HL Global Enterprises (SGX:AVX) Inventory Turnover : 0.48 (As of Dec. 2023)

View and export this data going back to 1984. Start your Free Trial

What is HL Global Enterprises 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. HL Global Enterprises's Cost of Goods Sold for the six months ended in Dec. 2023 was S$1.52 Mil. HL Global Enterprises's Average Total Inventories for the quarter that ended in Dec. 2023 was S$3.18 Mil. HL Global Enterprises'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. HL Global Enterprises's Days Inventory for the six months ended in Dec. 2023 was 381.55.

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. HL Global Enterprises's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.99.

HL Global Enterprises Inventory Turnover Historical Data

The historical data trend for HL Global Enterprises'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.

* Premium members only.

HL Global Enterprises Inventory Turnover Chart

HL Global Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

1.00

0.72

0.47

0.95

0.92

HL Global Enterprises 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															0.26	0.43	0.52	0.45	0.48

HL Global Enterprises Inventory Turnover Calculation

HL Global Enterprises'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 )
=	2.993	/ (	(3.349	+	3.179)	/	2 )
=	2.993	/	3.264
=	0.92

HL Global Enterprises'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 )
=	1.522	/ (	(3.185	+	3.179)	/	2 )
=	1.522	/	3.182
=	0.48

HL Global Enterprises (SGX:AVX) 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.

HL Global Enterprises'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
	=	3.182	/	1.522	*	365 / 2
	=	381.55

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.

HL Global Enterprises'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 )
	=	3.182	/	3.198
	=	0.99

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.

HL Global Enterprises Inventory Turnover Related Terms

Thank you for viewing the detailed overview of HL Global Enterprises's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

HL Global Enterprises (SGX:AVX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » HL Global Enterprises Ltd (SGX:AVX) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Anson Road, Number 19-08 International Plaza, Singapore, SGP, 079903

Website

http://www.hlge.com.sg

HL Global Enterprises Ltd operates and manages hotels and restaurants in Singapore, Malaysia, and China. It is also engaged in the development of properties for sale and rental, and property and development project management. It operates in three segments: Investment and others, which involves investment holding; Hospitality and restaurant which is engaged in operating and management of hotels and restaurants; and Property development which includes development of properties for sale and rental and property and development project management. The hospitality and restaurant segment generates maximum revenue for the company. The company operates in Singapore, the People's Republic of China and Malaysia.