Belle International Holdings (Belle International Holdings) Inventory Turnover : 1.27 (As of Feb. 2017)

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What is Belle 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. Belle International Holdings's Cost of Goods Sold for the six months ended in Feb. 2017 was $1,463 Mil. Belle International Holdings's Average Total Inventories for the quarter that ended in Feb. 2017 was $1,154 Mil. Belle International Holdings's Inventory Turnover for the quarter that ended in Feb. 2017 was 1.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Belle International Holdings's Days Inventory for the six months ended in Feb. 2017 was 143.96.

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. Belle International Holdings's Inventory-to-Revenue for the quarter that ended in Feb. 2017 was 0.36.

Belle International Holdings Inventory Turnover Historical Data

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

Belle International Holdings Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Feb14

Feb15

Feb16

Feb17

Inventory Turnover

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2.08

2.16

2.59

2.64

2.53

Belle International Holdings Semi-Annual Data
	Dec06	Dec07	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17
Inventory Turnover	Get a 7-Day Free Trial														1.33	1.25	1.34	1.22	1.27

Belle International Holdings Inventory Turnover Calculation

Belle International Holdings's Inventory Turnover for the fiscal year that ended in Feb. 2017 is calculated as

	Inventory Turnover (A: Feb. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2017 )	/ (	(Total Inventories (A: Feb. 2016 )	+	Total Inventories (A: Feb. 2017 ))	/	count )
=	2773.299	/ (	(1049.969	+	1146.665)	/	2 )
=	2773.299	/	1098.317
=	2.53

Belle International Holdings's Inventory Turnover for the quarter that ended in Feb. 2017 is calculated as

	Inventory Turnover (Q: Feb. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2017 )	/ (	(Total Inventories (Q: Aug. 2016 )	+	Total Inventories (Q: Feb. 2017 ))	/	count )
=	1463.127	/ (	(1161.586	+	1146.665)	/	2 )
=	1463.127	/	1154.1255
=	1.27

Belle International Holdings (OTCPK:BELLY) 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.

Belle International Holdings's Days Inventory for the six months ended in Feb. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2017 )	/	Cost of Goods Sold (Q: Feb. 2017 )	*	Days in Period
	=	1154.1255	/	1463.127	*	365 / 2
	=	143.96

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.

Belle International Holdings's Inventory to Revenue for the quarter that ended in Feb. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2017 )	/	Revenue (Q: Feb. 2017 )
	=	1154.1255	/	3228.885
	=	0.36

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.

Belle International Holdings Inventory Turnover Related Terms

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Belle International Holdings (Belle International Holdings) Business Description

Industry

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

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Address

Website

http://www.belleintl.com

Belle International is China's largest women's footwear retailer. Founded in 1992, and headquartered in Hong Kong, Belle owns six of China's top 10 women's footwear brands, commanding as much as 25% market share in fiscal 2013. In addition to the manufacturing and distribution of female footwear, Belle also distributes major sportswear products, including Nike and Adidas.

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