China Lilang (HKSE:01234) Inventory Turnover : 1.38 (As of Dec. 2023)

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What is China Lilang 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. China Lilang's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,223 Mil. China Lilang's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$885 Mil. China Lilang's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Lilang's Days Inventory for the six months ended in Dec. 2023 was 132.05.

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. China Lilang's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.39.

China Lilang Inventory Turnover Historical Data

The historical data trend for China Lilang'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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China Lilang Inventory Turnover Chart

China Lilang Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.27

2.25

2.55

1.79

2.12

China Lilang 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															1.44	0.81	1.08	0.85	1.38

China Lilang Inventory Turnover Calculation

China Lilang'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 )
=	2009.228	/ (	(988.451	+	903.1)	/	2 )
=	2009.228	/	945.7755
=	2.12

China Lilang'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 )
=	1223.339	/ (	(867.192	+	903.1)	/	2 )
=	1223.339	/	885.146
=	1.38

China Lilang (HKSE:01234) 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.

China Lilang'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
	=	885.146	/	1223.339	*	365 / 2
	=	132.05

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.

China Lilang'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 )
	=	885.146	/	2245.234
	=	0.39

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.

China Lilang Inventory Turnover Related Terms

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China Lilang (HKSE:01234) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Lilang Ltd (HKSE:01234) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

5LX:Germany

Address

200 Chang Xing Road, Lilang Industrial Park, Fujian Province, Jinjiang, CHN, 362200

Website

https://www.lilanz.com

China Lilang Ltd manufactures business and casual menswear apparel, with roughly two thirds of revenue coming from tops. China Lilang sells its products under the Lilanz brand, which generates the vast majority of the company's revenue, and the L2 brand. All the company's sales are made in China. China Lilang wholesales its products to distributors who operate thousands of Lilanz-branded and L2-branded retail stores. China Lilang also has two self-operated flagship retail stores and sells its products through its own and third-party e-commerce platforms.

Executives

Xiao Sheng International Limited

2101 Beneficial owner

China Lilang (HKSE:01234) Headlines

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