Clifford Modern Living Holdings (HKSE:03686) Inventory Turnover : 11.23 (As of Dec. 2024)

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What is Clifford Modern Living 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. Clifford Modern Living Holdings's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$107.1 Mil. Clifford Modern Living Holdings's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$9.5 Mil. Clifford Modern Living Holdings's Inventory Turnover for the quarter that ended in Dec. 2024 was 11.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Clifford Modern Living Holdings's Days Inventory for the six months ended in Dec. 2024 was 16.25.

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. Clifford Modern Living Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.05.

Clifford Modern Living Holdings Inventory Turnover Historical Data

The historical data trend for Clifford Modern Living 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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Clifford Modern Living Holdings Inventory Turnover Chart

Clifford Modern Living Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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20.54

14.83

11.02

12.98

19.50

Clifford Modern Living Holdings Semi-Annual Data
	Dec14	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															5.81	6.28	8.77	10.51	11.23

Clifford Modern Living Holdings Inventory Turnover Calculation

Clifford Modern Living 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 )
=	211.418	/ (	(11.309	+	10.371)	/	2 )
=	211.418	/	10.84
=	19.50

Clifford Modern Living 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 )
=	107.1	/ (	(8.706	+	10.371)	/	2 )
=	107.1	/	9.5385
=	11.23

Clifford Modern Living Holdings (HKSE:03686) 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.

Clifford Modern Living 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
	=	9.5385	/	107.1	*	365 / 2
	=	16.25

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.

Clifford Modern Living 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 )
	=	9.5385	/	197.644
	=	0.05

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.

Clifford Modern Living Holdings Inventory Turnover Related Terms

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Clifford Modern Living Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Clifford Modern Living Holdings Ltd (HKSE:03686) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Shiguang Road, Panyu, Guangdong, Guangzhou, CHN, 511496

Website

http://www.cliffordmodernliving.com

Clifford Modern Living Holdings Ltd is an investment holding company. The group is engaged in the provision of services to residents in properties developed under the brand name Clifford, including retail services, catering services, property management services, laundry services, off-campus training services, property agency services, employment placement services, information technology services, renovation and fitting-out services, in the PRC Mainland. It is a diversified service portfolio comprising six main service segments; Property management services, Renovation and fitting-out services, Retail services, Off-campus training services, Information technology services and Ancillary Living Services.

Executives

Man Lai Hung	2101 Beneficial owner
Pang Lun Kee Clifford	2202 Interest of your spouse
Elland Holdings Limited	2101 Beneficial owner

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