China Unicom (Hong Kong) (China Unicom (Hong Kong)) Inventory Turnover : 12.00 (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

What is China Unicom (Hong Kong) 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. China Unicom (Hong Kong)'s Cost of Goods Sold for the three months ended in Dec. 2023 was $3,725 Mil. China Unicom (Hong Kong)'s Average Total Inventories for the quarter that ended in Dec. 2023 was $310 Mil. China Unicom (Hong Kong)'s Inventory Turnover for the quarter that ended in Dec. 2023 was 12.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Unicom (Hong Kong)'s Days Inventory for the three months ended in Dec. 2023 was 7.61.

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. China Unicom (Hong Kong)'s Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

China Unicom (Hong Kong) Inventory Turnover Historical Data

The historical data trend for China Unicom (Hong Kong)'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.

* Premium members only.

China Unicom (Hong Kong) Inventory Turnover Chart

China Unicom (Hong Kong) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

35.10

41.67

51.99

53.48

53.21

China Unicom (Hong Kong) Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															16.87	-	6.35	12.00	12.74

China Unicom (Hong Kong) Inventory Turnover Calculation

China Unicom (Hong Kong)'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 )
=	15444.105	/ (	(269.949	+	310.496)	/	2 )
=	15444.105	/	290.2225
=	53.21

China Unicom (Hong Kong)'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	3724.826	/ (	(0	+	310.496)	/	1 )
=	3724.826	/	310.496
=	12.00

China Unicom (Hong Kong) (NYSE:CHU) 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.

China Unicom (Hong Kong)'s Days Inventory for the three 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
	=	310.496	/	3724.826	*	365 / 4
	=	7.61

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.

China Unicom (Hong Kong)'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 )
	=	310.496	/	12731.296
	=	0.02

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.

China Unicom (Hong Kong) Inventory Turnover Related Terms

Thank you for viewing the detailed overview of China Unicom (Hong Kong)'s Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

China Unicom (Hong Kong) (China Unicom (Hong Kong)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Unicom (Hong Kong) Ltd (NYSE:CHU) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

00762:Hong Kong XCI:Germany

Address

99 Queen's Road, 75th Floor, The Center, Central, Hong Kong, HKG

Website

https://www.chinaunicom.com.hk

China Unicom is the incumbent fixed-line operator in 10 northern Chinese provinces, as well as the third-largest wireless operator nationwide. As at June 2023, it had 328 million billing wireless customers and around 108 million broadband subscribers. China Unicom also has a growing ICT business. We estimate it has the third largest internet data center business in China and its Cloud Service revenue is also showing very strong growth. It has its own 4G network and shares the radio access function with China Telecom for its 5G network.