Best Mart 360 Holdings (HKSE:02360) Inventory Turnover : 3.43 (As of Jun. 2024)

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What is Best Mart 360 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. Best Mart 360 Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$886 Mil. Best Mart 360 Holdings's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$258 Mil. Best Mart 360 Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 3.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Best Mart 360 Holdings's Days Inventory for the six months ended in Jun. 2024 was 53.14.

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. Best Mart 360 Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.19.

Best Mart 360 Holdings Inventory Turnover Historical Data

The historical data trend for Best Mart 360 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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Best Mart 360 Holdings Inventory Turnover Chart

Best Mart 360 Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Dec24

Inventory Turnover

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6.10

6.63

6.32

6.44

6.09

Best Mart 360 Holdings Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial											3.27	3.78	3.08	3.43	3.04

Best Mart 360 Holdings Inventory Turnover Calculation

Best Mart 360 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 )
=	1488.644	/ (	(217.969	+	244.219)	/	2 )
=	1488.644	/	231.094
=	6.44

Best Mart 360 Holdings'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: Sep. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	885.753	/ (	(269.351	+	246.468)	/	2 )
=	885.753	/	257.9095
=	3.43

Best Mart 360 Holdings (HKSE:02360) 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.

Best Mart 360 Holdings'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
	=	257.9095	/	885.753	*	365 / 2
	=	53.14

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.

Best Mart 360 Holdings'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 )
	=	257.9095	/	1393.691
	=	0.19

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.

Best Mart 360 Holdings Inventory Turnover Related Terms

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Best Mart 360 Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Best Mart 360 Holdings Ltd (HKSE:02360) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 108 Wai Yip Street, 11th Floor, C-Bons International Center, Kowloon, Hong Kong, HKG

Website

https://www.bestmart360.com

Best Mart 360 Holdings Ltd is a leisure food retailer operating a chain of retail stores under its stores Best Mart 360 and FoodVille. The company is engaged in retail sales of food and beverage, confectioneries, packaged bakery products and snacks, nuts and dried fruits, grain and other miscellaneous food products, and household, and personal care products in Hong Kong, Macau, and Mainland China. The company generates the majority of its revenue from Hong Kong.

Executives

Sino Sea Enterprises Limited	2101 Beneficial owner
Giant Blessing Global Limited	2101 Beneficial owner
Hui Chi Kwan	2201 Interest of corporation controlled by you
China Merchants Group Limited	2201 Interest of corporation controlled by you
China Merchants Hoi Tung Trading Company Limited	2106 Person having a security interest in shares
United East Global Limited	2101 Beneficial owner
Universal Tycoon Limited	2101 Beneficial owner
Hui Ngai Fan	2201 Interest of corporation controlled by you
Lin Tsz Fung	2201 Interest of corporation controlled by you
Sea Wealth Ventures Limited	2101 Beneficial owner
Lee Wai Bing	2202 Interest of your spouse

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