ISP Global (HKSE:08487) Inventory Turnover : 0.48 (As of Dec. 2023)

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What is ISP Global 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. ISP Global's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$37.2 Mil. ISP Global's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$77.1 Mil. ISP Global's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ISP Global's Days Inventory for the three months ended in Dec. 2023 was 189.13.

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. ISP Global's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.25.

ISP Global Inventory Turnover Historical Data

The historical data trend for ISP Global'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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ISP Global Inventory Turnover Chart

ISP Global Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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65.56

11.09

6.11

3.18

2.36

ISP Global Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.55	0.63	0.49	0.38	0.48

ISP Global Inventory Turnover Calculation

ISP Global's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	170.287	/ (	(46.392	+	98.109)	/	2 )
=	170.287	/	72.2505
=	2.36

ISP Global'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	37.211	/ (	(0	+	77.126)	/	1 )
=	37.211	/	77.126
=	0.48

ISP Global (HKSE:08487) 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.

ISP Global's Days Inventory for the three 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
	=	77.126	/	37.211	*	365 / 4
	=	189.13

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.

ISP Global'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 )
	=	77.126	/	61.749
	=	1.25

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.

ISP Global Inventory Turnover Related Terms

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ISP Global (HKSE:08487) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ISP Global Ltd (HKSE:08487) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

43/F., Central Plaza, Suite 4302, 18 Harbour Road, Wanchai, Hong Kong, HKG

Website

http://www.ispg.hk

ISP Global Ltd is a sound and communication services provider in Singapore. The company is engaged in the sale of sound and communication systems and related services; integrated services of sound and communication systems, with a focus on design, customization, and installation of sound and communication systems in buildings and alert alarm system services. The Group has two major business segments: (i) e-commerce operation; and (ii) sale and provision of integrated services of networking, sound and communication systems. The firm's revenue is mainly derived from Mainland China.

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