Telecom Service One Holdings (HKSE:03997) Inventory Turnover : 3.19 (As of Sep. 2023)

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What is Telecom Service One 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. Telecom Service One Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$19.41 Mil. Telecom Service One Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$6.09 Mil. Telecom Service One Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 3.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Telecom Service One Holdings's Days Inventory for the six months ended in Sep. 2023 was 57.23.

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. Telecom Service One Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.23.

Telecom Service One Holdings Inventory Turnover Historical Data

The historical data trend for Telecom Service One 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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Telecom Service One Holdings Inventory Turnover Chart

Telecom Service One Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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24.14

24.44

28.10

15.70

9.70

Telecom Service One Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															11.17	9.50	6.47	3.70	3.19

Telecom Service One Holdings Inventory Turnover Calculation

Telecom Service One Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	39.996	/ (	(2.043	+	6.201)	/	2 )
=	39.996	/	4.122
=	9.70

Telecom Service One Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	19.41	/ (	(6.201	+	5.973)	/	2 )
=	19.41	/	6.087
=	3.19

Telecom Service One Holdings (HKSE:03997) 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.

Telecom Service One Holdings's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	6.087	/	19.41	*	365 / 2
	=	57.23

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.

Telecom Service One Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	6.087	/	26.998
	=	0.23

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.

Telecom Service One Holdings Inventory Turnover Related Terms

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Telecom Service One Holdings (HKSE:03997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Telecom Service One Holdings Ltd (HKSE:03997) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

59 Tai Yip Street, Unit C, 3/F, Sunshine Kowloon Bay Cargo Centre, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

https://www.tso.cc

Telecom Service One Holdings Ltd is an investment holding company. The company is engaged in the provision of repair and refurbishment services for mobile phones and other personal electronic products as well as the sales of related accessories and provision of supportive services. Geographically, it derives all of its revenue from Hong Kong and also has a presence in PRC and Macau. Repairing service generates maximum revenue for the company.

Executives

Cheung King Shan	2101 Beneficial owner
Tang Fung Yin Anita	2202 Interest of your spouse
Cheung King Fung Sunny	2101 Beneficial owner
Yeung Ho Ki	2202 Interest of your spouse
Cheung King Shek	2101 Beneficial owner
Cheung King Chuen Bobby	2101 Beneficial owner

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