Miricor Enterprises Holdings (HKSE:01827) Inventory Turnover : 2.81 (As of Sep. 2023)

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What is Miricor Enterprises 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. Miricor Enterprises Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$118.5 Mil. Miricor Enterprises Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$42.2 Mil. Miricor Enterprises Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Miricor Enterprises Holdings's Days Inventory for the six months ended in Sep. 2023 was 64.96.

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. Miricor Enterprises Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.18.

Miricor Enterprises Holdings Inventory Turnover Historical Data

The historical data trend for Miricor Enterprises 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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Miricor Enterprises Holdings Inventory Turnover Chart

Miricor Enterprises Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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11.35

8.92

5.89

5.92

5.91

Miricor Enterprises Holdings Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial												2.95	2.38	2.44	2.96	2.81

Miricor Enterprises Holdings Inventory Turnover Calculation

Miricor Enterprises Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	224.89	/ (	(37.969	+	38.194)	/	2 )
=	224.89	/	38.0815
=	5.91

Miricor Enterprises Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	118.529	/ (	(38.194	+	46.192)	/	2 )
=	118.529	/	42.193
=	2.81

Miricor Enterprises Holdings (HKSE:01827) 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.

Miricor Enterprises Holdings's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	42.193	/	118.529	*	365 / 2
	=	64.96

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.

Miricor Enterprises Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	42.193	/	237.01
	=	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.

Miricor Enterprises Holdings Inventory Turnover Related Terms

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Miricor Enterprises Holdings (HKSE:01827) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Miricor Enterprises Holdings Ltd (HKSE:01827) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Connaught Road Central, 18th Floor, Nan Fung Tower, Central, Hong Kong, HKG

Website

http://www.miricor.com

Miricor Enterprises Holdings Ltd is an investment holding company. The company is engaged in the provision of medical aesthetic services and the sale of skin care products. The company's only operating segment is the non-surgical medical aesthetic services and is principally engaged in the provision of medical aesthetic services and the sale of skin care products in Hong Kong and Mainland China. Geographically, it operates and derives revenue from Hong Kong.

Executives

Meitu, Inc.	2101 Beneficial owner
Sunny Bright Group Holdings Limited	2101 Beneficial owner
Lai Ka Yee Gigi	2201 Interest of corporation controlled by you
Ma Ting Keung Patrick	2201 Interest of corporation controlled by you

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