Weilong Delicious Global Holdings (HKSE:09985) Inventory Turnover : 3.11 (As of Dec. 2023)

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What is Weilong Delicious Global 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. Weilong Delicious Global Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,452 Mil. Weilong Delicious Global Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$467 Mil. Weilong Delicious Global Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Weilong Delicious Global Holdings's Days Inventory for the six months ended in Dec. 2023 was 58.64.

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. Weilong Delicious Global Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.17.

Weilong Delicious Global Holdings Inventory Turnover Historical Data

The historical data trend for Weilong Delicious Global 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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Weilong Delicious Global Holdings Inventory Turnover Chart

Weilong Delicious Global Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

5.33

5.58

5.33

4.24

4.94

Weilong Delicious Global Holdings Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			2.57	2.45	2.24	2.34	3.11

Weilong Delicious Global Holdings Inventory Turnover Calculation

Weilong Delicious Global 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 )
=	2788.023	/ (	(669.206	+	459.27)	/	2 )
=	2788.023	/	564.238
=	4.94

Weilong Delicious Global 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1452.436	/ (	(474.167	+	459.27)	/	2 )
=	1452.436	/	466.7185
=	3.11

Weilong Delicious Global Holdings (HKSE:09985) 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.

Weilong Delicious Global Holdings's Days Inventory for the six 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
	=	466.7185	/	1452.436	*	365 / 2
	=	58.64

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.

Weilong Delicious Global 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 )
	=	466.7185	/	2782.997
	=	0.17

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.

Weilong Delicious Global Holdings Inventory Turnover Related Terms

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Weilong Delicious Global Holdings (HKSE:09985) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Weilong Delicious Global Holdings Ltd (HKSE:09985) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Intersection of Dongfanghong Road and Zhongshan Road, Southwest Corner, Shaoling District, Henan, Luohe, CHN

Website

https://www.weilongshipin.com

Weilong Delicious Global Holdings Ltd is principally engaged in the production and sale of spicy snack food. The group is organized into business units based on the products and has three reportable operating segments namely, Seasoned flour products, comprising Big Latiao, Mini Latiao, Spicy Hot Stick, Mini Hot Stick and Kiss Burn; Vegetable products, comprising Konjac Shuang and Fengchi Kelp and Bean-based and other products, comprising Soft Tofu Skin, 78 Braised egg and meat products. Majority of the company's revenue is derived from Seasoned flour products and the business activities are conducted in China.

Executives

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Liu Weiping	2305 Beneficiary of a trust

Weilong Delicious Global Holdings (HKSE:09985) Headlines

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