KangLi International Holdings (HKSE:06890) Inventory Turnover : 1.84 (As of Jun. 2024)

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What is KangLi International 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. KangLi International Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$952 Mil. KangLi International Holdings's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$518 Mil. KangLi International Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. KangLi International Holdings's Days Inventory for the six months ended in Jun. 2024 was 99.38.

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. KangLi International Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.48.

KangLi International Holdings Inventory Turnover Historical Data

The historical data trend for KangLi International 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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KangLi International Holdings Inventory Turnover Chart

KangLi International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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3.82

4.46

3.61

4.12

3.83

KangLi International Holdings Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial												1.69	1.93	2.19	1.84	1.81

KangLi International Holdings Inventory Turnover Calculation

KangLi International Holdings'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 )
=	1912.042	/ (	(424.951	+	502.702)	/	2 )
=	1912.042	/	463.8265
=	4.12

KangLi International Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	951.946	/ (	(502.702	+	534.11)	/	2 )
=	951.946	/	518.406
=	1.84

KangLi International Holdings (HKSE:06890) 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.

KangLi International Holdings's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	518.406	/	951.946	*	365 / 2
	=	99.38

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.

KangLi International Holdings's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	518.406	/	1082.435
	=	0.48

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.

KangLi International Holdings Inventory Turnover Related Terms

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KangLi International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » KangLi International Holdings Ltd (HKSE:06890) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hengshanqiao Town, Wujin District, Wuyi County, Jiangsu Province, Changzhou, CHN

Website

http://www.jnpmm.com

KangLi International Holdings Ltd is engaged in the production and sales of unpainted and painted galvanized steel products to midstream steel product processors, and cold-rolled steel products to home appliance manufacturers. The company has three operating segments; the Hard steel coil segment includes the manufacture and sale of cold-rolled hard steel coil, the Unpainted galvanized steel products segment includes the manufacture and sale of hot-dipped galvanized/zinc-coated steel coil and sheet; the Painted galvanized steel products segment includes the manufacture and sale of hot-dipped color coated galvanized steel coil and sheet and the Property management services. It derives a majority of its revenue from the People's Republic of China.

Executives

Liu Ping	2202 Interest of your spouse
Mei Zefeng	2201 Interest of corporation controlled by you
Newrich Limited	2101 Beneficial owner
Star Century Corporate Limited	2101 Beneficial owner
Chang Zhou Dong Fang Xin Cheng Jian She You Xian Gong Si	2201 Interest of corporation controlled by you
Chang Zhou Dong Fang Shui Wu Tou Zi Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Jiang Su Chang Zhou Jing Ji Kai Fa Qu Guan Li Wei Yuan Hui	2201 Interest of corporation controlled by you
Xiang Gang Dong Fang Kong Gu Shi Ye You Xian Gong Si	2101 Beneficial owner

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