Apex Ace Holding (HKSE:06036) Inventory Turnover : 7.30 (As of Dec. 2023)

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What is Apex Ace Holding 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. Apex Ace Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,487 Mil. Apex Ace Holding's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$204 Mil. Apex Ace Holding's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Apex Ace Holding's Days Inventory for the six months ended in Dec. 2023 was 25.00.

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. Apex Ace Holding's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.13.

Apex Ace Holding Inventory Turnover Historical Data

The historical data trend for Apex Ace Holding'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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Apex Ace Holding Inventory Turnover Chart

Apex Ace Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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20.63

10.19

10.03

12.06

11.75

Apex Ace Holding Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial												4.99	5.93	4.52	4.96	7.30

Apex Ace Holding Inventory Turnover Calculation

Apex Ace Holding'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 )
=	2365.799	/ (	(174.97	+	227.665)	/	2 )
=	2365.799	/	201.3175
=	11.75

Apex Ace Holding'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 )
=	1486.834	/ (	(179.66	+	227.665)	/	2 )
=	1486.834	/	203.6625
=	7.30

Apex Ace Holding (HKSE:06036) 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.

Apex Ace Holding'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
	=	203.6625	/	1486.834	*	365 / 2
	=	25.00

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.

Apex Ace Holding'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 )
	=	203.6625	/	1600.19
	=	0.13

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.

Apex Ace Holding Inventory Turnover Related Terms

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Apex Ace Holding (HKSE:06036) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Apex Ace Holding Ltd (HKSE:06036) » Definitions » Inventory Turnover

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Address

6011 Shennan Avenue, 26K, NEO Tower A, Futian District, Shenzhen, CHN

Website

https://www.apexace.com

Apex Ace Holding Ltd is a distributor of semiconductors and other electronic components and is engaged in the supply of digital storage products and general electronic components along with the provision of complementary technical support. It focuses on identifying, sourcing, selling and distributing electronic components produced by upstream manufacturers to downstream manufacturers in the PRC and Hong Kong. Its Digital Storage products include DRAM, FLASH and MCP memory products, which are applied to multimedia and mobile devices such as set-top boxes, smart TVs, wearable devices, mobile phones. Its General components include switches, connectors, passive components, main chips, sensors, power semiconductors and analog-to-digital converters.

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