Man King Holdings (HKSE:02193) Inventory Turnover : 21.89 (As of Sep. 2023)

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What is Man King 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. Man King Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$173.1 Mil. Man King Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$7.9 Mil. Man King Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 21.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Man King Holdings's Days Inventory for the six months ended in Sep. 2023 was 8.34.

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. Man King Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.04.

Man King Holdings Inventory Turnover Historical Data

The historical data trend for Man King 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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Man King Holdings Inventory Turnover Chart

Man King Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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20.11

34.13

63.11

58.16

46.66

Man King Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															33.52	28.14	16.89	18.21	21.89

Man King Holdings Inventory Turnover Calculation

Man King Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	383.16	/ (	(8.914	+	7.51)	/	2 )
=	383.16	/	8.212
=	46.66

Man King Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	173.066	/ (	(7.51	+	8.303)	/	2 )
=	173.066	/	7.9065
=	21.89

Man King Holdings (HKSE:02193) 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.

Man King Holdings's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	7.9065	/	173.066	*	365 / 2
	=	8.34

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.

Man King Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	7.9065	/	178.663
	=	0.04

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.

Man King Holdings Inventory Turnover Related Terms

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Man King Holdings (HKSE:02193) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Man King Holdings Ltd (HKSE:02193) » Definitions » Inventory Turnover

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Address

18 Tong Mi Road, Skyline Tower, Unit D, 10th Floor, Mongkok, Kowloon, Hong Kong, HKG

Website

https://www.manking.com.hk

Man King Holdings Ltd is an investment holding company principally engaged in the provision of civil engineering services. It derives prime revenue from civil engineering works. The engineering works undertaken are mainly related to roads and drainage; site formation and port works. The group has a business presence in Hong Kong and Mainland China, of which a majority of revenue is derived from Hong Kong.

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