China Longevity Group Co (HKSE:01863) Inventory Turnover : 1.89 (As of Dec. 2023)

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What is China Longevity Group 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. China Longevity Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$418 Mil. China Longevity Group Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$221 Mil. China Longevity Group Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Longevity Group Co's Days Inventory for the six months ended in Dec. 2023 was 96.41.

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 Longevity Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.42.

China Longevity Group Co Inventory Turnover Historical Data

The historical data trend for China Longevity Group 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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China Longevity Group Co Inventory Turnover Chart

China Longevity Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.60

4.91

6.84

3.85

3.58

China Longevity Group Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															3.18	2.12	1.62	2.05	1.89

China Longevity Group Co Inventory Turnover Calculation

China Longevity Group Co'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 )
=	818.029	/ (	(202.963	+	254.122)	/	2 )
=	818.029	/	228.5425
=	3.58

China Longevity Group Co'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 )
=	418.024	/ (	(187.543	+	254.122)	/	2 )
=	418.024	/	220.8325
=	1.89

China Longevity Group Co (HKSE:01863) 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 Longevity Group Co'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
	=	220.8325	/	418.024	*	365 / 2
	=	96.41

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 Longevity Group Co'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 )
	=	220.8325	/	531.804
	=	0.42

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 Longevity Group Co Inventory Turnover Related Terms

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China Longevity Group Co (HKSE:01863) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Longevity Group Co Ltd (HKSE:01863) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

1 Science Museum Road, Room 617, 6th Floor, Seapower Tower, Concordia Plaza, Tsimshatsui East, Kowloon, Hong Kong, HKG

Website

https://www.chinalongevity.hk

China Longevity Group Co Ltd is involved in the reinforced materials business. It engaged in designing, developing, manufacturing, and sale of polymer-processed polyester fabric composite materials, reinforced composite materials, conventional materials, and inflatable and waterproof products. Its products are used in various industries, such as outdoor leisure, sports, renewable energy, protection, construction, transportation, packaging, medical, safety, advertisement, and daily supplies. Geographically business presence of the firm can be seen across the region of China, USA, Russia, and other regions.

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