EFT Solutions Holdings (HKSE:08062) Inventory Turnover : 1.87 (As of Sep. 2023)

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What is EFT Solutions 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. EFT Solutions Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$15.6 Mil. EFT Solutions Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$8.4 Mil. EFT Solutions Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. EFT Solutions Holdings's Days Inventory for the three months ended in Sep. 2023 was 48.91.

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. EFT Solutions Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.29.

EFT Solutions Holdings Inventory Turnover Historical Data

The historical data trend for EFT Solutions 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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EFT Solutions Holdings Inventory Turnover Chart

EFT Solutions Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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8.86

8.41

6.62

6.71

13.91

EFT Solutions Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.05	3.08	2.28	1.87	-

EFT Solutions Holdings Inventory Turnover Calculation

EFT Solutions Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	65.523	/ (	(5.512	+	3.912)	/	2 )
=	65.523	/	4.712
=	13.91

EFT Solutions 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: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	15.587	/ (	(0	+	8.355)	/	1 )
=	15.587	/	8.355
=	1.87

EFT Solutions Holdings (HKSE:08062) 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.

EFT Solutions Holdings's Days Inventory for the three 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
	=	8.355	/	15.587	*	365 / 4
	=	48.91

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.

EFT Solutions 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 )
	=	8.355	/	29.174
	=	0.29

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.

EFT Solutions Holdings Inventory Turnover Related Terms

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EFT Solutions Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » EFT Solutions Holdings Ltd (HKSE:08062) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

28-36 Kwai Fung Crescent, Workshops B1 & B3, 11th Floor, Yip Fung Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.eftsolutions.com

EFT Solutions Holdings Ltd is engaged in the sourcing of electronic fund transfer point-of-sale (EFT-POS) solution providers focusing on the sourcing of EFT-POS terminals and peripheral devices and the provision of EFT-POS system support services in Hong Kong. Its segments consist of Sales of hardware devices, System support and software solution services. The majority of the revenue is derived from the provision of system support, software solution services, POS software solutions services and embedded system solution services.

Executives

Lam Ching Man	2202 Interest of your spouse
Lo Chun Kit Andrew	2101 Beneficial owner
Lck Group Limited	2101 Beneficial owner

EFT Solutions Holdings Headlines

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