Virtual Mind Holding Co (HKSE:01520) Inventory Turnover : 5.22 (As of Dec. 2024)

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What is Virtual Mind Holding 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. Virtual Mind Holding Co's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$96.2 Mil. Virtual Mind Holding Co's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$18.4 Mil. Virtual Mind Holding Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 5.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Virtual Mind Holding Co's Days Inventory for the six months ended in Dec. 2024 was 34.95.

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. Virtual Mind Holding Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.18.

Virtual Mind Holding Co Inventory Turnover Historical Data

The historical data trend for Virtual Mind Holding 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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Virtual Mind Holding Co Inventory Turnover Chart

Virtual Mind Holding Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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6.64

11.24

12.01

7.35

11.20

Virtual Mind Holding Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															9.19	3.62	3.65	1.52	5.22

Virtual Mind Holding Co Inventory Turnover Calculation

Virtual Mind Holding Co's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	120.568	/ (	(8.435	+	13.1)	/	2 )
=	120.568	/	10.7675
=	11.20

Virtual Mind Holding Co's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	96.159	/ (	(23.732	+	13.1)	/	2 )
=	96.159	/	18.416
=	5.22

Virtual Mind Holding Co (HKSE:01520) 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.

Virtual Mind Holding Co's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	18.416	/	96.159	*	365 / 2
	=	34.95

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.

Virtual Mind Holding Co's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	18.416	/	99.665
	=	0.18

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.

Virtual Mind Holding Co Inventory Turnover Related Terms

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Virtual Mind Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Virtual Mind Holding Co Ltd (HKSE:01520) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

538 Castle Peak Road, Room 2511-15, 25 Floor, Peninsula Tower, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.vmh.com.hk

Virtual Mind Holding Co Ltd is engaged in designing, manufacturing, and trading apparel; provision of money lending business, namely money lending operation; selling of gaming and animated characters related products, namely IP application and products operation. It offers women's fashion outerwear such as coats and jackets, dresses, activewear, and pants. Majority of the revenue is generated from the Design, manufacture, and trading of the apparel segment. Geographically, it derives the majority of its revenue from The PRC and also has a presence in Hong Kong and The USA.

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