Huisen Shares Group (HKSE:02127) Inventory Turnover : 1.93 (As of Dec. 2023)

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What is Huisen Shares 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. Huisen Shares Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$2,047 Mil. Huisen Shares Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1,061 Mil. Huisen Shares Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Huisen Shares Group's Days Inventory for the six months ended in Dec. 2023 was 94.58.

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. Huisen Shares Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.45.

Huisen Shares Group Inventory Turnover Historical Data

The historical data trend for Huisen Shares 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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Huisen Shares Group Inventory Turnover Chart

Huisen Shares Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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14.01

18.96

21.27

3.87

3.25

Huisen Shares Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial							9.14	6.67	1.41	1.21	1.93

Huisen Shares Group Inventory Turnover Calculation

Huisen Shares 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 )
=	3453.496	/ (	(1163.402	+	960.072)	/	2 )
=	3453.496	/	1061.737
=	3.25

Huisen Shares 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 )
=	2046.737	/ (	(1161.347	+	960.072)	/	2 )
=	2046.737	/	1060.7095
=	1.93

Huisen Shares Group (HKSE:02127) 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.

Huisen Shares 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
	=	1060.7095	/	2046.737	*	365 / 2
	=	94.58

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.

Huisen Shares 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 )
	=	1060.7095	/	2361.097
	=	0.45

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.

Huisen Shares Group Inventory Turnover Related Terms

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Huisen Shares Group (HKSE:02127) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Huisen Shares Group Ltd (HKSE:02127) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Huisen Road, Daluo Industrial Park, Longnan Economic Technology Development Zone, Jiangxi Province, Longnan, CHN

Website

http://www.jxhmgroup.com

Huisen Household International Group Ltd is principally engaged in the manufacturing and selling of panel-type furniture, upholstered furniture, sport-type furniture, customized furniture, and furniture ornaments. The company offers comprehensive manufacturing solutions to its customers, with the capabilities to design, develop and manufacture functional and economical panel furniture, upholstered furniture, and other furniture such as outdoor furniture and sports and recreational equipment. The company is also engaged in the manufacture and sale of hardware furniture and furniture ornaments. The company generates the majority of its revenue from panel-type furniture.

Executives

Pure Cypress Limited	2101 Beneficial owner
Zeng Ming	2201 Interest of corporation controlled by you
Zeng Ronghua	2202 Interest of your spouse
Goh Siok Teng	2201 Interest of corporation controlled by you
Yggies World Pte. Ltd.	2101 Beneficial owner
Kwok Hong Yiew	2201 Interest of corporation controlled by you
Kwok Properties Pte. Ltd.	2101 Beneficial owner

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