Jin Mi Fang Group Holdings (HKSE:08300) Inventory Turnover : 1.74 (As of Sep. 2023)

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What is Jin Mi Fang 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. Jin Mi Fang Group Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$5.40 Mil. Jin Mi Fang Group Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$3.10 Mil. Jin Mi Fang Group Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jin Mi Fang Group Holdings's Days Inventory for the three months ended in Sep. 2023 was 52.37.

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. Jin Mi Fang Group Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.29.

Jin Mi Fang Group Holdings Inventory Turnover Historical Data

The historical data trend for Jin Mi Fang 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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Jin Mi Fang Group Holdings Inventory Turnover Chart

Jin Mi Fang Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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43.61

31.20

31.41

36.56

2.68

Jin Mi Fang 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															0.49	0.53	0.58	0.26	1.74

Jin Mi Fang Group Holdings Inventory Turnover Calculation

Jin Mi Fang 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 )
=	8.974	/ (	(0.171	+	6.517)	/	2 )
=	8.974	/	3.344
=	2.68

Jin Mi Fang 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 )
=	5.401	/ (	(0	+	3.1)	/	1 )
=	5.401	/	3.1
=	1.74

Jin Mi Fang Group Holdings (HKSE:08300) 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.

Jin Mi Fang 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
	=	3.1	/	5.401	*	365 / 4
	=	52.37

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.

Jin Mi Fang 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 )
	=	3.1	/	10.634
	=	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.

Jin Mi Fang Group Holdings Inventory Turnover Related Terms

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Jin Mi Fang Group Holdings (HKSE:08300) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Jin Mi Fang Group Holdings Ltd (HKSE:08300) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

489-491 Castle Peak Road, Unit 603, 6th Floor, Block A, Hong Kong Industrial Centre, Kowloon, Hong Kong, HKG

Website

http://www.hkrcg.com

Royal Group Holdings International Co Ltd is an investment holding company. The company provides food catering services through a chain of casual dining food catering services restaurants. The company also trades in luxury watches and earns maximum revenue from the Restaurant segment. All of the group's revenue is derived from Hong Kong.

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