Honworld Group (HKSE:02226) Inventory Turnover : 0.16 (As of Dec. 2023)

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What is Honworld Group 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. Honworld Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$110.5 Mil. Honworld Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$703.1 Mil. Honworld Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Honworld Group's Days Inventory for the six months ended in Dec. 2023 was 1,160.74.

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. Honworld Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 4.91.

Honworld Group Inventory Turnover Historical Data

The historical data trend for Honworld Group'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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Honworld Group Inventory Turnover Chart

Honworld Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.14

0.21

0.28

0.29

0.28

Honworld Group 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															0.14	0.13	0.17	0.13	0.16

Honworld Group Inventory Turnover Calculation

Honworld Group'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 )
=	201.991	/ (	(722.224	+	706.471)	/	2 )
=	201.991	/	714.3475
=	0.28

Honworld Group'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 )
=	110.541	/ (	(699.663	+	706.471)	/	2 )
=	110.541	/	703.067
=	0.16

Honworld Group (HKSE:02226) 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.

Honworld Group'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
	=	703.067	/	110.541	*	365 / 2
	=	1,160.74

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.

Honworld Group'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 )
	=	703.067	/	143.277
	=	4.91

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.

Honworld Group Inventory Turnover Related Terms

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Honworld Group (HKSE:02226) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Honworld Group Ltd (HKSE:02226) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No.299, Zhongxing Avenue, Balidian Town, Food and Industrial Park, Wuxing District, Zhejiang Province, Huzhou, CHN, 313000

Website

http://www.hzlaohenghe.com

Honworld Group Ltd is a China-based investment holding company. Through its subsidiaries, the company is engaged in manufacturing and selling condiment products under the brand name of Lao Heng He in the PRC. Its product categories include High-end, Normal, and Catering Services. The products include healthy brewed cooking wine as well as other condiments, including naturally-brewed soy sauce, naturally-brewed vinegar, soybean paste, sesame oil, and fermented bean curd company operates in a single segment named as Food segment.

Executives

Hu Zhou Shi Wu Xing Qu Guo You Zi Ben Jian Du Guan Li Fu Wu Zhong Xin	2201 Interest of corporation controlled by you
Mao Huixin	2101 Beneficial owner
Lcm-iv General Partner Ltd	2101 Beneficial owner
Lunar Capital Partners Iv Gp, Lp	2101 Beneficial owner
Lunar Capital Partners Iv Lp	2101 Beneficial owner
Natural Seasoning International (hk) Limited	2101 Beneficial owner
Natural Seasoning International Limited	2101 Beneficial owner
Chen Weizhong	2201 Interest of corporation controlled by you
Xing Liyu	2202 Interest of your spouse
Key Shine Global Holdings Limited	2101 Beneficial owner
Osiris International Trustees Limited	2201 Interest of corporation controlled by you
Super Sun & Moon Co., Limited	2201 Interest of corporation controlled by you
Zhong Hai Cheng Feng Bei Jing Zi Ben Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Tcl Technology Group Corporation (formerly Known As Tcl Corporation)	2201 Interest of corporation controlled by you

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