DPNEY (Daphne International Holdings) Inventory Turnover : 22.89 (As of Jun. 2024)

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What is Daphne 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. Daphne International Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was $11.44 Mil. Daphne International Holdings's Average Total Inventories for the quarter that ended in Jun. 2024 was $0.50 Mil. Daphne International Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 22.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Daphne International Holdings's Days Inventory for the six months ended in Jun. 2024 was 7.97.

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. Daphne International Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.02.

Daphne International Holdings Inventory Turnover Historical Data

The historical data trend for Daphne 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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Daphne International Holdings Inventory Turnover Chart

Daphne International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.34

2.28

1.21

25.96

Daphne International Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															-	-	38.34	24.44	22.89

Daphne International Holdings Inventory Turnover Calculation

Daphne 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 )
=	18.383	/ (	(0	+	0.708)	/	1 )
=	18.383	/	0.708
=	25.96

Daphne International Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	11.444	/ (	(0.708	+	0.292)	/	2 )
=	11.444	/	0.5
=	22.89

Daphne International Holdings (OTCPK:DPNEY) 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.

Daphne International Holdings's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	0.5	/	11.444	*	365 / 2
	=	7.97

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.

Daphne International Holdings's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	0.5	/	23.267
	=	0.02

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.

Daphne International Holdings Inventory Turnover Related Terms

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Daphne International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Daphne International Holdings Ltd (OTCPK:DPNEY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

00210:Hong Kong PSX:Germany

Address

99 Shaohong Road, Unit 601, 6th Floor, Tower 5, The Hub, Minhang District, Shanghai, CHN

Website

http://www.daphneholdings.com

Daphne International Holdings Ltd is an investment holding company. It is principally engaged in the distribution and licensing of footwear and accessories in Mainland China. The group's revenue mainly comprises sales of goods from directly managed and partnership stores and franchisees as well as licensing fee income in Mainland China.