Hoe Leong (SGX:H20) Inventory Turnover : 0.92 (As of Dec. 2024)

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What is Hoe Leong 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. Hoe Leong's Cost of Goods Sold for the six months ended in Dec. 2024 was S$18.73 Mil. Hoe Leong's Average Total Inventories for the quarter that ended in Dec. 2024 was S$20.35 Mil. Hoe Leong's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hoe Leong's Days Inventory for the six months ended in Dec. 2024 was 198.35.

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. Hoe Leong's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.87.

Hoe Leong Inventory Turnover Historical Data

The historical data trend for Hoe Leong'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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Hoe Leong Inventory Turnover Chart

Hoe Leong Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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1.92

2.14

2.13

1.75

Hoe Leong Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															1.11	0.90	0.87	0.75	0.92

Hoe Leong Inventory Turnover Calculation

Hoe Leong's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	34.414	/ (	(20.243	+	19.042)	/	2 )
=	34.414	/	19.6425
=	1.75

Hoe Leong's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	18.726	/ (	(21.662	+	19.042)	/	2 )
=	18.726	/	20.352
=	0.92

Hoe Leong (SGX:H20) 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.

Hoe Leong's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	20.352	/	18.726	*	365 / 2
	=	198.35

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.

Hoe Leong's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	20.352	/	23.369
	=	0.87

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.

Hoe Leong Inventory Turnover Related Terms

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Hoe Leong Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Hoe Leong Corp Ltd (SGX:H20) » Definitions » Inventory Turnover

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Address

6 Clementi Loop, Singapore, SGP, 129814

Website

https://www.hoeleong.com

Hoe Leong Corp Ltd is engaged in the designing, manufacturing, sale, and distribution of machinery parts and vessel chartering business. The operating segment of the company is Design and manufacture and Trading and distribution. The Design and manufacture segment, which is the key revenue driver for the company, is involved in the design, manufacture, and sale of equipment parts for heavy equipment and industrial machinery. Its Trading and distribution segment comprises trading and distribution of equipment parts for both heavy equipment and industrial machinery sourced from third parties.

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