China Wantian Holdings (HKSE:01854) Inventory Turnover : 91.63 (As of Jun. 2024)

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What is China Wantian 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. China Wantian Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$217.9 Mil. China Wantian Holdings's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$2.4 Mil. China Wantian Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 91.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Wantian Holdings's Days Inventory for the six months ended in Jun. 2024 was 1.99.

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 Wantian Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.01.

China Wantian Holdings Inventory Turnover Historical Data

The historical data trend for China Wantian 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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China Wantian Holdings Inventory Turnover Chart

China Wantian Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Inventory Turnover

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208.27

147.67

168.36

208.84

232.01

China Wantian Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Jun24
Inventory Turnover	Get a 7-Day Free Trial														106.05	108.02	62.74	43.47	91.63

China Wantian Holdings Inventory Turnover Calculation

China Wantian Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Inventory Turnover (A: Mar. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2022 )	/ (	(Total Inventories (A: Mar. 2021 )	+	Total Inventories (A: Mar. 2022 ))	/	count )
=	108.929	/ (	(0.553	+	0.386)	/	2 )
=	108.929	/	0.4695
=	232.01

China Wantian Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	217.945	/ (	(1.998	+	2.759)	/	2 )
=	217.945	/	2.3785
=	91.63

China Wantian Holdings (HKSE:01854) 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 Wantian Holdings's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	2.3785	/	217.945	*	365 / 2
	=	1.99

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 Wantian Holdings's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	2.3785	/	251.763
	=	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.

China Wantian Holdings Inventory Turnover Related Terms

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China Wantian Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » China Wantian Holdings Ltd (HKSE:01854) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Wang Chiu Road, Suite 2106A, 21/F, Exchange Tower, Kowloon Bay, Hong Kong, HKG

Website

http://www.cyfood.com.hk

China Wantian Holdings Ltd is engaged in the provision of vegetables and fruits. It provides procurement, selection, packaging, treating, processing, and distribution of vegetables and fruit ingredients. The company offers leaf vegetables, melon and fruit vegetables, root and rhizome vegetables, herbs and spices, mushrooms, fruits, processed fruits and vegetables, and others. The group's business falls under the primary segment of Sourcing, processing, and supplying food ingredients to food service operators in Hong Kong. The Group has three reportable segments; food supply which generates key revenue; catering; and environmental protection and technology. The company generates a majority of its revenue from its operations in Hong Kong and the rest from the People's Republic of China.

Executives

Liu Chi Ching
Hooy Kok Wai
Zhong Xueyong
Hooy Investment Limited
Hooy Kwok Pun
Yap Global Investment Limited
Yap Yuk Kiew
Wu Shuk Kwan
Classic Line Holdings Limited
Yek Hon Su
Yap Su Chai
Yap Siew Ngoh
Yap Siew Chow
Yap Kong Meng
Yap Hong Leng

China Wantian Holdings Headlines

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