Eagle Nice (International) Holdings (HKSE:02368) Inventory Turnover : 3.44 (As of Sep. 2023)

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What is Eagle Nice (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. Eagle Nice (International) Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$2,004 Mil. Eagle Nice (International) Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$583 Mil. Eagle Nice (International) Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 3.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eagle Nice (International) Holdings's Days Inventory for the six months ended in Sep. 2023 was 53.12.

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. Eagle Nice (International) Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.23.

Eagle Nice (International) Holdings Inventory Turnover Historical Data

The historical data trend for Eagle Nice (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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Eagle Nice (International) Holdings Inventory Turnover Chart

Eagle Nice (International) Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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5.17

4.63

4.54

4.64

4.69

Eagle Nice (International) Holdings Semi-Annual Data
	Mar14	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															2.93	2.14	3.36	2.20	3.44

Eagle Nice (International) Holdings Inventory Turnover Calculation

Eagle Nice (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 )
=	3295.189	/ (	(728.962	+	677.184)	/	2 )
=	3295.189	/	703.073
=	4.69

Eagle Nice (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 )
=	2004.054	/ (	(677.184	+	489.359)	/	2 )
=	2004.054	/	583.2715
=	3.44

Eagle Nice (International) Holdings (HKSE:02368) 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.

Eagle Nice (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
	=	583.2715	/	2004.054	*	365 / 2
	=	53.12

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.

Eagle Nice (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 )
	=	583.2715	/	2521.917
	=	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.

Eagle Nice (International) Holdings Inventory Turnover Related Terms

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Eagle Nice (International) Holdings (HKSE:02368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Eagle Nice (International) Holdings Ltd (HKSE:02368) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

70 Ta Chuen Ping Street, 9th Floor, Tower B, Regent Centre, Units 0902-0903 and 0905-0906, New Territories, Kwai Chung, HKG

Website

https://www.eaglenice.com.hk

Eagle Nice (International) Holdings Ltd is an investment holding company based in Hong Kong. The company, along with its subsidiaries, is primarily engaged in the manufacturing and trading of sportswear and garments. Some of the company's products include down Jackets, Tracksuits, Sweaters, and Sports pants, among others. Geographically, the company's reportable segments are Mainland China, USA, Europe, Japan, and Others. It derives a majority of revenue from Mainland China followed by the US and Europe.

Executives

Webb David Michael	2201 Interest of corporation controlled by you
Chung Yuk Sing	2101 Beneficial owner
Huang Yongbiao	2101 Beneficial owner
Chen Hsiao Ying	2101 Beneficial owner
Pou Chen Corporation	2201 Interest of corporation controlled by you
Yue Yuen Industrial (holdings) Limited	2201 Interest of corporation controlled by you
Time Easy Investment Holdings Limited
Excel Skill International Limited

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