Noel Gifts International (SGX:543) Inventory Turnover : 1.07 (As of Dec. 2023)

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What is Noel Gifts International 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. Noel Gifts International's Cost of Goods Sold for the six months ended in Dec. 2023 was S$3.04 Mil. Noel Gifts International's Average Total Inventories for the quarter that ended in Dec. 2023 was S$2.83 Mil. Noel Gifts International's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Noel Gifts International's Days Inventory for the six months ended in Dec. 2023 was 169.88.

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. Noel Gifts International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.46.

Noel Gifts International Inventory Turnover Historical Data

The historical data trend for Noel Gifts International'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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Noel Gifts International Inventory Turnover Chart

Noel Gifts International Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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5.48

5.20

5.41

7.04

5.70

Noel Gifts International Semi-Annual 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															1.52	2.47	1.24	1.88	1.07

Noel Gifts International Inventory Turnover Calculation

Noel Gifts International'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 )
=	9.608	/ (	(1.544	+	1.83)	/	2 )
=	9.608	/	1.687
=	5.70

Noel Gifts International'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 )
=	3.043	/ (	(1.83	+	3.835)	/	2 )
=	3.043	/	2.8325
=	1.07

Noel Gifts International (SGX:543) 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.

Noel Gifts International's Days Inventory for the six 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
	=	2.8325	/	3.043	*	365 / 2
	=	169.88

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.

Noel Gifts International'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 )
	=	2.8325	/	6.152
	=	0.46

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.

Noel Gifts International Inventory Turnover Related Terms

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Noel Gifts International (SGX:543) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Noel Gifts International Ltd (SGX:543) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

21 Ubi Road 1, No. 03-01, Singapore, SGP, 408724

Website

https://www.noelgifts.com

Noel Gifts International Ltd is a hampers, flowers and gifts company. The company engages in the online marketing and sale of bouquets, gifts, and hampers in Singapore and Southeast Asia. The group is principally engaged in two reportable segments, namely Gifts and Properties. The Gifts segment relates to the marketing of gifts and the operation of the franchise programme. The Properties segment relates to property investment and development. It generates maximum revenue from its Gifts segment.

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