China Qidian Guofeng Holdings (HKSE:01280) Inventory Turnover : 2.61 (As of Dec. 2023)

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What is China Qidian Guofeng 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. China Qidian Guofeng Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$155.0 Mil. China Qidian Guofeng Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$59.4 Mil. China Qidian Guofeng Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Qidian Guofeng Holdings's Days Inventory for the six months ended in Dec. 2023 was 69.88.

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. China Qidian Guofeng Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.30.

China Qidian Guofeng Holdings Inventory Turnover Historical Data

The historical data trend for China Qidian Guofeng 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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China Qidian Guofeng Holdings Inventory Turnover Chart

China Qidian Guofeng Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.63

5.11

5.01

4.57

5.22

China Qidian Guofeng Holdings 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															2.31	2.05	2.21	2.46	2.61

China Qidian Guofeng Holdings Inventory Turnover Calculation

China Qidian Guofeng Holdings'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 )
=	282.264	/ (	(46.508	+	61.68)	/	2 )
=	282.264	/	54.094
=	5.22

China Qidian Guofeng Holdings'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 )
=	155.009	/ (	(57.021	+	61.68)	/	2 )
=	155.009	/	59.3505
=	2.61

China Qidian Guofeng Holdings (HKSE:01280) 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.

China Qidian Guofeng Holdings'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
	=	59.3505	/	155.009	*	365 / 2
	=	69.88

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.

China Qidian Guofeng Holdings'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 )
	=	59.3505	/	195.87
	=	0.30

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.

China Qidian Guofeng Holdings Inventory Turnover Related Terms

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China Qidian Guofeng Holdings (HKSE:01280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Qidian Guofeng Holdings Ltd (HKSE:01280) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

No. 539 Wenchang Zhong Road, 6th Floor, Huiyin Building, Jiangsu Province, Yangzhou, CHN

Website

http://www.hyjd.com

China Qidian Guofeng Holdings Ltd Formerly Qidian International Co Ltd is an investment holding company. It is engaged in the retail of household appliances, mobile phones, computers, imported and general merchandise, and the provision of maintenance and installation services for household appliances in the PRC. The operating segments of the group are Traditional business; New retail business and All other segments. Its Traditional business includes the results from sales of household appliances, mobile phones, and computers. New retail business includes the results from sales of imported and general merchandise. All other segments include the results from rendering maintenance and installation services. The company generates prime revenue from the Traditional business segment.

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