Hengdeli Holdings (HKSE:03389) Inventory Turnover : 2.03 (As of Dec. 2024)

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What is Hengdeli 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. Hengdeli Holdings's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$438 Mil. Hengdeli Holdings's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$215 Mil. Hengdeli Holdings's Inventory Turnover for the quarter that ended in Dec. 2024 was 2.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hengdeli Holdings's Days Inventory for the six months ended in Dec. 2024 was 89.86.

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. Hengdeli Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.44.

Hengdeli Holdings Inventory Turnover Historical Data

The historical data trend for Hengdeli 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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Hengdeli Holdings Inventory Turnover Chart

Hengdeli Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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1.45

1.20

2.05

4.82

4.07

Hengdeli Holdings 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															1.39	2.32	2.50	1.99	2.03

Hengdeli Holdings Inventory Turnover Calculation

Hengdeli Holdings'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 )
=	955.35	/ (	(282.321	+	187.304)	/	2 )
=	955.35	/	234.8125
=	4.07

Hengdeli Holdings'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 )
=	437.531	/ (	(243.554	+	187.304)	/	2 )
=	437.531	/	215.429
=	2.03

Hengdeli Holdings (HKSE:03389) 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.

Hengdeli Holdings'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
	=	215.429	/	437.531	*	365 / 2
	=	89.86

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.

Hengdeli Holdings'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 )
	=	215.429	/	494.539
	=	0.44

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.

Hengdeli Holdings Inventory Turnover Related Terms

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Hengdeli Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hengdeli Holdings Ltd (HKSE:03389) » Definitions » Inventory Turnover

Comparable Companies

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HENGF:USA

Address

28 Canton Road, Room 301, 3rd Floor, Lippo Sun Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.hengdeligroup.com

Hengdeli Holdings Ltd is predominantly focused on the manufacturing of high-end consuming accessories, the construction of high-end consuming service platforms, international commodity trading, and its related supply chain services. The operating segments of the company are; High-end consuming accessories which is engaged in the manufacturing of watch accessories, and shop design and decoration services business; and the Commodity trading segment which is engaged in the trading of iron ore and coal. Geographically, the company generates a majority of its revenue from Mainland China and the rest from Hong Kong.

Executives

Cheung Yu Ping	2201 Interest of corporation controlled by you
Cheung Wing Lun Tony	2201 Interest of corporation controlled by you
Empire Charm Limited	2101 Beneficial owner
Best Growth International Limited	2101 Beneficial owner
Prestige Rich Holdings Limited	2101 Beneficial owner
Zhang Jinbing	2201 Interest of corporation controlled by you

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