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Echo International Holdings Group (HKSE:08218) Inventory-to-Revenue : 1.40 (As of Sep. 2023)


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What is Echo International Holdings Group Inventory-to-Revenue?

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. Echo International Holdings Group's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$21.58 Mil. Echo International Holdings Group's Revenue for the three months ended in Sep. 2023 was HK$15.44 Mil. Echo International Holdings Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.40.

Echo International Holdings Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 increased from Jun. 2023 (1.29) to Jun. 2023 (1.40)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Echo International Holdings Group's Days Inventory for the three months ended in Sep. 2023 was 182.87.

Inventory Turnover measures how fast the company turns over its inventory within a year. Echo International Holdings Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.50.


Echo International Holdings Group Inventory-to-Revenue Historical Data

The historical data trend for Echo International Holdings Group's Inventory-to-Revenue 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.

* Premium members only.

Echo International Holdings Group Inventory-to-Revenue Chart

Echo International Holdings Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.25 0.24 0.23 0.16 0.31

Echo International Holdings Group Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.30 1.42 1.68 1.29 1.40

Competitive Comparison of Echo International Holdings Group's Inventory-to-Revenue

For the Scientific & Technical Instruments subindustry, Echo International Holdings Group's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Echo International Holdings Group's Inventory-to-Revenue Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Echo International Holdings Group's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Echo International Holdings Group's Inventory-to-Revenue falls into.



Echo International Holdings Group Inventory-to-Revenue Calculation

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.

Echo International Holdings Group's Inventory-to-Revenue for the fiscal year that ended in Mar. 2023 is calculated as

Inventory-to-Revenue (A: Mar. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Mar. 2022 ) + Total Inventories (A: Mar. 2023 )) / count ) / Revenue (A: Mar. 2023 )
=( (13.33 + 20.83) / 2 ) / 55.285
=17.08 / 55.285
=0.31

Echo International Holdings Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue (Q: Sep. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count ) / Revenue (Q: Sep. 2023 )
=( (0 + 21.578) / 1 ) / 15.437
=21.578 / 15.437
=1.40

* 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.


Echo International Holdings Group  (HKSE:08218) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Echo International Holdings Group's Days Inventory for the three 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
=21.578/10.767*365 / 4
=182.87

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Echo International Holdings Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2023 ) / Average Total Inventories (Q: Sep. 2023 )
=10.767 / 21.578
=0.50

* 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.


Echo International Holdings Group Inventory-to-Revenue Related Terms

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Echo International Holdings Group (HKSE:08218) Business Description

Traded in Other Exchanges
N/A
Address
9 Hoi Shing Road, Room 3207A, 32nd Floor, Cable TV Tower, Tsuen Wan, Hong Kong, HKG
Echo International Holdings Group Ltd is an investment holding company. The company's operating segment includes the Trading of electronic products; Manufacturing and trading of electronic products and accessories, Provision of food catering services, and trading of timepieces. It generates maximum revenue from the Provision of food catering services segment. Its products include security alarm, indications board, buzzers, timer, fishing indicator, charge board, control board, fire alarm, LED lamp assembly, switch, printed circuit board, and others. Geographically, it derives a majority of revenue from Hong KongCountries.

Echo International Holdings Group (HKSE:08218) Headlines

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