Cornerstone Technologies Holdings (HKSE:08391) Inventory Turnover : 3.27 (As of Dec. 2023)

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What is Cornerstone Technologies 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. Cornerstone Technologies Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$20.1 Mil. Cornerstone Technologies Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$6.1 Mil. Cornerstone Technologies Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cornerstone Technologies Holdings's Days Inventory for the three months ended in Dec. 2023 was 27.87.

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. Cornerstone Technologies Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.23.

Cornerstone Technologies Holdings Inventory Turnover Historical Data

The historical data trend for Cornerstone Technologies 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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Cornerstone Technologies Holdings Inventory Turnover Chart

Cornerstone Technologies Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Inventory Turnover

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24.04

36.52

11.42

3.76

9.23

Cornerstone Technologies 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															1.41	1.83	3.38	2.82	3.27

Cornerstone Technologies Holdings Inventory Turnover Calculation

Cornerstone Technologies 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 )
=	63.908	/ (	(7.723	+	6.123)	/	2 )
=	63.908	/	6.923
=	9.23

Cornerstone Technologies 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 )
=	20.05	/ (	(0	+	6.123)	/	1 )
=	20.05	/	6.123
=	3.27

Cornerstone Technologies Holdings (HKSE:08391) 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.

Cornerstone Technologies 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
	=	6.123	/	20.05	*	365 / 4
	=	27.87

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.

Cornerstone Technologies 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 )
	=	6.123	/	26.183
	=	0.23

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.

Cornerstone Technologies Holdings Inventory Turnover Related Terms

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Cornerstone Technologies Holdings (HKSE:08391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Cornerstone Technologies Holdings Ltd (HKSE:08391) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Science Museum Road, Office Units 1107 - 11, 11th Floor, New East Ocean Centre, Kowloon - District, Hong Kong, HKG

Website

https://www.cstl.com.hk

Cornerstone Technologies Holdings Ltd is an investment holding company. It is a printing services provider which principally engages in the provisions of printing, typesetting and translation services in Hong Kong. The group is also engaged in supplying EV integrated charging solutions, including central management system, hub for e-payment, load management system and license plate recognition system to electric vehicle and smart parking. It derives prime revenue from the Printing business.

Executives

Wu Jianwei	2101 Beneficial owner
Liang Zihao	2101 Beneficial owner
Global Fortune Global Limited	2101 Beneficial owner
Tanner Enterprises Group Limited	2201 Interest of corporation controlled by you
Glorytwin Limited	2101 Beneficial owner
Wu Yanyan	2101 Beneficial owner
Li Man Keung Edwin	2201 Interest of corporation controlled by you
Gateway Capital (hong Kong) Limited	2102 Investment manager
Gaw Growth Equity Fund I Gp Limited	2201 Interest of corporation controlled by you
Abax Asian Structured Private Credit Fund 2022, Lp	2101 Beneficial owner
Abax Global Capital Gp 2022 Ltd.	2201 Interest of corporation controlled by you
Lau Wai Yan Lawson	2101 Beneficial owner

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