Yangtzekiang Garment (HKSE:00294) Inventory Turnover : 6.68 (As of Mar. 2024)

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What is Yangtzekiang Garment 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. Yangtzekiang Garment's Cost of Goods Sold for the six months ended in Mar. 2024 was HK$111.7 Mil. Yangtzekiang Garment's Average Total Inventories for the quarter that ended in Mar. 2024 was HK$16.7 Mil. Yangtzekiang Garment's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yangtzekiang Garment's Days Inventory for the six months ended in Mar. 2024 was 27.33.

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. Yangtzekiang Garment's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.12.

Yangtzekiang Garment Inventory Turnover Historical Data

The historical data trend for Yangtzekiang Garment'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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Yangtzekiang Garment Inventory Turnover Chart

Yangtzekiang Garment Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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9.05

9.51

11.80

11.75

15.59

Yangtzekiang Garment Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															5.75	4.61	5.17	3.74	6.68

Yangtzekiang Garment Inventory Turnover Calculation

Yangtzekiang Garment's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	189.849	/ (	(16.318	+	8.03)	/	2 )
=	189.849	/	12.174
=	15.59

Yangtzekiang Garment's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	111.729	/ (	(25.438	+	8.03)	/	2 )
=	111.729	/	16.734
=	6.68

Yangtzekiang Garment (HKSE:00294) 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.

Yangtzekiang Garment's Days Inventory for the six months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	16.734	/	111.729	*	365 / 2
	=	27.33

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.

Yangtzekiang Garment's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	16.734	/	136.149
	=	0.12

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.

Yangtzekiang Garment Inventory Turnover Related Terms

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Yangtzekiang Garment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Yangtzekiang Garment Ltd (HKSE:00294) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Tai Yau Street, San Po Kong, Kowloon, Hong Kong, HKG

Website

https://www.ygm.com.hk

Yangtzekiang Garment Ltd is a Hong Kong-based company principally engaged in garment and property businesses. The company operates through three segments. Manufacture and sale of garments and textiles segment which generates revenue. This segment also covers the provision of garment processing services. Interests in the joint ventures segment are engaged in the manufacture and sales of textile yarn products through its joint ventures. The property leasing segment is engaged in the leasing of commercial and industrial properties. It generates the majority of its revenue from the European region.

Executives

Chan Wing Sun	2101 Beneficial owner
Chan Wing Fui Peter	2101 Beneficial owner

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