Yoho Group Holdings (HKSE:02347) Inventory Turnover : 4.64 (As of Sep. 2023)

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What is Yoho Group 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. Yoho Group Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$337.3 Mil. Yoho Group Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$72.7 Mil. Yoho Group Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 4.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yoho Group Holdings's Days Inventory for the six months ended in Sep. 2023 was 39.34.

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. Yoho Group Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.18.

Yoho Group Holdings Inventory Turnover Historical Data

The historical data trend for Yoho Group 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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Yoho Group Holdings Inventory Turnover Chart

Yoho Group Holdings Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

6.50

8.60

8.71

10.02

10.24

Yoho Group Holdings Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial			4.40	5.62	5.14	4.38	4.64

Yoho Group Holdings Inventory Turnover Calculation

Yoho Group 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 )
=	723.876	/ (	(66.282	+	75.14)	/	2 )
=	723.876	/	70.711
=	10.24

Yoho Group 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 )
=	337.341	/ (	(75.14	+	70.282)	/	2 )
=	337.341	/	72.711
=	4.64

Yoho Group Holdings (HKSE:02347) 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.

Yoho Group 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
	=	72.711	/	337.341	*	365 / 2
	=	39.34

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.

Yoho Group 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 )
	=	72.711	/	396.278
	=	0.18

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.

Yoho Group Holdings Inventory Turnover Related Terms

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Yoho Group Holdings (HKSE:02347) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Yoho Group Holdings Ltd (HKSE:02347) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

52 Hung To Road, 9A, Bamboos Centre, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.yohohongkong.com

Yoho Group Holdings Ltd is involved in the provision of both online and offline e-commerce retail services and offline wholesale and trading of consumer electronics and home appliances. Geographically the company earns the majority of its revenue from Hong Kong and also has a presence in the People's Republic of China.

Executives

Tsui Ka Wing	2101 Beneficial owner
Wu Faat Chi	2101 Beneficial owner
The Mearas Venture Limited	2101 Beneficial owner
The Wings Venture Limited	2101 Beneficial owner
Beyond I Capital Ltd	2201 Interest of corporation controlled by you
Beyond Ventures I Fund L.p.	2201 Interest of corporation controlled by you
Biz Cloud Investments Limited	2101 Beneficial owner

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