Mainland Headwear Holdings (HKSE:01100) Inventory Turnover : 1.15 (As of Dec. 2023)

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What is Mainland Headwear 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. Mainland Headwear Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$436 Mil. Mainland Headwear Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$381 Mil. Mainland Headwear Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mainland Headwear Holdings's Days Inventory for the six months ended in Dec. 2023 was 159.20.

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. Mainland Headwear Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.60.

Mainland Headwear Holdings Inventory Turnover Historical Data

The historical data trend for Mainland Headwear 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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Mainland Headwear Holdings Inventory Turnover Chart

Mainland Headwear Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.31

2.64

3.08

2.54

2.10

Mainland Headwear 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															1.61	1.41	1.22	1.11	1.15

Mainland Headwear Holdings Inventory Turnover Calculation

Mainland Headwear 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 )
=	942.63	/ (	(523.646	+	373.652)	/	2 )
=	942.63	/	448.649
=	2.10

Mainland Headwear 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 )
=	436.302	/ (	(387.55	+	373.652)	/	2 )
=	436.302	/	380.601
=	1.15

Mainland Headwear Holdings (HKSE:01100) 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.

Mainland Headwear 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
	=	380.601	/	436.302	*	365 / 2
	=	159.20

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.

Mainland Headwear 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 )
	=	380.601	/	638.736
	=	0.60

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.

Mainland Headwear Holdings Inventory Turnover Related Terms

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Mainland Headwear Holdings (HKSE:01100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mainland Headwear Holdings Ltd (HKSE:01100) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Sheung Yuet Road, Rooms 2301–2305, 23rd Floor, FTLife Tower, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

http://www.mainland.com.hk

Mainland Headwear Holdings Ltd is an investment holding company. The group is mainly engaged in the design, manufacture, and retail of quality casual headwear. The firm operates in two segments including Manufacturing and Trading. In the Manufacturing segment, it manufactures headwear products for sale to its Trading and Retail Business as well as to external customers. The trading segment includes trading and distribution of headwear, apparel, small leather goods, bags and accessories. The firm sells its products in overseas countries with the US as the main market, followed by the European market. The key revenue is derived from the Manufacturing segment.

Executives

Ngan Hei Keung	2501 Other
Ngan Po Ling, Pauline	2501 Other

Mainland Headwear Holdings (HKSE:01100) Headlines

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