PC Partner Group (HKSE:01263) Inventory Turnover : 4.03 (As of Dec. 2023)

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What is PC Partner Group 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. PC Partner Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$4,615 Mil. PC Partner Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1,144 Mil. PC Partner Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PC Partner Group's Days Inventory for the six months ended in Dec. 2023 was 45.23.

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. PC Partner Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.23.

PC Partner Group Inventory Turnover Historical Data

The historical data trend for PC Partner Group'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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PC Partner Group Inventory Turnover Chart

PC Partner Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.89

6.85

9.23

5.51

5.71

PC Partner Group 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															3.98	2.84	1.98	2.58	4.03

PC Partner Group Inventory Turnover Calculation

PC Partner Group'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 )
=	8466.469	/ (	(1831.959	+	1135.492)	/	2 )
=	8466.469	/	1483.7255
=	5.71

PC Partner Group'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 )
=	4614.78	/ (	(1152.108	+	1135.492)	/	2 )
=	4614.78	/	1143.8
=	4.03

PC Partner Group (HKSE:01263) 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.

PC Partner Group'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
	=	1143.8	/	4614.78	*	365 / 2
	=	45.23

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.

PC Partner Group'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 )
	=	1143.8	/	4991.774
	=	0.23

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.

PC Partner Group Inventory Turnover Related Terms

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PC Partner Group (HKSE:01263) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » PC Partner Group Ltd (HKSE:01263) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

28th floor NCB Innovation Centre, 888 Lai Chi Kok Road, Kowloon, Hong Kong, HKG

Website

https://www.pcpartner.com

PC Partner Group Ltd is a manufacturer of computer electronics. Principally, it is engaged in the designing and manufacturing of electronics and personal computer parts and accessories. The company's product consists of video graphics card, mini-PCs, and motherboards. In addition, it is involved in the development and production of video graphics cards for desktop personal computers (PC's), electronics manufacturing services, and trading of other PC related products and components. The company's brand includes ZOTAC, Manli, and Inno3D. Majority of company's revenue is derived from the Asia Pacific region.

Executives

Ho Nai Nap	2101 Beneficial owner
Ho Wong Mary Mee-tak	2101 Beneficial owner
Wong Fong Pak	2101 Beneficial owner
Wong Shik Ho Tony	2101 Beneficial owner
Leung Wah Kan	2101 Beneficial owner
Perfect Choice Limited	2101 Beneficial owner

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