Keep (HKSE:03650) Inventory Turnover : 4.59 (As of Dec. 2023)

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What is Keep 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. Keep's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$673 Mil. Keep's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$147 Mil. Keep's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Keep's Days Inventory for the six months ended in Dec. 2023 was 39.75.

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. Keep's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.12.

Keep Inventory Turnover Historical Data

The historical data trend for Keep'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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Keep Inventory Turnover Chart

Keep Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

4.13

5.88

6.03

6.80

8.04

Keep Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			-	2.88	4.25	3.53	4.59

Keep Inventory Turnover Calculation

Keep'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 )
=	1286.492	/ (	(187.314	+	132.763)	/	2 )
=	1286.492	/	160.0385
=	8.04

Keep'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 )
=	672.898	/ (	(160.356	+	132.763)	/	2 )
=	672.898	/	146.5595
=	4.59

Keep (HKSE:03650) 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.

Keep'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
	=	146.5595	/	672.898	*	365 / 2
	=	39.75

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.

Keep'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 )
	=	146.5595	/	1261.322
	=	0.12

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.

Keep Inventory Turnover Related Terms

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Keep (HKSE:03650) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Keep Inc (HKSE:03650) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Wangjing Street, Building D, Vanke Time Square, Chaoyang, Beijing, CHN

Website

https://keep.com

Keep Inc is a growing and result-oriented platform that provides users with a comprehensive fitness solution to help them achieve their fitness goals. It offers extensive and professional fitness content with AI-assisted personalized curriculums, encompassing interactive live-streaming classes and recorded fitness courses, that dynamically adjust course content and workout intensity based on users' athletic levels, fitness goals, daily workout patterns and diet. Its content is complemented by a variety of smart fitness devices, fitness gear, apparel and food, which enables seamlessly connecting the physical and digital realms to create an immersive, one-stop fitness experience.

Executives

Arrow Factory Limited	2501 Other
Trident Trust Company (hk) Limited	2501 Other
Wang Ning	2501 Other
Persistent Courage Holdings Limited	2501 Other
Softbank Vision Fund Ii-2 L.p.	2201 Interest of corporation controlled by you
Svf Ii Gp (jersey) Limited	2201 Interest of corporation controlled by you
Svf Ii Holdings (de) Llc	2201 Interest of corporation controlled by you
Svf Ii Investment Holdings (subco) Llc	2201 Interest of corporation controlled by you
Svf Ii Investment Holdings Llc	2201 Interest of corporation controlled by you
Softbank Group Corp.	2201 Interest of corporation controlled by you
Softbank Group Overseas Gk	2201 Interest of corporation controlled by you
Svf Ii Calorie Subco (de) Llc	2101 Beneficial owner
Svf Ii Aggregator (jersey) L.p.	2201 Interest of corporation controlled by you
Sb Global Advisers Limited	2201 Interest of corporation controlled by you
Sb Global Advisers Capital Markets Limited	2201 Interest of corporation controlled by you

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