Yik Wo International Holdings (HKSE:08659) Inventory Turnover : 7.31 (As of Dec. 2023)

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What is Yik Wo 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. Yik Wo International Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$69.2 Mil. Yik Wo International Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$9.5 Mil. Yik Wo International Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yik Wo International Holdings's Days Inventory for the three months ended in Dec. 2023 was 12.48.

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. Yik Wo International Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.10.

Yik Wo International Holdings Inventory Turnover Historical Data

The historical data trend for Yik Wo 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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Yik Wo International Holdings Inventory Turnover Chart

Yik Wo International Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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24.52

24.62

26.00

25.36

27.10

Yik Wo International Holdings Quarterly Data
	Dec18	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															7.34	5.39	5.90	5.80	7.31

Yik Wo International Holdings Inventory Turnover Calculation

Yik Wo 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 )
=	250.671	/ (	(9.04	+	9.46)	/	2 )
=	250.671	/	9.25
=	27.10

Yik Wo 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 )
=	69.156	/ (	(0	+	9.46)	/	1 )
=	69.156	/	9.46
=	7.31

Yik Wo International Holdings (HKSE:08659) 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.

Yik Wo 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
	=	9.46	/	69.156	*	365 / 4
	=	12.48

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.

Yik Wo 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 )
	=	9.46	/	96.728
	=	0.10

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.

Yik Wo International Holdings Inventory Turnover Related Terms

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Yik Wo International Holdings (HKSE:08659) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Yik Wo International Holdings Ltd (HKSE:08659) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wukeng Industrial Zone, Longhu Town, Fujian Province, Jinjiang, CHN

Website

https://www.yikwo.cn

Yik Wo International Holdings Ltd is engaged in the design and development, manufacturing and sales of disposable plastic food storage containers. The company's plastic containers are processed by high temperature hot-melt plastic injection moulding method with polypropylene resin or other thermoplastic materials. In terms of application, disposable plastic food storage containers can be divided into lunch boxes, fresh and preserved fruit containers, semi-food containers and others. It sells its products under JAZZIT brand. Its regular products feature with only one compartment; and customised products can store various kinds of food and beverage with its multi-compartment disposable plastic food storage containers. The group derives prime revenue from the PRC.

Yik Wo International Holdings (HKSE:08659) Headlines

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