TOM Group (HKSE:02383) Inventory Turnover : 2.60 (As of Dec. 2023)

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What is TOM 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. TOM Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$237.2 Mil. TOM Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$91.4 Mil. TOM Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TOM Group's Days Inventory for the six months ended in Dec. 2023 was 70.29.

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. TOM Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.23.

TOM Group Inventory Turnover Historical Data

The historical data trend for TOM 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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TOM Group Inventory Turnover Chart

TOM Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.18

5.11

5.26

5.04

4.95

TOM 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															2.85	2.48	2.64	2.46	2.60

TOM Group Inventory Turnover Calculation

TOM 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 )
=	460.663	/ (	(92.778	+	93.474)	/	2 )
=	460.663	/	93.126
=	4.95

TOM 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 )
=	237.2	/ (	(89.232	+	93.474)	/	2 )
=	237.2	/	91.353
=	2.60

TOM Group (HKSE:02383) 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.

TOM 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
	=	91.353	/	237.2	*	365 / 2
	=	70.29

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.

TOM 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 )
	=	91.353	/	405.774
	=	0.23

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.

TOM Group Inventory Turnover Related Terms

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TOM Group (HKSE:02383) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » TOM Group Ltd (HKSE:02383) » Definitions » Inventory Turnover

Traded in Other Exchanges

TOCOF:USA

Address

26 Harbour Road, Rooms 1601-05, 16th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.tomgroup.com

TOM Group Ltd is a Chinese media conglomerate with the following operating segments. E-Commerce Group, Mobile Internet Group, Social Network Group, Publishing Group, and Advertising group. The majority is from the Publishing segment which includes magazine and book publishing and circulation, sales of advertising and other related product, and produces books and magazines around Taiwan and China. The Group has two divisions, Technology platform & investments, which include E-commerce, Mobile Internet, and Social network; Media Business, which includes Advertising and Publishing, out of which the majority is from the Media business. Geographically Hong Kong, Mainland China, Taiwan & other Asian country, the majority is from Taiwan & another Asian country.

Executives

Ck Hutchison Holdings Limited

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