Golden Power Group Holdings (HKSE:03919) Inventory Turnover : 2.41 (As of Dec. 2024)

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What is Golden Power Group 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. Golden Power Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$119.6 Mil. Golden Power Group Holdings's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$49.7 Mil. Golden Power Group Holdings's Inventory Turnover for the quarter that ended in Dec. 2024 was 2.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Golden Power Group Holdings's Days Inventory for the six months ended in Dec. 2024 was 75.82.

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. Golden Power Group Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.31.

Golden Power Group Holdings Inventory Turnover Historical Data

The historical data trend for Golden Power Group 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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Golden Power Group Holdings Inventory Turnover Chart

Golden Power Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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4.70

4.57

4.75

4.04

4.69

Golden Power Group 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															1.91	1.76	1.95	2.43	2.41

Golden Power Group Holdings Inventory Turnover Calculation

Golden Power Group 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 )
=	238.307	/ (	(49.962	+	51.764)	/	2 )
=	238.307	/	50.863
=	4.69

Golden Power Group 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 )
=	119.62	/ (	(47.629	+	51.764)	/	2 )
=	119.62	/	49.6965
=	2.41

Golden Power Group Holdings (HKSE:03919) 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.

Golden Power Group 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
	=	49.6965	/	119.62	*	365 / 2
	=	75.82

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.

Golden Power Group 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 )
	=	49.6965	/	160.212
	=	0.31

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.

Golden Power Group Holdings Inventory Turnover Related Terms

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Golden Power Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Golden Power Group Holdings Ltd (HKSE:03919) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

57 Ting Kok Road, Flat C, 20th Floor, Block 1, Tai Ping Industrial Centre, Tai Po, New Territories, Hong Kong, HKG

Website

http://www.goldenpower.com

Golden Power Group Holdings Ltd is an investment holding company, which engages in the manufacture and sale of batteries for electronic devices. It operates through the following segments: Disposable Batteries, Rechargeable Batteries, and Other Battery-Related Products. The Disposable Batteries segment contains cylindrical batteries and micro-button cells. The Rechargeable Batteries and Other Battery-Related Products segment includes battery charges, battery power packs, and electric fans. The majority of the firm's revenue is derived from the sale of disposable batteries. Its geographical segments are China, Hong Kong, Asia (except the PRC and Hong Kong), Europe, Eastern Europe, North America, South America, Australia, Africa, and the Middle East.

Executives

Golden Villa Ltd.	2101 Beneficial owner
Triumph Treasure Holdings Limited	2101 Beneficial owner
Chu King Tien	2201 Interest of corporation controlled by you
Mo Yuk Ling	2202 Interest of your spouse
Chu Shuk Ching	2201 Interest of corporation controlled by you

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