Goldin Financial Holdings (HKSE:00530) Inventory Turnover : 0.02 (As of Jun. 2021)

View and export this data going back to 1992. Start your Free Trial

What is Goldin Financial 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. Goldin Financial Holdings's Cost of Goods Sold for the six months ended in Jun. 2021 was HK$14.5 Mil. Goldin Financial Holdings's Average Total Inventories for the quarter that ended in Jun. 2021 was HK$718.3 Mil. Goldin Financial Holdings's Inventory Turnover for the quarter that ended in Jun. 2021 was 0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Goldin Financial Holdings's Days Inventory for the six months ended in Jun. 2021 was 9,043.31.

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. Goldin Financial Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2021 was 3.63.

Goldin Financial Holdings Inventory Turnover Historical Data

The historical data trend for Goldin Financial 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.

* Premium members only.

Goldin Financial Holdings Inventory Turnover Chart

Goldin Financial Holdings Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Inventory Turnover

Get a 7-Day Free Trial

0.02

0.01

0.03

0.04

Goldin Financial Holdings Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Inventory Turnover	Get a 7-Day Free Trial															-	0.01	0.01	0.02	0.02

Goldin Financial Holdings Inventory Turnover Calculation

Goldin Financial Holdings's Inventory Turnover for the fiscal year that ended in Jun. 2021 is calculated as

	Inventory Turnover (A: Jun. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2021 )	/ (	(Total Inventories (A: Jun. 2020 )	+	Total Inventories (A: Jun. 2021 ))	/	count )
=	32.742	/ (	(768.421	+	719.468)	/	2 )
=	32.742	/	743.9445
=	0.04

Goldin Financial Holdings's Inventory Turnover for the quarter that ended in Jun. 2021 is calculated as

	Inventory Turnover (Q: Jun. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2021 )	/ (	(Total Inventories (Q: Dec. 2020 )	+	Total Inventories (Q: Jun. 2021 ))	/	count )
=	14.496	/ (	(717.154	+	719.468)	/	2 )
=	14.496	/	718.311
=	0.02

Goldin Financial Holdings (HKSE:00530) 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.

Goldin Financial Holdings's Days Inventory for the six months ended in Jun. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2021 )	/	Cost of Goods Sold (Q: Jun. 2021 )	*	Days in Period
	=	718.311	/	14.496	*	365 / 2
	=	9,043.31

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.

Goldin Financial Holdings's Inventory to Revenue for the quarter that ended in Jun. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2021 )	/	Revenue (Q: Jun. 2021 )
	=	718.311	/	197.991
	=	3.63

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.

Goldin Financial Holdings Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Goldin Financial Holdings's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Goldin Financial Holdings (HKSE:00530) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Goldin Financial Holdings Ltd (HKSE:00530) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

17 Kai Cheung Road, 25th Floor, Goldin Financial Global Centre, Kowloon Bay, Hong Kong, HKG

Website

http://www.goldinfinancial.com

Goldin Financial Holdings Ltd is an investment holding company. The company's operating segment includes Property; Winery and wine related; Factoring and Financial investments. It generates maximum revenue from the Property segment. The Property segment engages in property development and investment. Its Factoring segment engages in the provision of factoring services. The Winery and wine related segment engage in the trading of wines, wine storage, and the operation of vineyards and restaurants. Its Financial investments segment engages in securities and derivative investment and trading and investment in financial instruments. Geographically, it derives a majority of revenue from Hong Kong.

Executives

Industrial And Commercial Bank Of China (macau) Limited	2106 Person having a security interest in shares
Nyh Limited	2106 Person having a security interest in shares
Sea Fortune Ventures Limited	2106 Person having a security interest in shares
Vast Gold Holdings Limited	2106 Person having a security interest in shares
Lu Wing Chi	2106 Person having a security interest in shares
Pan Sutong	2101 Beneficial owner
Goldin Global Holdings Limited	2101 Beneficial owner

Goldin Financial Holdings (HKSE:00530) Headlines

No Headlines