Magnus Concordia Group (HKSE:01172) Inventory Turnover : 0.40 (As of Sep. 2023)

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What is Magnus Concordia 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. Magnus Concordia Group's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$145.3 Mil. Magnus Concordia Group's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$360.6 Mil. Magnus Concordia Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Magnus Concordia Group's Days Inventory for the six months ended in Sep. 2023 was 452.75.

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. Magnus Concordia Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 2.05.

Magnus Concordia Group Inventory Turnover Historical Data

The historical data trend for Magnus Concordia 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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Magnus Concordia Group Inventory Turnover Chart

Magnus Concordia Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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1.61

0.17

0.81

1.09

0.60

Magnus Concordia 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															0.08	1.00	0.18	0.46	0.40

Magnus Concordia Group Inventory Turnover Calculation

Magnus Concordia Group's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	358.739	/ (	(768.215	+	421.405)	/	2 )
=	358.739	/	594.81
=	0.60

Magnus Concordia 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 )
=	145.341	/ (	(421.405	+	299.728)	/	2 )
=	145.341	/	360.5665
=	0.40

Magnus Concordia Group (HKSE:01172) 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.

Magnus Concordia 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
	=	360.5665	/	145.341	*	365 / 2
	=	452.75

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.

Magnus Concordia 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 )
	=	360.5665	/	175.981
	=	2.05

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.

Magnus Concordia Group Inventory Turnover Related Terms

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Magnus Concordia Group (HKSE:01172) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Magnus Concordia Group Ltd (HKSE:01172) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

139 Hennessy Road, Units D & E, 20 Floor, China Overseas Building, Wanchai, Hong Kong, HKG

Website

https://www.mcgrouphk.com

Magnus Concordia Group Ltd is an investment holding company. The company's business divisions are Printing business, Property investment, Property Development, and Treasury where the printing business division includes the manufacture and sale of printed products including art books, packaging boxes, and children's books. property investment segment covers the investment and leasing of real estate properties, the Property development segment covers the development, sale, and trading of real estate properties, and the Treasury business involves the investment and trading of debts, equity, and other treasury instruments. The company earns its maximum revenue from property development and has a presence in Hong Kong, the United States, the UK, France, Mainland China, and other countries.

Executives

Sfund International Investment Fund Management Limited	2201 Interest of corporation controlled by you
Guang Zhou Ke Ji Jin Rong Chuang Xin Tou Zi Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Zhou Chan Ye Tou Zi Ji Jin Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Zhou Hui Yin Tian Yue Gu Quan Tou Zi Ji Jin Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Zhou Shi Cheng Shi Jian She Tou Zi Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhang Jing	2201 Interest of corporation controlled by you
Zeng Dazhang	2201 Interest of corporation controlled by you
Xinsheng International Holding Limited	2201 Interest of corporation controlled by you
Wang Xiqiang	2201 Interest of corporation controlled by you
Shining Orient Investment Limited	2201 Interest of corporation controlled by you
Ally Cosmo Group Limited	2201 Interest of corporation controlled by you
Qingda Developments Limited	2101 Beneficial owner
Pioneer Fund Limited Partnership	2201 Interest of corporation controlled by you
New Element Investments Limited	2201 Interest of corporation controlled by you
Li Li	2201 Interest of corporation controlled by you

Magnus Concordia Group (HKSE:01172) Headlines

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