Wise Living Technology Co (HKSE:02481) Inventory Turnover : 18.10 (As of Dec. 2024)

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What is Wise Living Technology Co 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. Wise Living Technology Co's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$629 Mil. Wise Living Technology Co's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$35 Mil. Wise Living Technology Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 18.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wise Living Technology Co's Days Inventory for the six months ended in Dec. 2024 was 10.08.

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. Wise Living Technology Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.04.

Wise Living Technology Co Inventory Turnover Historical Data

The historical data trend for Wise Living Technology 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.

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Wise Living Technology Co Inventory Turnover Chart

Wise Living Technology Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

32.98

27.90

25.26

26.26

33.58

Wise Living Technology Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial			13.22	12.94	18.70	17.34	18.10

Wise Living Technology Co Inventory Turnover Calculation

Wise Living Technology 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 )
=	1269.497	/ (	(40.329	+	35.274)	/	2 )
=	1269.497	/	37.8015
=	33.58

Wise Living Technology 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 )
=	628.676	/ (	(34.186	+	35.274)	/	2 )
=	628.676	/	34.73
=	18.10

Wise Living Technology Co (HKSE:02481) 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.

Wise Living Technology 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
	=	34.73	/	628.676	*	365 / 2
	=	10.08

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.

Wise Living Technology 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 )
	=	34.73	/	776.118
	=	0.04

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.

Wise Living Technology Co Inventory Turnover Related Terms

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Wise Living Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Wise Living Technology Co Ltd (HKSE:02481) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 15 Shuangliang Road, Ligang Street, Room 202, 2nd Floor, Jiangsu Province, Jiangyin, CHN

Website

http://www.hjkj.cn

Wise Living Technology Co Ltd is a cross-provincial heat service provider mainly operating in the Three North Region. It is principally engaged in the provision of heat services to residential and non-residential heat service customers under concession rights. In addition to its provision of heat services, which is considered as a public utility business, the company also provides heat-related; engineering construction services; and EMC services.

Executives

Jiang Su Shuang Liang Ke Ji You Xian Gong Si	2501 Other
Lu Hongxia	2202 Interest of your spouse
Jiang Su Li Chuang Xin Neng Yuan You Xian Gong Si	2501 Other
Zhu Meifeng	2202 Interest of your spouse
Zhu Duomei	2202 Interest of your spouse
Miao Zhiqiang	2501 Other
Miao Wenbin	2501 Other
Miao Shuya	2501 Other
Miao Shuangda	2501 Other
Miao Minhua	2202 Interest of your spouse
Miao Heida	2501 Other
Ma Peilin	2501 Other
Ma Fulin	2501 Other
Li Dongju	2202 Interest of your spouse
Jiang Rongfang	2501 Other

Wise Living Technology Co Headlines

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