Kingwell Group (HKSE:01195) Inventory Turnover : 0.20 (As of Jun. 2023)

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What is Kingwell 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. Kingwell Group's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$22.74 Mil. Kingwell Group's Average Total Inventories for the quarter that ended in Jun. 2023 was HK$115.97 Mil. Kingwell Group's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kingwell Group's Days Inventory for the six months ended in Jun. 2023 was 930.87.

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. Kingwell Group's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 3.00.

Kingwell Group Inventory Turnover Historical Data

The historical data trend for Kingwell 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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Kingwell Group Inventory Turnover Chart

Kingwell Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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0.56

0.69

0.54

0.25

0.48

Kingwell Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.09	0.18	0.29	0.20	0.27

Kingwell Group Inventory Turnover Calculation

Kingwell Group's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	56.657	/ (	(123.042	+	114.769)	/	2 )
=	56.657	/	118.9055
=	0.48

Kingwell Group's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	22.737	/ (	(117.179	+	114.769)	/	2 )
=	22.737	/	115.974
=	0.20

Kingwell Group (HKSE:01195) 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.

Kingwell Group's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	115.974	/	22.737	*	365 / 2
	=	930.87

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.

Kingwell Group's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	115.974	/	38.697
	=	3.00

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.

Kingwell Group Inventory Turnover Related Terms

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Kingwell Group (HKSE:01195) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kingwell Group Ltd (HKSE:01195) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

62 Mody Road, Units 314-315, Wing On Plaza, Tsim Sha Tsui East, Kowloon, Hong Kong, HKG

Website

https://kingwell.todayir.com

Kingwell Group Ltd is engaged in the property development business. It operates under two main segments. The gold mining segment engages in the production and sale of gold; and the property development, property leasing, and property management services segment engages in the development of villas, apartments, and commercial buildings, property leasing of self-owned properties, the sale of carpark spaces and the provision of property management services and construction services. The company derives majority of its revenue from the property development, property leasing, and property management services segment.

Executives

Union Day Group Limited	2201 Interest of corporation controlled by you
Du Yun	2201 Interest of corporation controlled by you
Mu Dongsheng	2101 Beneficial owner
Yin Jiatang	2101 Beneficial owner

Kingwell Group (HKSE:01195) Headlines

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