Lerado Financial Group Co (HKSE:01225) Inventory Turnover : 2.10 (As of Dec. 2023)

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What is Lerado Financial Group Co 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. Lerado Financial Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$29.3 Mil. Lerado Financial Group Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$14.0 Mil. Lerado Financial Group Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lerado Financial Group Co's Days Inventory for the six months ended in Dec. 2023 was 87.08.

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. Lerado Financial Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.13.

Lerado Financial Group Co Inventory Turnover Historical Data

The historical data trend for Lerado Financial Group Co'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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Lerado Financial Group Co Inventory Turnover Chart

Lerado Financial Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.52

3.42

3.22

3.45

4.43

Lerado Financial Group Co 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															1.77	1.59	2.38	2.07	2.10

Lerado Financial Group Co Inventory Turnover Calculation

Lerado Financial Group Co'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 )
=	59.428	/ (	(13.962	+	12.871)	/	2 )
=	59.428	/	13.4165
=	4.43

Lerado Financial Group Co'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 )
=	29.332	/ (	(15.119	+	12.871)	/	2 )
=	29.332	/	13.995
=	2.10

Lerado Financial Group Co (HKSE:01225) 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.

Lerado Financial Group Co'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
	=	13.995	/	29.332	*	365 / 2
	=	87.08

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.

Lerado Financial Group Co'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 )
	=	13.995	/	111.62
	=	0.13

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.

Lerado Financial Group Co Inventory Turnover Related Terms

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Lerado Financial Group Co (HKSE:01225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Lerado Financial Group Co Ltd (HKSE:01225) » Definitions » Inventory Turnover

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Address

59-67 Bonham Strand West, Flat F&G, 4th Floor., Golden Sun Centre, Sheung Wan, Hong Kong, HKG

Website

http://www.lerado.com

Lerado Financial Group Co Ltd is an investment holding company. It is engaged in providing financial services including, securities broking, margin financing, and money lending as well as manufacturing and distributing children's plastic toys and medical care products like mobility aid and other medical equipment. The operating segments of the group are Medical products and plastic toys business; Securities brokerage business and asset management services; and Money lending business and other financial services. It derives key revenue from the Medical products and plastic toys business segment which involves the manufacturing and distribution of medical care products and plastic toys. It has a business presence in Hong Kong, Europe, the U.S., the PRC, Australia, South America, and others.

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