Vertical International Holdings (HKSE:08375) Inventory Turnover : 2.53 (As of Dec. 2023)

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What is Vertical International 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. Vertical International Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$19.36 Mil. Vertical International Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$7.64 Mil. Vertical International Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vertical International Holdings's Days Inventory for the three months ended in Dec. 2023 was 36.02.

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. Vertical International Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.35.

Vertical International Holdings Inventory Turnover Historical Data

The historical data trend for Vertical International 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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Vertical International Holdings Inventory Turnover Chart

Vertical International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.93

8.18

7.89

5.61

8.04

Vertical International 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															1.58	1.48	2.06	2.45	2.53

Vertical International Holdings Inventory Turnover Calculation

Vertical International 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 )
=	78.139	/ (	(11.8	+	7.642)	/	2 )
=	78.139	/	9.721
=	8.04

Vertical International 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 )
=	19.362	/ (	(0	+	7.642)	/	1 )
=	19.362	/	7.642
=	2.53

Vertical International Holdings (HKSE:08375) 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.

Vertical International 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
	=	7.642	/	19.362	*	365 / 4
	=	36.02

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.

Vertical International 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 )
	=	7.642	/	21.829
	=	0.35

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.

Vertical International Holdings Inventory Turnover Related Terms

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Vertical International Holdings (HKSE:08375) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Vertical International Holdings Ltd (HKSE:08375) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

63 Wing Hong Street, Unit 2212, 22 Floor, Global Gateway Tower, Cheung Sha Wan, Hong Kong, HKG

Website

http://www.verticaltech.com.cn

Vertical International Holdings Ltd is an investment holding company. It company, with its subsidiaries, is in the Sales of manufactured aluminum electrolytic capacitors and Trading of electronic components segments. It derives key revenue from the sales of manufactured aluminum electrolytic capacitors business which involves the manufacturing and selling of aluminum electrolytic capacitors and represents the manufacturing and selling of chip-type and radial lead-type aluminum electrolytic capacitors in the PRC. Geographically, the group has a business presence in Hong Kong, PRC, Japan, and Other Asian regions.

Executives

Boon Ho Yin Henry	2101 Beneficial owner
Sun Koon Kwan	2202 Interest of your spouse
Vertical Technology Investment Limited	2101 Beneficial owner

Vertical International Holdings (HKSE:08375) Headlines

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