NVC International Holdings (HKSE:02222) Inventory Turnover : 1.75 (As of Dec. 2023)

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What is NVC International 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. NVC International Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$643 Mil. NVC International Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$366 Mil. NVC International Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NVC International Holdings's Days Inventory for the six months ended in Dec. 2023 was 104.02.

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. NVC International Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.40.

NVC International Holdings Inventory Turnover Historical Data

The historical data trend for NVC International 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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NVC International Holdings Inventory Turnover Chart

NVC International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.12

4.28

3.32

2.66

3.09

NVC International Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.53	1.31	1.20	1.54	1.75

NVC International Holdings Inventory Turnover Calculation

NVC International 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 )
=	1317.201	/ (	(500.64	+	353.284)	/	2 )
=	1317.201	/	426.962
=	3.09

NVC International Holdings'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 )
=	642.871	/ (	(379.548	+	353.284)	/	2 )
=	642.871	/	366.416
=	1.75

NVC International Holdings (HKSE:02222) 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.

NVC International Holdings'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
	=	366.416	/	642.871	*	365 / 2
	=	104.02

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.

NVC International Holdings'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 )
	=	366.416	/	913.309
	=	0.40

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.

NVC International Holdings Inventory Turnover Related Terms

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NVC International Holdings (HKSE:02222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » NVC International Holdings Ltd (HKSE:02222) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Phase 3, Hong Kong Science Park, Unit 705, 7th Floor, Building 20E, Pak Shek Kok, Hong Kong, HKG

Website

https://www.nvc-international.com

NVC International Holdings Ltd is engaged in the lighting industry. Its segment includes NVC brand lighting products - international market, Non-NVC brand lighting products - domestic market, and Non-NVC brand lighting products - international market It offers lighting solutions to hospitality, commercial, and corporate projects across varied industries sectors. The products offered by the company include LED Floodlights, LED Inground lights, LED Under canopy lighting, and LED Linear lighting among others. majority of the revenue of the company is generated from the United States.

Executives

Harbour Faith Enterprises Limited	2101 Beneficial owner
Chan Sin Wa Carrie	2201 Interest of corporation controlled by you
Gold Interact Investment Limited	2106 Person having a security interest in shares
Su Lixin	2101 Beneficial owner
Ye Yong
Canopy Capital Limited	2101 Beneficial owner
Harker Hall Capital Ltd.	2201 Interest of corporation controlled by you
Leap Gain Limited	2201 Interest of corporation controlled by you
Oneworld Legend Limited	2201 Interest of corporation controlled by you
Wang Keven Dun	2201 Interest of corporation controlled by you
Elec-tech International (hk) Co Ltd	2101 Beneficial owner
An Hui De Hao Run Da Dian Qi Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Su Lixin	2101 Beneficial owner
Zhao Yu
Cai Sheng You Xian Gong Si

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