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Goldpac Group (HKSE:03315) Inventory Turnover : 1.68 (As of Dec. 2024)


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What is Goldpac 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. Goldpac Group's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$456 Mil. Goldpac Group's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$272 Mil. Goldpac Group's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Goldpac Group's Days Inventory for the six months ended in Dec. 2024 was 108.93.

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. Goldpac Group's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.46.


Goldpac Group Inventory Turnover Historical Data

The historical data trend for Goldpac 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.

* Premium members only.

Goldpac Group Inventory Turnover Chart

Goldpac Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.94 4.13 3.33 2.97 3.06

Goldpac Group Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.66 1.46 1.39 1.42 1.68

Goldpac Group Inventory Turnover Calculation

Goldpac Group'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 )
=892.956 / ((329.859 + 253.727) / 2 )
=892.956 / 291.793
=3.06

Goldpac Group'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 )
=455.528 / ((290.076 + 253.727) / 2 )
=455.528 / 271.9015
=1.68

* 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.


Goldpac Group  (HKSE:03315) 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.

Goldpac Group'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
=271.9015/455.528*365 / 2
=108.93

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.

Goldpac Group'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 )
=271.9015 / 590.731
=0.46

* 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.


Goldpac Group Inventory Turnover Related Terms

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Goldpac Group Business Description

Traded in Other Exchanges
N/A
Address
No. 56 Gloucester Road, 13th Floor, Bank of East Asia, Room 1301, Harbour View Center, Wanchai, Hong Kong, HKG
Goldpac Group Ltd offers solutions to secure payment systems, embedded software and security products, data management services, card issuance systems, multi-function terminals, and custom turnkey solutions covering financial services. The operating segments of the group are Embedded software and secure payment products, which is the key revenue-driving segment, includes embedded software and secure payment products for smart secure payment, and the Platform and service segment which involves the provision of data processing, equipment, system platforms and other total solutions for customers in a wide business range including financial, government, healthcare, transportation and retails by leveraging Fintech.
Executives
Cititrust Private Trust (cayman) Limited 2301 Trustee
Golden Lake Investment Limited 2201 Interest of corporation controlled by you
Goldpac International (holding) Limited
Golden Wellness Investment Limited 2201 Interest of corporation controlled by you
Zhang Jian
Lu Run Ting 2307 Founder of a discretionary trust who can infl
Ling Wai Lim 2305 Beneficiary of a trust
Lu Runyi 2101 Beneficial owner
Agende Des Participations De L'etat (ape) 2201 Interest of corporation controlled by you
Thales 2201 Interest of corporation controlled by you

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