services in beauty centers, spas, and medical beauty centers mainly under the brand names of Oasis Spa, Oasis Beauty, and Oasis Homme. It generates a majority of its revenue from the service segment. Geographically, the company generates a majority of its revenue from Hong Kong and Macau.

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