Regina Miracle International (Holdings) (HKSE:02199) Inventory Turnover : 2.01 (As of Sep. 2023)

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What is Regina Miracle International (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. Regina Miracle International (Holdings)'s Cost of Goods Sold for the six months ended in Sep. 2023 was HK$2,702 Mil. Regina Miracle International (Holdings)'s Average Total Inventories for the quarter that ended in Sep. 2023 was HK$1,346 Mil. Regina Miracle International (Holdings)'s Inventory Turnover for the quarter that ended in Sep. 2023 was 2.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Regina Miracle International (Holdings)'s Days Inventory for the six months ended in Sep. 2023 was 90.90.

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. Regina Miracle International (Holdings)'s Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.38.

Regina Miracle International (Holdings) Inventory Turnover Historical Data

The historical data trend for Regina Miracle International (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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Regina Miracle International (Holdings) Inventory Turnover Chart

Regina Miracle International (Holdings) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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5.72

4.92

4.04

4.48

3.98

Regina Miracle International (Holdings) Semi-Annual Data
	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														2.35	2.16	2.28	1.76	2.01

Regina Miracle International (Holdings) Inventory Turnover Calculation

Regina Miracle International (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 )
=	5977.176	/ (	(1568.661	+	1437.829)	/	2 )
=	5977.176	/	1503.245
=	3.98

Regina Miracle International (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 )
=	2702.087	/ (	(1437.829	+	1254.033)	/	2 )
=	2702.087	/	1345.931
=	2.01

Regina Miracle International (Holdings) (HKSE:02199) 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.

Regina Miracle International (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
	=	1345.931	/	2702.087	*	365 / 2
	=	90.90

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.

Regina Miracle International (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 )
	=	1345.931	/	3544.797
	=	0.38

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.

Regina Miracle International (Holdings) Inventory Turnover Related Terms

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Regina Miracle International (Holdings) (HKSE:02199) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Regina Miracle International (Holdings) Ltd (HKSE:02199) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

RMT:Germany

Address

63 Wo Yi Hop Road, 10th Floor, Tower A, Regent Centre, Kwai Chung, Hong Kong, HKG

Website

https://www.reginamiracleholdings.com

Regina Miracle International (Holdings) Ltd is an investment holding company. The company's operating segment includes Intimate wear; Sports products; Consumer electronics components; Bra pads and molded products; Footwear and Fabric masks. The company generates maximum revenue from the Intimate wear segment which is engaged in the manufacturing and trading of bras, bra tops, panties, shapewear, and swimwear. Geographically, the company derives a majority of its revenue from the United States.

Executives

Regent Marvel Investment Holdings Limited	2101 Beneficial owner
Choy King Ngor	2202 Interest of your spouse
Hung Yau Lit	2201 Interest of corporation controlled by you
King Terrace Limited	2101 Beneficial owner
Hui Ching Lau	2201 Interest of corporation controlled by you
Yiheng Capital, Llc

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