The Hour Glass (The Hour Glass) Inventory Turnover : 1.31 (As of Sep. 2023)

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What is The Hour Glass 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. The Hour Glass's Cost of Goods Sold for the six months ended in Sep. 2023 was $282.86 Mil. The Hour Glass's Average Total Inventories for the quarter that ended in Sep. 2023 was $216.26 Mil. The Hour Glass's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Hour Glass's Days Inventory for the six months ended in Sep. 2023 was 139.53.

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. The Hour Glass's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.53.

The Hour Glass Inventory Turnover Historical Data

The historical data trend for The Hour Glass'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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The Hour Glass Inventory Turnover Chart

The Hour Glass Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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1.82

1.98

2.69

2.79

The Hour Glass Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															1.29	1.41	1.43	1.39	1.31

The Hour Glass Inventory Turnover Calculation

The Hour Glass'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 )
=	556.15	/ (	(187.064	+	211.517)	/	2 )
=	556.15	/	199.2905
=	2.79

The Hour Glass'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: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	282.862	/ (	(211.517	+	220.997)	/	2 )
=	282.862	/	216.257
=	1.31

The Hour Glass (GREY:HRGSF) 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.

The Hour Glass's Days Inventory for the six 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
	=	216.257	/	282.862	*	365 / 2
	=	139.53

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.

The Hour Glass'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 )
	=	216.257	/	409.459
	=	0.53

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.

The Hour Glass Inventory Turnover Related Terms

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The Hour Glass (The Hour Glass) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » The Hour Glass Ltd (GREY:HRGSF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

AGS:Singapore

Address

302 Orchard Road, No. 11-01 Tong Building, Singapore, SGP, 238862

Website

https://www.thehourglass.com

The Hour Glass Ltd is a Singapore-based investment holding company. The company is engaged in the retailing and distribution of watches, jewellery and other luxury products. It also invests in properties. The company's geographical segments include South East Asia and Oceania; and North East Asia. It generates maximum revenue from South East Asia and Oceania segment. Some of its brands include A. Lange & Sohne, Blancpain, Cartier, Hublot, Rolex, and others.

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