Luxey International (Holdings) (HKSE:08041) Inventory Turnover : 2.25 (As of Dec. 2023)

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What is Luxey 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. Luxey International (Holdings)'s Cost of Goods Sold for the three months ended in Dec. 2023 was HK$14.16 Mil. Luxey International (Holdings)'s Average Total Inventories for the quarter that ended in Dec. 2023 was HK$6.29 Mil. Luxey International (Holdings)'s Inventory Turnover for the quarter that ended in Dec. 2023 was 2.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Luxey International (Holdings)'s Days Inventory for the three months ended in Dec. 2023 was 40.52.

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. Luxey International (Holdings)'s Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.35.

Luxey International (Holdings) Inventory Turnover Historical Data

The historical data trend for Luxey 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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Luxey International (Holdings) Inventory Turnover Chart

Luxey International (Holdings) Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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33.97

24.57

21.05

11.50

15.07

Luxey International (Holdings) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.98	1.12	6.80	2.48	2.25

Luxey International (Holdings) Inventory Turnover Calculation

Luxey International (Holdings)'s Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	57.061	/ (	(5.482	+	2.092)	/	2 )
=	57.061	/	3.787
=	15.07

Luxey International (Holdings)'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	14.157	/ (	(0	+	6.286)	/	1 )
=	14.157	/	6.286
=	2.25

Luxey International (Holdings) (HKSE:08041) 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.

Luxey International (Holdings)'s Days Inventory for the three 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
	=	6.286	/	14.157	*	365 / 4
	=	40.52

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.

Luxey International (Holdings)'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 )
	=	6.286	/	18.034
	=	0.35

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.

Luxey International (Holdings) Inventory Turnover Related Terms

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Luxey International (Holdings) (HKSE:08041) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Luxey International (Holdings) Ltd (HKSE:08041) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Wing Ming Street, Hang Cheong Factory Building, Unit B, 5th floor, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.luxey.com.hk

Luxey International (Holdings) Ltd is an is an investment holding company. The company along with its subsidiaries operates in three segments, the Swimwear and garment segment is engaged in the manufacturing and trading of swimwear and garment products. The E-commerce and online shopping-related segment is engaged in the E-Commerce and provision of online shopping services. The money lending segment includes lending activities, and the majority of its revenue generates from the Swimwear and garment segment.

Executives

Wide Select Investments Limited	2101 Beneficial owner
Lee Yim	2201 Interest of corporation controlled by you
Lau Chi Yuen Joseph	2101 Beneficial owner
Big Good Management Limited	2101 Beneficial owner
Ma Hoi Cheuk	2201 Interest of corporation controlled by you
Jl Investments Capital Limited	2101 Beneficial owner

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