Luxxu Group (HKSE:01327) Inventory Turnover : 0.07 (As of Dec. 2023)

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What is Luxxu 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. Luxxu Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3.46 Mil. Luxxu Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$46.38 Mil. Luxxu Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Luxxu Group's Days Inventory for the six months ended in Dec. 2023 was 2,443.36.

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. Luxxu Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 9.68.

Luxxu Group Inventory Turnover Historical Data

The historical data trend for Luxxu 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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Luxxu Group Inventory Turnover Chart

Luxxu Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.66

0.94

1.41

1.50

0.53

Luxxu 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															0.35	1.33	0.32	0.72	0.07

Luxxu Group Inventory Turnover Calculation

Luxxu 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 )
=	28.563	/ (	(42.39	+	65.248)	/	2 )
=	28.563	/	53.819
=	0.53

Luxxu 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 )
=	3.464	/ (	(27.506	+	65.248)	/	2 )
=	3.464	/	46.377
=	0.07

Luxxu Group (HKSE:01327) 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.

Luxxu 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
	=	46.377	/	3.464	*	365 / 2
	=	2,443.36

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.

Luxxu 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 )
	=	46.377	/	4.789
	=	9.68

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.

Luxxu Group Inventory Turnover Related Terms

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Luxxu Group (HKSE:01327) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Luxxu Group Ltd (HKSE:01327) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

18 Queen’s Road Central, Unit 2302, 23rd Floor, New World Tower 1, Hong Kong, HKG

Website

http://www.luxxu.hk

Luxxu Group Ltd is an investment company engaged in the manufacturing and sales of own-branded watches and jewelry, including but not limited to diamond watches, tourbillion watches and luxury jewelry accessories, OEM watches, and third-party watches. Geographically, it operates in Asia, the PRC, and Europe, with Asia deriving the majority of the revenue. It derives key revenue from the sale of branded watches.

Executives

Lin Zhiqiang	2201 Interest of corporation controlled by you
Visual Wise Limited	2101 Beneficial owner

Luxxu Group (HKSE:01327) Headlines

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