China Ecotourism Group (HKSE:01371) Inventory Turnover : 1.17 (As of Dec. 2023)

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What is China Ecotourism 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. China Ecotourism Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$34.16 Mil. China Ecotourism Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$29.25 Mil. China Ecotourism Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Ecotourism Group's Days Inventory for the six months ended in Dec. 2023 was 156.26.

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 Ecotourism Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.62.

China Ecotourism Group Inventory Turnover Historical Data

The historical data trend for China Ecotourism 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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China Ecotourism Group Inventory Turnover Chart

China Ecotourism Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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5.50

4.64

5.71

7.80

5.41

China Ecotourism Group Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec23
Inventory Turnover	Get a 7-Day Free Trial															3.43	0.86	2.09	0.75	1.17

China Ecotourism Group Inventory Turnover Calculation

China Ecotourism Group's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	84.027	/ (	(9.694	+	21.347)	/	2 )
=	84.027	/	15.5205
=	5.41

China Ecotourism Group'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. 2022 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	34.16	/ (	(37.081	+	21.417)	/	2 )
=	34.16	/	29.249
=	1.17

China Ecotourism Group (HKSE:01371) 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 Ecotourism Group'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
	=	29.249	/	34.16	*	365 / 2
	=	156.26

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 Ecotourism Group'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 )
	=	29.249	/	47.457
	=	0.62

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 Ecotourism Group Inventory Turnover Related Terms

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China Ecotourism Group (HKSE:01371) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » China Ecotourism Group Ltd (HKSE:01371) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

WORA:Germany

Address

39 Yip Kan Street, Unit 1801, 18th Floor, Landmark South, Wong Chuk Hang, Hong Kong, HKG

Website

https://www.ecotourgroup.com

China Ecotourism Group Ltd is an investment holding company. Along with its subsidiaries, the firm is engaged in the business of the provision of technology and services for lottery systems, terminal equipment, and gaming products and their operations in China's lottery market. It offers various lottery products ranging from video lottery, computer ticket games, and KENO-type lottery. The segments of the group are Lottery systems, terminal equipment, and related products, which is the key revenue-generating segment; and Natural and health food. It has a business presence in the PRC, Hong Kong, and Others of which a majority of revenue is derived from the PRC.

Executives

China Carbon Neutral Development Group Limited	2101 Beneficial owner
Lau Ting
Cao Junsheng	2201 Interest of corporation controlled by you
Mao Yuan Capital Limited	2101 Beneficial owner
Chan Shing	2202 Interest of your spouse
Favor King Limited

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