Zibuyu Group (HKSE:02420) Inventory Turnover : 1.22 (As of Dec. 2023)

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What is Zibuyu 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. Zibuyu Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$734 Mil. Zibuyu Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$600 Mil. Zibuyu Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zibuyu Group's Days Inventory for the six months ended in Dec. 2023 was 149.30.

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. Zibuyu Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.34.

Zibuyu Group Inventory Turnover Historical Data

The historical data trend for Zibuyu 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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Zibuyu Group Inventory Turnover Chart

Zibuyu Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

2.42

2.46

1.27

0.97

1.79

Zibuyu Group Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			0.47	0.42	0.53	0.51	1.22

Zibuyu Group Inventory Turnover Calculation

Zibuyu 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 )
=	1143.02	/ (	(842.75	+	436.908)	/	2 )
=	1143.02	/	639.829
=	1.79

Zibuyu 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 )
=	733.973	/ (	(763.967	+	436.908)	/	2 )
=	733.973	/	600.4375
=	1.22

Zibuyu Group (HKSE:02420) 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.

Zibuyu 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
	=	600.4375	/	733.973	*	365 / 2
	=	149.30

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.

Zibuyu 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 )
	=	600.4375	/	1777.39
	=	0.34

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.

Zibuyu Group Inventory Turnover Related Terms

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Zibuyu Group (HKSE:02420) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Zibuyu Group Ltd (HKSE:02420) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 410, No. 108, Xincheng Road, Nanyuan Street, Linping District, Zhejiang Province, Hangzhou, CHN

Website

https://www.zbycorp.com

Zibuyu Group Ltd is an investment holding company and its subsidiaries are engaged in focusing on the sale of apparel and footwear products through third-party e-commerce platforms across china. It designs apparel, footwear and other products, procure products manufactured in accordance with its design and on OEM basis from selected OEM suppliers, and subsequently sell such products to customers globally through a combination of third-party e-commerce platforms and its self-operated online stores. Its sales channels consisted of Amazon, Wish, other third-party e-commerce platforms such as eBay and AliExpress, and its self-operated online stores.

Executives

Wang Shijian
Hua Bingru	2201 Interest of corporation controlled by you
Yu Feng	2201 Interest of corporation controlled by you
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