Ming Fai International Holdings (HKSE:03828) Inventory Turnover : 2.96 (As of Dec. 2023)

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What is Ming Fai 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. Ming Fai International Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$866 Mil. Ming Fai International Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$292 Mil. Ming Fai International Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ming Fai International Holdings's Days Inventory for the six months ended in Dec. 2023 was 61.65.

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. Ming Fai International Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.26.

Ming Fai International Holdings Inventory Turnover Historical Data

The historical data trend for Ming Fai 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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Ming Fai International Holdings Inventory Turnover Chart

Ming Fai International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.01

3.86

4.59

5.20

5.31

Ming Fai International Holdings 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															2.74	2.71	2.68	2.71	2.96

Ming Fai International Holdings Inventory Turnover Calculation

Ming Fai International Holdings'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 )
=	1565.529	/ (	(260.176	+	329.086)	/	2 )
=	1565.529	/	294.631
=	5.31

Ming Fai International Holdings'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 )
=	865.61	/ (	(255.768	+	329.086)	/	2 )
=	865.61	/	292.427
=	2.96

Ming Fai International Holdings (HKSE:03828) 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.

Ming Fai International Holdings'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
	=	292.427	/	865.61	*	365 / 2
	=	61.65

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.

Ming Fai International Holdings'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 )
	=	292.427	/	1144.482
	=	0.26

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.

Ming Fai International Holdings Inventory Turnover Related Terms

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Ming Fai International Holdings (HKSE:03828) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ming Fai International Holdings Ltd (HKSE:03828) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Hoi Shing Road, Unit D3, 8th Floor, TML Tower, New Territories, Tsuen Wan, HKG

Website

https://www.mingfaigroup.com

Ming Fai International Holdings Ltd is an investment holding company. It is engaged in the manufacturing and trading of hospitality supplies products (Hospitality Supplies Business), trading of operating supplies and equipment (OS&E Business), and manufacturing and trading of health care and hygienic products (Health Care and Hygienic Products Business). Its products include Acrylic Hotel Supplies, Bath Mats, Portable Cables, umbrellas, Compact mirrors, Bath products, and others. The group has a business presence in North America, Europe, the PRC, Hong Kong, and other countries.

Executives

Ching Chi Fai	2101 Beneficial owner
Lo Kit Ling	2202 Interest of your spouse
Webb David Michael	2201 Interest of corporation controlled by you
Preferable Situation Assets Limited	2101 Beneficial owner

Ming Fai International Holdings (HKSE:03828) Headlines

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