WLS Holdings (HKSE:08021) Inventory Turnover : 16.12 (As of Oct. 2023)

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What is WLS 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. WLS Holdings's Cost of Goods Sold for the three months ended in Oct. 2023 was HK$8.5 Mil. WLS Holdings's Average Total Inventories for the quarter that ended in Oct. 2023 was HK$0.5 Mil. WLS Holdings's Inventory Turnover for the quarter that ended in Oct. 2023 was 16.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. WLS Holdings's Days Inventory for the three months ended in Oct. 2023 was 5.66.

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. WLS Holdings's Inventory-to-Revenue for the quarter that ended in Oct. 2023 was 0.03.

WLS Holdings Inventory Turnover Historical Data

The historical data trend for WLS 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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WLS Holdings Inventory Turnover Chart

WLS Holdings Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Inventory Turnover

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327.44

199.90

93.22

112.74

146.11

WLS Holdings Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Inventory Turnover	Get a 7-Day Free Trial															35.09	22.46	35.28	24.49	16.12

WLS Holdings Inventory Turnover Calculation

WLS Holdings's Inventory Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Inventory Turnover (A: Apr. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2023 )	/ (	(Total Inventories (A: Apr. 2022 )	+	Total Inventories (A: Apr. 2023 ))	/	count )
=	98.112	/ (	(0.866	+	0.477)	/	2 )
=	98.112	/	0.6715
=	146.11

WLS Holdings's Inventory Turnover for the quarter that ended in Oct. 2023 is calculated as

	Inventory Turnover (Q: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Oct. 2023 )	/ (	(Total Inventories (Q: Jul. 2023 )	+	Total Inventories (Q: Oct. 2023 ))	/	count )
=	8.526	/ (	(0	+	0.529)	/	1 )
=	8.526	/	0.529
=	16.12

WLS Holdings (HKSE:08021) 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.

WLS Holdings's Days Inventory for the three months ended in Oct. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2023 )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
	=	0.529	/	8.526	*	365 / 4
	=	5.66

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.

WLS Holdings's Inventory to Revenue for the quarter that ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2023 )	/	Revenue (Q: Oct. 2023 )
	=	0.529	/	21.122
	=	0.03

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.

WLS Holdings Inventory Turnover Related Terms

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WLS Holdings (HKSE:08021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » WLS Holdings Ltd (HKSE:08021) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.11 Yip Hing Street, Rooms 1001-1006, 10th Floor, Tower A, Southmark, Wong Chuk Hang, Aberdeen, Hong Kong, HKG

Website

http://www.wls.com.hk

WLS Holdings Ltd is a Hong Kong-based company engaged in providing construction services. It operates through the segments of Scaffolding, fitting out, and other auxiliary services for construction and building work, Money lending business, and Securities investment business. The group generates a majority of the revenue from the Scaffolding services segment Geographically, the company carries its business operations in Hong Kong.

Executives

Chong Man San Denise
Leung Wai Ho

WLS Holdings (HKSE:08021) Headlines

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