Empire East Land Holdings (PHS:ELI) Inventory Turnover : 0.03 (As of Mar. 2024)

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What is Empire East Land 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. Empire East Land Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was ₱699 Mil. Empire East Land Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was ₱20,574 Mil. Empire East Land Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Empire East Land Holdings's Days Inventory for the three months ended in Mar. 2024 was 2,683.99.

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. Empire East Land Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 15.77.

Empire East Land Holdings Inventory Turnover Historical Data

The historical data trend for Empire East Land 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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Empire East Land Holdings Inventory Turnover Chart

Empire East Land Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.10

0.12

0.11

0.12

0.13

Empire East Land Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.03	0.03	0.03	0.05	0.03

Empire East Land Holdings Inventory Turnover Calculation

Empire East Land 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 )
=	2734.799	/ (	(21105.557	+	20625.101)	/	2 )
=	2734.799	/	20865.329
=	0.13

Empire East Land Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	699.472	/ (	(20625.101	+	20522.882)	/	2 )
=	699.472	/	20573.9915
=	0.03

Empire East Land Holdings (PHS:ELI) 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.

Empire East Land Holdings's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	20573.9915	/	699.472	*	365 / 4
	=	2,683.99

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.

Empire East Land Holdings's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	20573.9915	/	1304.905
	=	15.77

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.

Empire East Land Holdings Inventory Turnover Related Terms

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Empire East Land Holdings (PHS:ELI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Empire East Land Holdings Inc (PHS:ELI) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

P. Antonio Street, 2nd Floor Tower 2, Kasara Urban Resort Residences, Barangay Ugong, Pasig City, PHL, 1604

Website

https://www.eelhi.com.ph

Empire East Land Holdings Inc is engaged in the development and marketing of mid-cost housing projects in the form of condominium communities, subdivision lots and house and lot packages, and commercial units to a limited extent. The company also leases out commercial and industrial properties. It classifies and monitors its projects into high-rise and horizontal. High-rise projects refer to condominiums and other medium-scale properties while horizontal projects refer to house and lot packages and subdivision lots. Both are intended for the middle-income market.

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