Kingmaker Footwear Holdings (HKSE:01170) Inventory Turnover : 2.65 (As of Sep. 2023)

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What is Kingmaker Footwear 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. Kingmaker Footwear Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$361.2 Mil. Kingmaker Footwear Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$136.3 Mil. Kingmaker Footwear Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kingmaker Footwear Holdings's Days Inventory for the six months ended in Sep. 2023 was 68.84.

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. Kingmaker Footwear Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.36.

Kingmaker Footwear Holdings Inventory Turnover Historical Data

The historical data trend for Kingmaker Footwear 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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Kingmaker Footwear Holdings Inventory Turnover Chart

Kingmaker Footwear Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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6.19

6.20

4.68

4.42

5.11

Kingmaker Footwear 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															2.45	2.31	3.00	2.23	2.65

Kingmaker Footwear Holdings Inventory Turnover Calculation

Kingmaker Footwear 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 )
=	972.351	/ (	(209.008	+	171.572)	/	2 )
=	972.351	/	190.29
=	5.11

Kingmaker Footwear 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 )
=	361.213	/ (	(171.572	+	100.939)	/	2 )
=	361.213	/	136.2555
=	2.65

Kingmaker Footwear Holdings (HKSE:01170) 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.

Kingmaker Footwear 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
	=	136.2555	/	361.213	*	365 / 2
	=	68.84

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.

Kingmaker Footwear 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 )
	=	136.2555	/	383.032
	=	0.36

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.

Kingmaker Footwear Holdings Inventory Turnover Related Terms

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Kingmaker Footwear Holdings (HKSE:01170) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kingmaker Footwear Holdings Ltd (HKSE:01170) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

KMSWF:USA

Address

17-19 Chatham Road South, 17th Floor, Empress Plaza, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

http://www.kingmaker-footwear.com

Kingmaker Footwear Holdings Ltd is a Hong Kong-based company involved in the footwear business. The company focuses on the production of athletic, lifestyle shoes, rugged footwear, and children's shoes. The firm has two operating segments, Manufacturing and sale of footwear products; and Property Investment. It derives a majority of its revenue from the Manufacturing and sale of footwear products. Geographically, the group has a business presence in the United States Asia, Europe, and Other countries, the firm generates the majority of its revenue from the United States.

Executives

Huang Hsiu Duan	2201 Interest of corporation controlled by you
Fat Tat Assets Limited
Dje Kapital Ag	2201 Interest of corporation controlled by you
Ehrhardt Dr. Jens Alfred Karl	2201 Interest of corporation controlled by you
Dje Investment S.a.	2201 Interest of corporation controlled by you
Webb David Michael	2101 Beneficial owner
Li Chi Keung
King Strike Limited

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