IMS Group Holdings (HKSE:08136) Inventory Turnover : 1.42 (As of Sep. 2023)

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What is IMS Group 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. IMS Group Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$11.12 Mil. IMS Group Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$7.84 Mil. IMS Group Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IMS Group Holdings's Days Inventory for the three months ended in Sep. 2023 was 64.33.

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. IMS Group Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.27.

IMS Group Holdings Inventory Turnover Historical Data

The historical data trend for IMS Group 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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IMS Group Holdings Inventory Turnover Chart

IMS Group Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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45.73

27.12

11.53

7.48

4.46

IMS Group Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.86	1.28	0.59	0.92	1.42

IMS Group Holdings Inventory Turnover Calculation

IMS Group Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	39.376	/ (	(6.434	+	11.225)	/	2 )
=	39.376	/	8.8295
=	4.46

IMS Group 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 )
=	11.12	/ (	(0	+	7.84)	/	1 )
=	11.12	/	7.84
=	1.42

IMS Group Holdings (HKSE:08136) 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.

IMS Group 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
	=	7.84	/	11.12	*	365 / 4
	=	64.33

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.

IMS Group 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 )
	=	7.84	/	28.845
	=	0.27

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.

IMS Group Holdings Inventory Turnover Related Terms

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IMS Group Holdings (HKSE:08136) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » IMS Group Holdings Ltd (HKSE:08136) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 8 Watson Road, North Point, 12th floor, Unit 1201, Block C Seaview Estate, Hong Kong, HKG

Website

https://www.imsgroupholdings.com

IMS Group Holdings Ltd is a provider of integrated LED lighting solutions. The company principally engaged in sale of LED lighting fixtures and visual-audio system, provision of integrated LED lighting solution services, project consultancy and LED lighting system maintenance services, sale of 3D printing materials and provision for 3D printing services. The firm receives a majority of its revenue from the sale of LED lighting fixtures followed by integrated LED lighting solution services. It has a business presence in Hong Kong, the PRC, Asia, Europe and others, of which the key revenue is derived from the PRC.

Executives

The Garage Investment Limited	2101 Beneficial owner
Ng Wing Sze	2202 Interest of your spouse
Tam Yat Ming Andrew	2201 Interest of corporation controlled by you
Wan Man Hong	2101 Beneficial owner
Yeung Ngai	2202 Interest of your spouse
Hung Ying	2101 Beneficial owner
Yeung Wun Tang Andy	2202 Interest of your spouse

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