Meilleure Health International Industry Group (HKSE:02327) Inventory Turnover : 0.06 (As of Jun. 2024)

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What is Meilleure Health International Industry 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. Meilleure Health International Industry Group's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$14.64 Mil. Meilleure Health International Industry Group's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$265.47 Mil. Meilleure Health International Industry Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Meilleure Health International Industry Group's Days Inventory for the six months ended in Jun. 2024 was 3,309.32.

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. Meilleure Health International Industry Group's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 8.84.

Meilleure Health International Industry Group Inventory Turnover Historical Data

The historical data trend for Meilleure Health International Industry 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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Meilleure Health International Industry Group Inventory Turnover Chart

Meilleure Health International Industry Group Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.26

0.62

0.56

0.19

Meilleure Health International Industry Group Semi-Annual Data
	Sep14	Mar15	Sep15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.08	0.12	0.14	0.05	0.06

Meilleure Health International Industry Group Inventory Turnover Calculation

Meilleure Health International Industry 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 )
=	51.214	/ (	(268.542	+	266.839)	/	2 )
=	51.214	/	267.6905
=	0.19

Meilleure Health International Industry Group's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	14.64	/ (	(266.839	+	264.103)	/	2 )
=	14.64	/	265.471
=	0.06

Meilleure Health International Industry Group (HKSE:02327) 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.

Meilleure Health International Industry Group's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	265.471	/	14.64	*	365 / 2
	=	3,309.32

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.

Meilleure Health International Industry Group's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	265.471	/	30.033
	=	8.84

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.

Meilleure Health International Industry Group Inventory Turnover Related Terms

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Meilleure Health International Industry Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Meilleure Health International Industry Group Ltd (HKSE:02327) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 Queensway, Unit 2906, Tower 1, Lippo Centre, Admiralty, Hong Kong, HKG

Website

http://www.meilleure.com.cn

Meilleure Health International Industry Group Ltd is an investment holding company principally engaged in the trading of healthcare products, chemical materials, and building materials. The company's operating segment includes Healthcare related business; Trading business; Property related business; and Equity investment business. The Trading business segment includes the trading of construction materials. Geographically, it derives a majority of revenue from PRC, and also it has its presence in Hong Kong, Europe and Others.

Executives

Zhou Xuzhou	2201 Interest of corporation controlled by you
Shunda Investment Limited	2201 Interest of corporation controlled by you
Zhongjia U-home Investment Limited	2101 Beneficial owner
Haitong Ut Leasing Hk Limited	2106 Person having a security interest in shares
U-home Group International Ltd
Haitong International Finance Company Limited

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