KMFG (Keemo Fashion Group) Inventory Turnover : 0.50 (As of Oct. 2024)

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What is Keemo Fashion Group 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. Keemo Fashion Group's Cost of Goods Sold for the three months ended in Oct. 2024 was $0.00 Mil. Keemo Fashion Group's Average Total Inventories for the quarter that ended in Oct. 2024 was $0.00 Mil. Keemo Fashion Group's Inventory Turnover for the quarter that ended in Oct. 2024 was 0.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Keemo Fashion Group's Days Inventory for the three months ended in Oct. 2024 was 182.50.

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. Keemo Fashion Group's Inventory-to-Revenue for the quarter that ended in Oct. 2024 was 0.80.

Keemo Fashion Group Inventory Turnover Historical Data

The historical data trend for Keemo Fashion Group'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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Keemo Fashion Group Inventory Turnover Chart

Keemo Fashion Group Annual Data

Trend

Jul23

Jul24

Inventory Turnover

3.00

3.67

Keemo Fashion Group Quarterly Data
	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Inventory Turnover	Get a 7-Day Free Trial			1.33	0.67	0.75	0.75	0.50

Keemo Fashion Group Inventory Turnover Calculation

Keemo Fashion Group's Inventory Turnover for the fiscal year that ended in Jul. 2024 is calculated as

	Inventory Turnover (A: Jul. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2024 )	/ (	(Total Inventories (A: Jul. 2023 )	+	Total Inventories (A: Jul. 2024 ))	/	count )
=	0.011	/ (	(0.003	+	0.003)	/	2 )
=	0.011	/	0.003
=	3.67

Keemo Fashion Group's Inventory Turnover for the quarter that ended in Oct. 2024 is calculated as

	Inventory Turnover (Q: Oct. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Oct. 2024 )	/ (	(Total Inventories (Q: Jul. 2024 )	+	Total Inventories (Q: Oct. 2024 ))	/	count )
=	0.002	/ (	(0.003	+	0.005)	/	2 )
=	0.002	/	0.004
=	0.50

Keemo Fashion Group (OTCPK:KMFG) 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.

Keemo Fashion Group's Days Inventory for the three months ended in Oct. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2024 )	/	Cost of Goods Sold (Q: Oct. 2024 )	*	Days in Period
	=	0.004	/	0.002	*	365 / 4
	=	182.50

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.

Keemo Fashion Group's Inventory to Revenue for the quarter that ended in Oct. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2024 )	/	Revenue (Q: Oct. 2024 )
	=	0.004	/	0.005
	=	0.80

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.

Keemo Fashion Group Inventory Turnover Related Terms

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Keemo Fashion Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Keemo Fashion Group Ltd (OTCPK:KMFG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xili Liuxin 1st Road, 69 Wanke Boyu, Nanshan District, Guangdong, Shenzhen, CHN, 518052

Website

https://keemofashiongroup.wixsite.com/keemo-fashio

Keemo Fashion Group Ltd is a company that operates in the apparel and garment trade industry by wholesaling men's and women's apparel to retailers in Asian countries. The Company has focused its efforts on attracting small to medium apparel and garment retailers by wholesaling low to mid-range apparel and garments. It sources mid-priced women's semi-formal apparel, which the company believes potentially has a higher gross profit margin compared to low-priced apparel. The company has two geographical segment namely the United States and Non-United States, and one operating segment apparel and garment trading business.

Keemo Fashion Group Headlines

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