Sky Blue 11 Co (Sky Blue 11 Co) Inventory Turnover : 0.10 (As of Dec. 2023)

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What is Sky Blue 11 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. Sky Blue 11 Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $2.11 Mil. Sky Blue 11 Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $20.21 Mil. Sky Blue 11 Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sky Blue 11 Co's Days Inventory for the three months ended in Dec. 2023 was 875.43.

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. Sky Blue 11 Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 12.85.

Sky Blue 11 Co Inventory Turnover Historical Data

The historical data trend for Sky Blue 11 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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Sky Blue 11 Co Inventory Turnover Chart

Sky Blue 11 Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.58

8.38

25.85

1.10

0.51

Sky Blue 11 Co Quarterly Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															16.14	12.31	0.82	0.39	0.10

Sky Blue 11 Co Inventory Turnover Calculation

Sky Blue 11 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 )
=	10.552	/ (	(22.351	+	19.133)	/	2 )
=	10.552	/	20.742
=	0.51

Sky Blue 11 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 )
=	2.107	/ (	(21.295	+	19.133)	/	2 )
=	2.107	/	20.214
=	0.10

Sky Blue 11 Co (OTCPK:PIHLF) 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.

Sky Blue 11 Co'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
	=	20.214	/	2.107	*	365 / 4
	=	875.43

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.

Sky Blue 11 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 )
	=	20.214	/	1.573
	=	12.85

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.

Sky Blue 11 Co Inventory Turnover Related Terms

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Sky Blue 11 Co (Sky Blue 11 Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sky Blue 11 Co Ltd (OTCPK:PIHLF) » Definitions » Inventory Turnover

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01010:Hong Kong

Address

50 Connaught Road Central, 28th Floor, Agricultural Bank of China Tower, Central, Hong Kong, HKG

Website

https://www.pacray.com.hk

Balk 1798 Group Ltd is an investment holding company. The reportable segment of the company is the design and sales of integrated circuits and semi-conductor parts used in industrial and household measuring tools and display products; executive jet management services; sales of yachts and other yachting related businesses; property investment and Headquarter and others segment which comprises principally the Group's corporate administrative and investment functions performed by the headquarter and provision of finance lease services. Its geographical markets include Hong Kong and Mainland China.

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