Left Field Printing Group (HKSE:01540) Inventory Turnover : 2.40 (As of Dec. 2023)

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What is Left Field Printing 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. Left Field Printing Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$226.6 Mil. Left Field Printing Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$94.3 Mil. Left Field Printing Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Left Field Printing Group's Days Inventory for the six months ended in Dec. 2023 was 75.92.

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. Left Field Printing Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.32.

Left Field Printing Group Inventory Turnover Historical Data

The historical data trend for Left Field Printing 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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Left Field Printing Group Inventory Turnover Chart

Left Field Printing Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.73

5.94

6.66

6.08

4.96

Left Field Printing Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial											3.48	2.85	3.28	2.35	2.40

Left Field Printing Group Inventory Turnover Calculation

Left Field Printing Group'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 )
=	444.423	/ (	(87.854	+	91.17)	/	2 )
=	444.423	/	89.512
=	4.96

Left Field Printing 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. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	226.563	/ (	(97.333	+	91.17)	/	2 )
=	226.563	/	94.2515
=	2.40

Left Field Printing Group (HKSE:01540) 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.

Left Field Printing 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
	=	94.2515	/	226.563	*	365 / 2
	=	75.92

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.

Left Field Printing 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 )
	=	94.2515	/	294.269
	=	0.32

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.

Left Field Printing Group Inventory Turnover Related Terms

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Left Field Printing Group (HKSE:01540) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Left Field Printing Group Ltd (HKSE:01540) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

123 Hoi Bun Road, Level 11 East Wing, NEO, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.leftfieldprinting.com

Left Field Printing Group Ltd is a printing solutions and services provider. Its printing process and services cover printing solution consultation, production planning and scheduling, pre-press, offset printing, digital printing, post-press, quality check, packaging, and delivery. Printed products offered by the company include read-for-pleasure books; government printed matters; quick turnaround time education books; catalogs, operating manuals, and promotional leaflets. It also provides printing related services, such as warehousing and direct mailing, call center services, and ancillary services. Geographically the company provides services in Australia.

Executives

Lau Chuk Kin	2101 Beneficial owner
Er2 Holdings Limited	2201 Interest of corporation controlled by you
City Apex Ltd.	2201 Interest of corporation controlled by you
1010 Group Limited	2201 Interest of corporation controlled by you
Bookbuilders Bvi Limited	2101 Beneficial owner
Lion Rock Group Limited	2201 Interest of corporation controlled by you
Webb David Michael	2201 Interest of corporation controlled by you
Celarc Richard Francis	2501 Other

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