China Glass Holdings (HKSE:03300) Inventory Turnover : 2.64 (As of Dec. 2023)

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What is China Glass 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. China Glass Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,290 Mil. China Glass Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1,247 Mil. China Glass Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Glass Holdings's Days Inventory for the six months ended in Dec. 2023 was 69.17.

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. China Glass Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.36.

China Glass Holdings Inventory Turnover Historical Data

The historical data trend for China Glass 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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China Glass Holdings Inventory Turnover Chart

China Glass Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.96

4.81

5.10

3.70

4.81

China Glass Holdings 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															3.03	1.56	1.74	1.67	2.64

China Glass Holdings Inventory Turnover Calculation

China Glass Holdings'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 )
=	5478.096	/ (	(1204.803	+	1074.772)	/	2 )
=	5478.096	/	1139.7875
=	4.81

China Glass Holdings'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 )
=	3289.722	/ (	(1418.767	+	1074.772)	/	2 )
=	3289.722	/	1246.7695
=	2.64

China Glass Holdings (HKSE:03300) 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.

China Glass Holdings'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
	=	1246.7695	/	3289.722	*	365 / 2
	=	69.17

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.

China Glass Holdings'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 )
	=	1246.7695	/	3500.982
	=	0.36

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.

China Glass Holdings Inventory Turnover Related Terms

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China Glass Holdings (HKSE:03300) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Glass Holdings Ltd (HKSE:03300) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road, Unit 2608, 26th Floor, West Tower, Shun Tak Centre, Central, Hong Kong, HKG

Website

https://www.chinaglassholdings.com

China Glass Holdings Ltd is engaged in the production, marketing, and distribution of float glass, reflective glass, and other glass products. It has five business segments, Clear glass products; Painted glass products; Coated glass products; Energy saving and new energy glass products, such as ultra clear glass, low emission coated glass and photovoltaic battery module products; and Designing and installation services of pharmaceutical glass production lines. Geographically, the company has operations in Mainland China, Hong Kong, the Middle East, Nigeria, Italy, Kazakhstan and other countries. It generates a majority of its revenues from the Clear glass products segment.

Executives

Tung Ching Sai	2202 Interest of your spouse
Sze Tan Hung	2101 Beneficial owner
Cao Zhijiang	2201 Interest of corporation controlled by you
Easylead Management Limited	2201 Interest of corporation controlled by you
Liu Jinduo	2201 Interest of corporation controlled by you
Zhang Zuxiang	2201 Interest of corporation controlled by you
First Fortune Enterprises Limited	2101 Beneficial owner
Right Lane Limited	2201 Interest of corporation controlled by you
Lian Xiang Hong Yi Guo Ji You Xian Gong Si	2201 Interest of corporation controlled by you
Lian Xiang Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Beng Bu Hua Jin Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhao John Huan	2201 Interest of corporation controlled by you
United Strength Upward Limited	2201 Interest of corporation controlled by you
New Glory Management Limited	2201 Interest of corporation controlled by you
New Glory Fund L.p.	2101 Beneficial owner

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