Chaoju Eye Care Holdings (HKSE:02219) Inventory Turnover : 8.24 (As of Dec. 2024)

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What is Chaoju Eye Care 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. Chaoju Eye Care Holdings's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$423 Mil. Chaoju Eye Care Holdings's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$51 Mil. Chaoju Eye Care Holdings's Inventory Turnover for the quarter that ended in Dec. 2024 was 8.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chaoju Eye Care Holdings's Days Inventory for the six months ended in Dec. 2024 was 22.15.

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. Chaoju Eye Care Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.07.

Chaoju Eye Care Holdings Inventory Turnover Historical Data

The historical data trend for Chaoju Eye Care 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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Chaoju Eye Care Holdings Inventory Turnover Chart

Chaoju Eye Care Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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12.38

15.32

12.25

14.31

17.14

Chaoju Eye Care Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial							5.27	6.52	6.82	7.43	8.24

Chaoju Eye Care Holdings Inventory Turnover Calculation

Chaoju Eye Care Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	847.894	/ (	(55.905	+	43.041)	/	2 )
=	847.894	/	49.473
=	17.14

Chaoju Eye Care Holdings's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	422.626	/ (	(59.532	+	43.041)	/	2 )
=	422.626	/	51.2865
=	8.24

Chaoju Eye Care Holdings (HKSE:02219) 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.

Chaoju Eye Care Holdings's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	51.2865	/	422.626	*	365 / 2
	=	22.15

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.

Chaoju Eye Care Holdings's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	51.2865	/	716.586
	=	0.07

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.

Chaoju Eye Care Holdings Inventory Turnover Related Terms

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Chaoju Eye Care Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Chaoju Eye Care Holdings Ltd (HKSE:02219) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 14 Yard, West 3rd Ring South Road, Block A, Shouke Building, 24th Floor, East Zone, Fengtai District, Beijing, CHN

Website

http://www.chaojueye.com

Chaoju Eye Care Holdings Ltd is a ophthalmic medical service group in North China engaged in engaged in the provision of in-patient services, out-patient services and sales of optical products. The company generate revenue from consumer ophthalmic services and basic ophthalmic services. The consumer ophthalmic services include treatments and prevention of various types of ophthalmic disorders, including refractive correction, myopia control and provision of optical products and services. The basic ophthalmic services include treatments of a wide range of common eye diseases, including cataract, glaucoma, squint, ocular fundus diseases, ocular surface diseases, orbital diseases and pediatric eye diseases.

Executives

Zhang Junfeng	2103 Interests held jointly with another person
Zhang Xiaoli	2103 Interests held jointly with another person
Zhang Bozhou	2103 Interests held jointly with another person
Areo Holdings Limited	2201 Interest of corporation controlled by you
Li Gabriel	2201 Interest of corporation controlled by you
Lam Lai Ming	2201 Interest of corporation controlled by you
Orchid Asia Vii, L.p.	2201 Interest of corporation controlled by you
Orchid Asia Vii Gp, Limited	2201 Interest of corporation controlled by you
Orchid Asia V Group, Limited	2201 Interest of corporation controlled by you
Orchid Asia V Group Management, Limited	2201 Interest of corporation controlled by you
Oavii Holdings, L.p.	2201 Interest of corporation controlled by you
Orchid Asia Vii Global Investment Limited	2101 Beneficial owner
Wang Stephen Hui	2201 Interest of corporation controlled by you
Xia Men Chao Xi Qi Ye Guan Li Zi Xun He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Zhang Wenwen	2201 Interest of corporation controlled by you

Chaoju Eye Care Holdings Headlines

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