Vesync Co (HKSE:02148) Inventory Turnover : 1.93 (As of Dec. 2023)

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What is Vesync Co 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. Vesync Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,244 Mil. Vesync Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$645 Mil. Vesync Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vesync Co's Days Inventory for the six months ended in Dec. 2023 was 94.58.

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. Vesync Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.27.

Vesync Co Inventory Turnover Historical Data

The historical data trend for Vesync Co'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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Vesync Co Inventory Turnover Chart

Vesync Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.56

3.04

2.49

2.86

3.21

Vesync Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial							1.32	1.08	1.77	1.53	1.93

Vesync Co Inventory Turnover Calculation

Vesync Co'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 )
=	2429.723	/ (	(892.573	+	623.597)	/	2 )
=	2429.723	/	758.085
=	3.21

Vesync Co'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 )
=	1244.085	/ (	(665.868	+	623.597)	/	2 )
=	1244.085	/	644.7325
=	1.93

Vesync Co (HKSE:02148) 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.

Vesync Co'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
	=	644.7325	/	1244.085	*	365 / 2
	=	94.58

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.

Vesync Co'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 )
	=	644.7325	/	2409.729
	=	0.27

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.

Vesync Co Inventory Turnover Related Terms

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Vesync Co (HKSE:02148) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Vesync Co Ltd (HKSE:02148) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1001 Zhongshan Park Road, Room 402 and 501–502, Block F3, TCL International E City, Nanshan District, Guangdong Province, Shenzhen, CHN

Website

https://www.vesync.com

Vesync focuses on the online marketing and sale of self-designed and self-developed small home appliances and smart home devices. In 2022, more than 80% of sales were generated through Amazon. The company owns three core brands: Levoit for home environment appliances, Etekcity for smart home gadgets, health monitoring devices, outdoor recreation products, and personal-care products, and Cosori for kitchen and dining appliances.

Executives

Yang Hai
Yang Lin
Yang Yuzheng
Chen Shuyong
Li Jisu
Xu Bo
North Point Trust Company L.l.c.
Caerus Co., Ltd
Karis I Llc
Karis Ii Llc
Siempre Ptc Llc
Swcs Trust Limited	2301 Trustee
Hhlr Advisors, Ltd.	2102 Investment manager
Hhlr Fund, L.p.	2101 Beneficial owner

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