Vitasoy International Holdings (HKSE:00345) Inventory Turnover : 2.88 (As of Sep. 2023)

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What is Vitasoy 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. Vitasoy International Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$1,679 Mil. Vitasoy International Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$583 Mil. Vitasoy International Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vitasoy International Holdings's Days Inventory for the six months ended in Sep. 2023 was 63.33.

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. Vitasoy International Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.17.

Vitasoy International Holdings Inventory Turnover Historical Data

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

Vitasoy International Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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4.78

5.04

5.41

4.58

4.71

Vitasoy International Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															2.79	2.23	2.87	2.39	2.88

Vitasoy International Holdings Inventory Turnover Calculation

Vitasoy International Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	3328.763	/ (	(773.384	+	639.615)	/	2 )
=	3328.763	/	706.4995
=	4.71

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

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	1679.492	/ (	(639.615	+	526.065)	/	2 )
=	1679.492	/	582.84
=	2.88

Vitasoy International Holdings (HKSE:00345) 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.

Vitasoy International Holdings's Days Inventory for the six 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
	=	582.84	/	1679.492	*	365 / 2
	=	63.33

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	582.84	/	3391.171
	=	0.17

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.

Vitasoy International Holdings Inventory Turnover Related Terms

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Vitasoy International Holdings (HKSE:00345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vitasoy International Holdings Ltd (HKSE:00345) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

VTSYF:USA

Address

Number 1 Kin Wong Street, Tuen Mun, New Territories, Hong Kong, HKG

Website

https://www.vitasoy.com

Vitasoy International Holdings Ltd manufactures and sells tofu, soy and other plant-based milks, dairy milk, juice, and packaged tea and water. Vitasoy's brands include Vitasoy, Vita, Calci-Plus, Sansui, and Unicurd. Its two biggest markets are China and Hong Kong, which collectively account for more than three-quarters of the company's sales. Most remaining sales are generated in North America, Australia, New Zealand, and Singapore, although the company's products are sold in roughly 40 countries worldwide.

Executives

Mitsubishi Ufj Financial Group, Inc.	2201 Interest of corporation controlled by you
Lo Yau Lai Winston	2101 Beneficial owner
Lo Mo Ling Yvonne	2305 Beneficiary of a trust
Fukuda Keiko Aun	2301 Trustee
Lye Christopher	2301 Trustee
Chan Alexandra	2301 Trustee
Cheung Lo Joy	2301 Trustee
Lo Tak Shing, Peter	2301 Trustee
Chan Irene Lo	2301 Trustee
Lo Kai Tun	2301 Trustee

Vitasoy International Holdings (HKSE:00345) Headlines

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