China Tobacco International (HK) Co (HKSE:06055) Inventory Turnover : 1.37 (As of Dec. 2023)

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What is China Tobacco International (HK) 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. China Tobacco International (HK) Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,749 Mil. China Tobacco International (HK) Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$2,731 Mil. China Tobacco International (HK) Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Tobacco International (HK) Co's Days Inventory for the six months ended in Dec. 2023 was 132.92.

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. China Tobacco International (HK) Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.67.

China Tobacco International (HK) Co Inventory Turnover Historical Data

The historical data trend for China Tobacco International (HK) 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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China Tobacco International (HK) Co Inventory Turnover Chart

China Tobacco International (HK) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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13.42

3.73

5.36

3.96

3.92

China Tobacco International (HK) Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial									5.68	1.82	1.64	2.80	1.37

China Tobacco International (HK) Co Inventory Turnover Calculation

China Tobacco International (HK) 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 )
=	10747.897	/ (	(2509.288	+	2973.65)	/	2 )
=	10747.897	/	2741.469
=	3.92

China Tobacco International (HK) 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 )
=	3749.243	/ (	(2487.587	+	2973.65)	/	2 )
=	3749.243	/	2730.6185
=	1.37

China Tobacco International (HK) Co (HKSE:06055) 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.

China Tobacco International (HK) 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
	=	2730.6185	/	3749.243	*	365 / 2
	=	132.92

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.

China Tobacco International (HK) 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 )
	=	2730.6185	/	4092.222
	=	0.67

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.

China Tobacco International (HK) Co Inventory Turnover Related Terms

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China Tobacco International (HK) Co (HKSE:06055) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » China Tobacco International (HK) Co Ltd (HKSE:06055) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Hung Leun Road, China Life Center, Room 1002, 10th Floor, Tower A, One Harbour Gate, Hung Hom, Kowloon, Hong Kong, HKG

Website

http://www.ctihk.com.hk

China Tobacco International (HK) Co Ltd is engaged in the tobacco business. It operates through the following segments: Tobacco Leaf Products Export Business, the Tobacco Leaf Product Import Business, the Cigarettes Export Business, and New Tobacco Product Export Business. The company's geographical segments are China (excluding the SARs), Indonesia, Hong Kong, Philippines, Vietnam, Singapore, Thailand, and others.

Executives

China National Tobacco Corporation	2201 Interest of corporation controlled by you
Tian Li International Company Limited	2101 Beneficial owner

China Tobacco International (HK) Co (HKSE:06055) Headlines

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