Tat Hong Equipment Service Co (HKSE:02153) Inventory Turnover : 7.14 (As of Mar. 2024)

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What is Tat Hong Equipment Service 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. Tat Hong Equipment Service Co's Cost of Goods Sold for the six months ended in Mar. 2024 was HK$333.2 Mil. Tat Hong Equipment Service Co's Average Total Inventories for the quarter that ended in Mar. 2024 was HK$46.6 Mil. Tat Hong Equipment Service Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 7.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tat Hong Equipment Service Co's Days Inventory for the six months ended in Mar. 2024 was 25.54.

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. Tat Hong Equipment Service Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.13.

Tat Hong Equipment Service Co Inventory Turnover Historical Data

The historical data trend for Tat Hong Equipment Service 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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Tat Hong Equipment Service Co Inventory Turnover Chart

Tat Hong Equipment Service Co Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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38.72

30.78

23.38

15.69

13.99

Tat Hong Equipment Service Co Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial						10.23	9.75	8.68	7.02	7.14

Tat Hong Equipment Service Co Inventory Turnover Calculation

Tat Hong Equipment Service Co's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	653.445	/ (	(45.086	+	48.301)	/	2 )
=	653.445	/	46.6935
=	13.99

Tat Hong Equipment Service Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	333.159	/ (	(44.964	+	48.301)	/	2 )
=	333.159	/	46.6325
=	7.14

Tat Hong Equipment Service Co (HKSE:02153) 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.

Tat Hong Equipment Service Co's Days Inventory for the six months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	46.6325	/	333.159	*	365 / 2
	=	25.54

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.

Tat Hong Equipment Service Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	46.6325	/	351.596
	=	0.13

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.

Tat Hong Equipment Service Co Inventory Turnover Related Terms

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Tat Hong Equipment Service Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tat Hong Equipment Service Co Ltd (HKSE:02153) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2377, Shenkun Road, Room 601, Building 8, PortMix, Minhang District, Shanghai, CHN, 201106

Website

https://www.tathongchina.com

Tat Hong Equipment Service Co Ltd is engaged in the business of providing tower crane services. The company provides one-stop tower crane solution services from consultation, technical design, commissioning, and construction to after-sales services. Its segments include namely infrastructure, clean energy, traditional energy, public and plant construction, commercial and residential sectors.

Executives

Chwee Cheng & Sons Pte Ltd	2201 Interest of corporation controlled by you
Ng San Tiong	2301 Trustee
Ng San Wee	2301 Trustee
Ng Sun Ho	2301 Trustee
Tat Hong Equipment (china) Pte. Ltd.	2101 Beneficial owner
Tat Hong Holdings Ltd	2201 Interest of corporation controlled by you
Tat Hong International Pte Ltd	2201 Interest of corporation controlled by you
Th60 Investments Pte. Ltd.	2201 Interest of corporation controlled by you
Thsc Investments Pte. Ltd.	2201 Interest of corporation controlled by you
Ng Sun Giam	2301 Trustee
Ng Sun Giam Roger	2301 Trustee
Zoomlion H.k. Holding Co., Limited	2201 Interest of corporation controlled by you
Zoomlion Heavy Industry Science And Technology Co.,limited	2201 Interest of corporation controlled by you
Zoomlion International Trading (h.k.) Co.,limited	2101 Beneficial owner
Lim Hua Min	2201 Interest of corporation controlled by you

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