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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. Deewin Tianxia Co's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$1,199 Mil. Deewin Tianxia Co's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$64 Mil. Deewin Tianxia Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 18.75.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Deewin Tianxia Co's Days Inventory for the six months ended in Dec. 2024 was 9.74.
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. Deewin Tianxia Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.04.
The historical data trend for Deewin Tianxia Co'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.
Deewin Tianxia Co Annual Data | |||||||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||
Inventory Turnover | Get a 7-Day Free Trial | 31.45 | 18.25 | 14.21 | 32.66 | 37.16 |
Deewin Tianxia Co Semi-Annual Data | ||||||||||
Dec19 | Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | Jun24 | Dec24 | |
Inventory Turnover | Get a 7-Day Free Trial |
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8.36 | 12.12 | 19.63 | 23.65 | 18.75 |
Deewin Tianxia Co's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as
Inventory Turnover (A: Dec. 2024 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Dec. 2024 ) | / ( | (Total Inventories (A: Dec. 2023 ) | + | Total Inventories (A: Dec. 2024 )) | / | count ) |
= | 2345.885 | / ( | (48.014 | + | 78.245) | / | 2 ) |
= | 2345.885 | / | 63.1295 | ||||
= | 37.16 |
Deewin Tianxia Co's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as
Inventory Turnover (Q: Dec. 2024 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Dec. 2024 ) | / ( | (Total Inventories (Q: Jun. 2024 ) | + | Total Inventories (Q: Dec. 2024 )) | / | count ) |
= | 1199.494 | / ( | (49.723 | + | 78.245) | / | 2 ) |
= | 1199.494 | / | 63.984 | ||||
= | 18.75 |
* 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.
Deewin Tianxia Co (HKSE:02418) 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.
Deewin Tianxia Co's Days Inventory for the six months ended in Dec. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2024 ) | / | Cost of Goods Sold (Q: Dec. 2024 ) | * | Days in Period |
= | 63.984 | / | 1199.494 | * | 365 / 2 | |
= | 9.74 |
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.
Deewin Tianxia Co's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2024 ) | / | Revenue (Q: Dec. 2024 ) |
= | 63.984 | / | 1422.284 | |
= | 0.04 |
* 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.
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.
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