Kinergy (HKSE:03302) Inventory Turnover : 0.97 (As of Dec. 2023)

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What is Kinergy 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. Kinergy's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$261.9 Mil. Kinergy's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$269.1 Mil. Kinergy's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kinergy's Days Inventory for the six months ended in Dec. 2023 was 187.57.

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. Kinergy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.95.

Kinergy Inventory Turnover Historical Data

The historical data trend for Kinergy'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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Kinergy Inventory Turnover Chart

Kinergy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.28

3.20

1.99

1.73

Kinergy Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial											1.50	1.06	0.82	0.82	0.97

Kinergy Inventory Turnover Calculation

Kinergy'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 )
=	501.203	/ (	(309.268	+	270.151)	/	2 )
=	501.203	/	289.7095
=	1.73

Kinergy'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 )
=	261.861	/ (	(268.133	+	270.151)	/	2 )
=	261.861	/	269.142
=	0.97

Kinergy (HKSE:03302) 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.

Kinergy'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
	=	269.142	/	261.861	*	365 / 2
	=	187.57

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.

Kinergy'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 )
	=	269.142	/	282.316
	=	0.95

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.

Kinergy Inventory Turnover Related Terms

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Kinergy (HKSE:03302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kinergy Corp Ltd (HKSE:03302) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Changi North Street 1, Lobby 2, Singapore, SGP, 498789

Website

https://www.kinergy.com.sg

Kinergy Corp Ltd is a contract manufacturer specialising in the manufacture of equipment, machines, sub-systems, precision tools, spare parts and components in the semiconductor equipment industry. The company reports three operating segments that are Electronics Manufacturing Services (EMS) for high-mix/low volume sub-systems and equipment, Original Design Manufacturing (ODM) which provides proprietary Kinergy brand of equipment, precision tools, spare parts and Investment division. It derives key revenue from the EMS business. Geographically, the company has a presence in Singapore, the United States, Japan, Mainland China, the Philippines and Other Countries.

Executives

Foo Kaw Jee	2202 Interest of your spouse
Lim Kuak Choi Leslie	2101 Beneficial owner
Lim Kuak Choi Leslie	2101 Beneficial owner
Foo Kaw Jee	2202 Interest of your spouse
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