China Lesso Group Holdings (HKSE:02128) Inventory Turnover : 1.45 (As of Jun. 2024)

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What is China Lesso Group 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 Lesso Group Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$10,589 Mil. China Lesso Group Holdings's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$7,301 Mil. China Lesso Group Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Lesso Group Holdings's Days Inventory for the six months ended in Jun. 2024 was 125.84.

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 Lesso Group Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.50.

China Lesso Group Holdings Inventory Turnover Historical Data

The historical data trend for China Lesso Group 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 Lesso Group Holdings Inventory Turnover Chart

China Lesso Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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4.45

3.99

3.21

3.43

3.02

China Lesso Group Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															1.72	1.64	1.75	1.45	1.50

China Lesso Group Holdings Inventory Turnover Calculation

China Lesso Group Holdings'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 )
=	24880.489	/ (	(7258.63	+	7231.483)	/	2 )
=	24880.489	/	7245.0565
=	3.43

China Lesso Group 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: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	10588.598	/ (	(7231.483	+	7370.869)	/	2 )
=	10588.598	/	7301.176
=	1.45

China Lesso Group Holdings (HKSE:02128) 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 Lesso Group 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
	=	7301.176	/	10588.598	*	365 / 2
	=	125.84

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 Lesso Group 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 )
	=	7301.176	/	14601.722
	=	0.50

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 Lesso Group Holdings Inventory Turnover Related Terms

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China Lesso Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Lesso Group Holdings Ltd (HKSE:02128) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Liansu Industrial Estate, Longjiang Town, Shunde District, Foshan, CHN, 528318

Website

https://www.lesso.com

China Lesso Group Holdings Ltd is engaged in the manufacturing and selling of piping and building materials in Mainland China. The company provides high-quality products and services such as plastic piping, building materials, and home improvement, new energy, environmental protection, and operates a supply chain service platform. It has three segments Southern China, including Guangdong Province, Guangxi Zhuang Autonomous Region, Hunan Province, Fujian Province, and Hainan Province; Other than Southern China, including regions in China other than Southern China; and Outside China.

Executives

Ubs Trustees (b.v.i.) Limited	2301 Trustee
New Fortune Star Limited	2101 Beneficial owner
Wong Luen Hei	2307 Founder of a discretionary trust who can infl
Zuo Xiaoping	2305 Beneficiary of a trust
Xi Xi Development Limited	2201 Interest of corporation controlled by you

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