Hong Wei (Asia) Holdings Co (HKSE:08191) Inventory Turnover : 0.00 (As of Jun. 2024)

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What is Hong Wei (Asia) Holdings Co 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. Hong Wei (Asia) Holdings Co's Cost of Goods Sold for the three months ended in Jun. 2024 was HK$0.0 Mil. Hong Wei (Asia) Holdings Co's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$209.9 Mil. Hong Wei (Asia) Holdings Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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.

Hong Wei (Asia) Holdings Co Inventory Turnover Historical Data

The historical data trend for Hong Wei (Asia) Holdings Co'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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Hong Wei (Asia) Holdings Co Inventory Turnover Chart

Hong Wei (Asia) Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.69

2.35

2.47

2.26

2.31

Hong Wei (Asia) Holdings Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.40	0.54	0.53	0.64	-

Hong Wei (Asia) Holdings Co Inventory Turnover Calculation

Hong Wei (Asia) Holdings Co'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 )
=	397.845	/ (	(151.111	+	193.573)	/	2 )
=	397.845	/	172.342
=	2.31

Hong Wei (Asia) Holdings Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	0	/ (	(193.573	+	226.284)	/	2 )
=	0	/	209.9285
=	0.00

Hong Wei (Asia) Holdings Co (HKSE:08191) 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.

Hong Wei (Asia) Holdings Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	209.9285	/	0	*	365 / 4
	=

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.

Hong Wei (Asia) Holdings Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	209.9285	/	0
	=

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.

Hong Wei (Asia) Holdings Co Inventory Turnover Related Terms

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Hong Wei (Asia) Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Hong Wei (Asia) Holdings Co Ltd (HKSE:08191) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Harcourt Road, Tower 1, Admiralty Centre, Unit 603, 6th floor, Admiralty, Hong Kong, HKG

Website

https://www.hongweiasia.com

Hong Wei (Asia) Holdings Co Ltd is an investment holding company It is engaged in the manufacturing and selling of particleboards. Its products are mainly made of undersized log, wood branches and agriculture and forestry residues. The Company's primary markets are located in the People's Republic of China (the PRC) and other Asian countries.

Executives

City East Investments Limited
Mutual Benefits Enterprise Limited
Kaneko Hiroshi
Yanase Kenichi	2201 Interest of corporation controlled by you
Cheung Ngar Kwan	2202 Interest of your spouse
Wong Cheung Lok	2101 Beneficial owner

Hong Wei (Asia) Holdings Co Headlines

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