C Banner International Holdings (HKSE:01028) Inventory Turnover : 0.95 (As of Dec. 2023)

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What is C Banner 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. C Banner International Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$374 Mil. C Banner International Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$393 Mil. C Banner International Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. C Banner International Holdings's Days Inventory for the six months ended in Dec. 2023 was 191.82.

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. C Banner International Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.48.

C Banner International Holdings Inventory Turnover Historical Data

The historical data trend for C Banner 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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C Banner International Holdings Inventory Turnover Chart

C Banner International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.32

1.66

1.69

1.24

1.67

C Banner International 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															0.79	0.65	0.67	0.77	0.95

C Banner International Holdings Inventory Turnover Calculation

C Banner International 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 )
=	731.198	/ (	(510.635	+	365.306)	/	2 )
=	731.198	/	437.9705
=	1.67

C Banner International 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 )
=	373.828	/ (	(420.543	+	365.306)	/	2 )
=	373.828	/	392.9245
=	0.95

C Banner International Holdings (HKSE:01028) 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.

C Banner International 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
	=	392.9245	/	373.828	*	365 / 2
	=	191.82

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.

C Banner International 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 )
	=	392.9245	/	822.558
	=	0.48

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.

C Banner International Holdings Inventory Turnover Related Terms

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C Banner International Holdings (HKSE:01028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » C Banner International Holdings Ltd (HKSE:01028) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Harcourt Road, Suite 1503, Level 15, Admiralty Centre Tower 1, Admiralty, Hong Kong, HKG

Website

https://www.cbanner.com.cn

C Banner International Holdings Ltd is a footwear retailer in China that sells mid-to-premium women's formal and casual footwear. Most of the company's revenue comes from its Retail and Wholesale of Shoe segment. The company generates revenue in that segment by selling self-developed and licensed footwear brands through department stores, independent retail stores, and online. Brands include C.banner, Eblan, Sundance, Mio, Natursun, Badgley Mischka, and United Nude. Other segments include Contract Manufacturing of Footwear, where C Banner manufactures shoes for export for international companies, and Retail of Toys, where the company sells through Hamleys toy stores. Most of the company's sales are generated in China.

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