Celestial Asia Securities Holdings (Celestial Asia Securities Holdings) Inventory Turnover : 6.46 (As of Dec. 2023)

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What is Celestial Asia Securities 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. Celestial Asia Securities Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $33.9 Mil. Celestial Asia Securities Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $5.2 Mil. Celestial Asia Securities Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Celestial Asia Securities Holdings's Days Inventory for the six months ended in Dec. 2023 was 28.24.

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. Celestial Asia Securities Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.08.

Celestial Asia Securities Holdings Inventory Turnover Historical Data

The historical data trend for Celestial Asia Securities 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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Celestial Asia Securities Holdings Inventory Turnover Chart

Celestial Asia Securities Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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13.98

11.90

11.29

11.31

12.72

Celestial Asia Securities Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															6.08	5.67	5.70	5.31	6.46

Celestial Asia Securities Holdings Inventory Turnover Calculation

Celestial Asia Securities 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 )
=	70.883	/ (	(7.273	+	3.868)	/	2 )
=	70.883	/	5.5705
=	12.72

Celestial Asia Securities Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	33.895	/ (	(6.621	+	3.868)	/	2 )
=	33.895	/	5.2445
=	6.46

Celestial Asia Securities Holdings (OTCPK:CAHLF) 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.

Celestial Asia Securities Holdings's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	5.2445	/	33.895	*	365 / 2
	=	28.24

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.

Celestial Asia Securities Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	5.2445	/	65.004
	=	0.08

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.

Celestial Asia Securities Holdings Inventory Turnover Related Terms

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Celestial Asia Securities Holdings (Celestial Asia Securities Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Celestial Asia Securities Holdings Ltd (OTCPK:CAHLF) » Definitions » Inventory Turnover

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01049:Hong Kong CE0:Germany

Address

23 Wang Tai Road, 28th Floor, Manhattan Place, Kowloon Bay, Hong Kong, HKG

Website

https://www.cash.com.hk

Celestial Asia Securities Holdings Ltd is an investment holding company. The reportable segments of the company are as follows: 1) Retailing segment includes sales of furniture and household goods and electrical appliances; 2) Asset Management segment includes the provision of asset management services to the fund investors; 3) Financial Services segment includes the provision of broking, investment banking and wealth management services under the business operations of CFSG. The company's operations are located in Hong Kong and the People's Republic of China.

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