V & V Technology Holdings (HKSE:08113) Inventory Turnover : 2.33 (As of Dec. 2023)

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What is V & V Technology 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. V & V Technology Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$255 Mil. V & V Technology Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$110 Mil. V & V Technology Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. V & V Technology Holdings's Days Inventory for the three months ended in Dec. 2023 was 39.20.

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. V & V Technology Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.43.

V & V Technology Holdings Inventory Turnover Historical Data

The historical data trend for V & V Technology 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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V & V Technology Holdings Inventory Turnover Chart

V & V Technology Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.51

8.94

7.95

5.68

9.26

V & V Technology 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															3.05	2.11	2.33	2.09	2.33

V & V Technology Holdings Inventory Turnover Calculation

V & V Technology 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 )
=	1158.618	/ (	(140.771	+	109.58)	/	2 )
=	1158.618	/	125.1755
=	9.26

V & V Technology 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 )
=	255.082	/ (	(0	+	109.58)	/	1 )
=	255.082	/	109.58
=	2.33

V & V Technology Holdings (HKSE:08113) 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.

V & V Technology 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
	=	109.58	/	255.082	*	365 / 4
	=	39.20

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.

V & V Technology 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 )
	=	109.58	/	257.216
	=	0.43

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.

V & V Technology Holdings Inventory Turnover Related Terms

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V & V Technology Holdings (HKSE:08113) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » V & V Technology Holdings Ltd (HKSE:08113) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

37 Ma Tau Wai Road, Room 614, 6th Floor, Tower B, Hunghom Commercial Centre, Hunghom, Kowloon, Hong Kong, HKG

Website

https://www.hi-levelhk.com

Hi-Level Technology Holdings Ltd is engaged in the sale of electronic components like integrated circuit (IC) and panels for consumer electronics products such as mobile internet devices, electronic learning aids, smartphone panel modules, tablets, set-top boxes, video image devices, and multi-media players. The company has one business segment that is Sale of electronics products. Geographically the group has a business presence in the PRC, Hong Kong, Taiwan, Korea and others, of which key revenue is derived from the PRC.

Executives

Wei Wei	2101 Beneficial owner
Chang Wei Hua	2101 Beneficial owner
S.a.s. Dragon Holdings Limited	2501 Other
S.a.s. Investment Company Limited	2101 Beneficial owner
Unimicro Limited	2501 Other
Vertex Value Limited	2101 Beneficial owner
Victory Echo Holdings Limited	2101 Beneficial owner
Yim Yuk Lun, Stanley	2201 Interest of corporation controlled by you

V & V Technology Holdings (HKSE:08113) Headlines

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