China United Venture Investment (HKSE:08159) Inventory Turnover : 1.17 (As of Sep. 2023)

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What is China United Venture Investment 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. China United Venture Investment's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$31.3 Mil. China United Venture Investment's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$26.8 Mil. China United Venture Investment's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China United Venture Investment's Days Inventory for the three months ended in Sep. 2023 was 78.30.

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. China United Venture Investment's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.67.

China United Venture Investment Inventory Turnover Historical Data

The historical data trend for China United Venture Investment'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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China United Venture Investment Inventory Turnover Chart

China United Venture Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.28

5.73

5.85

5.48

5.36

China United Venture Investment 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															1.33	1.16	1.53	1.17	1.91

China United Venture Investment Inventory Turnover Calculation

China United Venture Investment'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 )
=	162.251	/ (	(34.367	+	26.199)	/	2 )
=	162.251	/	30.283
=	5.36

China United Venture Investment'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 )
=	31.285	/ (	(26.846	+	0)	/	1 )
=	31.285	/	26.846
=	1.17

China United Venture Investment (HKSE:08159) 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.

China United Venture Investment'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
	=	26.846	/	31.285	*	365 / 4
	=	78.30

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.

China United Venture Investment'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 )
	=	26.846	/	39.977
	=	0.67

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.

China United Venture Investment Inventory Turnover Related Terms

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China United Venture Investment (HKSE:08159) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China United Venture Investment Ltd (HKSE:08159) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

No. 12 Harcourt Road, Room 1801-1802, 18th Floor, Bank of America Tower, Central, Hong Kong, HKG

Website

https://www.glorymark.com.tw

China United Venture Investment Ltd is engaged in the business of design, manufacture, and sales of connectivity products. The products are mainly used in computers, computer peripheral products, multi-media consumable electronic products, communication products, automobile electronics accessories, wire harnesses and medical equipment. Some of the products offered are USB hub, Card reader, Dongle, Cables and others. The company's segment includes the Original equipment manufacturer (OEM) customers segment, the Provision of comprehensive architectural services, and the Retail distributor's segment. Most of the firm's revenue gets derived through the OEM customers segment.

Executives

Wang Li Feng	2101 Beneficial owner
Pt Design Group Holdings Limited
Wise Thinker Holdings Limited
Pt Design Group Limited	2101 Beneficial owner
Wise Thinker Holding Limited	2101 Beneficial owner

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