Pacific Legend Group (HKSE:08547) Inventory Turnover : 0.59 (As of Sep. 2023)

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What is Pacific Legend 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. Pacific Legend Group's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$22.2 Mil. Pacific Legend Group's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$37.8 Mil. Pacific Legend Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pacific Legend Group's Days Inventory for the three months ended in Sep. 2023 was 155.35.

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. Pacific Legend Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.75.

Pacific Legend Group Inventory Turnover Historical Data

The historical data trend for Pacific Legend 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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Pacific Legend Group Inventory Turnover Chart

Pacific Legend Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.98

2.09

3.10

2.54

3.40

Pacific Legend Group 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															0.81	0.58	1.16	0.59	1.06

Pacific Legend Group Inventory Turnover Calculation

Pacific Legend Group's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	97.59	/ (	(36.608	+	40.217)	/	2 )
=	97.59	/	38.4125
=	2.54

Pacific Legend Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	22.175	/ (	(37.752	+	0)	/	1 )
=	22.175	/	37.752
=	0.59

Pacific Legend Group (HKSE:08547) 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.

Pacific Legend Group's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	37.752	/	22.175	*	365 / 4
	=	155.35

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.

Pacific Legend Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	37.752	/	50.325
	=	0.75

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.

Pacific Legend Group Inventory Turnover Related Terms

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Pacific Legend Group (HKSE:08547) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Pacific Legend Group Ltd (HKSE:08547) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Cyberport Road, Units 1202-04, Level 12, Cyberport 2, Hong Kong, HKG

Website

https://www.pacificlegendgroup.com

Pacific Legend Group Ltd and its subsidiaries are engaged in three lines of business; Rental of home furniture and accessories; Sale of home furniture and accessories; and Project and hospitality services. It derives a majority of its revenue from the sale of home furniture and accessories segment which includes retail, corporate sales, online shops, wholesale, and franchises. Geographically, the group has business operations in Hong Kong, UAE, and the PRC of which key revenue is derived from Hong Kong.

Executives

Century Great Investments Limited	2101 Beneficial owner
Cheung Wai Keung
Wong Wing Man
Bailey Alison Siobhan	2401 A concert party to an agreement to buy shares
Bulbeck David Frances	2202 Interest of your spouse
Double Lions Limited	2101 Beneficial owner
Fitzpatrick Tracy-ann	2201 Interest of corporation controlled by you
Leach James Seymour Dickson	2401 A concert party to an agreement to buy shares
Mclennan Jennifer Carver	2202 Interest of your spouse
Mclennan John Warren	2201 Interest of corporation controlled by you
Rinderknecht John Martin	2401 A concert party to an agreement to buy shares

Pacific Legend Group (HKSE:08547) Headlines

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