Qeeka Home (Cayman) (HKSE:01739) Inventory Turnover : 125.41 (As of Dec. 2023)

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What is Qeeka Home (Cayman) 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. Qeeka Home (Cayman)'s Cost of Goods Sold for the six months ended in Dec. 2023 was HK$489 Mil. Qeeka Home (Cayman)'s Average Total Inventories for the quarter that ended in Dec. 2023 was HK$4 Mil. Qeeka Home (Cayman)'s Inventory Turnover for the quarter that ended in Dec. 2023 was 125.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Qeeka Home (Cayman)'s Days Inventory for the six months ended in Dec. 2023 was 1.46.

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. Qeeka Home (Cayman)'s Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Qeeka Home (Cayman) Inventory Turnover Historical Data

The historical data trend for Qeeka Home (Cayman)'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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Qeeka Home (Cayman) Inventory Turnover Chart

Qeeka Home (Cayman) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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13.43

51.08

164.93

135.72

192.17

Qeeka Home (Cayman) 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											88.11	54.50	65.59	92.17	125.41

Qeeka Home (Cayman) Inventory Turnover Calculation

Qeeka Home (Cayman)'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 )
=	756.388	/ (	(2.943	+	4.929)	/	2 )
=	756.388	/	3.936
=	192.17

Qeeka Home (Cayman)'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 )
=	488.719	/ (	(2.865	+	4.929)	/	2 )
=	488.719	/	3.897
=	125.41

Qeeka Home (Cayman) (HKSE:01739) 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.

Qeeka Home (Cayman)'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
	=	3.897	/	488.719	*	365 / 2
	=	1.46

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.

Qeeka Home (Cayman)'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 )
	=	3.897	/	754.727
	=	0.01

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.

Qeeka Home (Cayman) Inventory Turnover Related Terms

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Qeeka Home (Cayman) (HKSE:01739) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Qeeka Home (Cayman) Inc (HKSE:01739) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 1926, Cao An Highway, Building 1, Jiading District, Shanghai, CHN

Website

https://www.qeeka.com

Qeeka Home (Cayman) Inc is a provider of SaaS solution in the Interior design and construction industry in China. The principal activities of the Group are the provision of SaaS based total marketing solution (SaaS), provision of targeted marketing services and inspection services (Marketing Service); provision of building and home decoration material supply chain services (Supply Chain Services); provision of interior design and construction service and licensing its brand to business partners and others (Interior Design and Construction); and the provision of other initiative services (Innovation and others). All the revenue of the group was generated in the PRC.

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