Kingbo Strike (HKSE:01421) Inventory Turnover : 2.97 (As of Jun. 2024)

View and export this data going back to 2013. Start your Free Trial

What is Kingbo Strike 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. Kingbo Strike's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$93.9 Mil. Kingbo Strike's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$31.7 Mil. Kingbo Strike's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kingbo Strike's Days Inventory for the six months ended in Jun. 2024 was 61.51.

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. Kingbo Strike's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.32.

Kingbo Strike Inventory Turnover Historical Data

The historical data trend for Kingbo Strike'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.

Kingbo Strike Inventory Turnover Chart

Kingbo Strike Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

Get a 7-Day Free Trial

4,080.12

9,380.55

9,455.60

4.89

Kingbo Strike Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	2.97

Kingbo Strike Inventory Turnover Calculation

Kingbo Strike's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	154.789	/ (	(0	+	31.662)	/	1 )
=	154.789	/	31.662
=	4.89

Kingbo Strike's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	93.947	/ (	(0	+	31.662)	/	1 )
=	93.947	/	31.662
=	2.97

Kingbo Strike (HKSE:01421) 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.

Kingbo Strike's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	31.662	/	93.947	*	365 / 2
	=	61.51

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.

Kingbo Strike's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	31.662	/	97.614
	=	0.32

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.

Kingbo Strike Inventory Turnover Related Terms

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

Kingbo Strike Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Kingbo Strike Ltd (HKSE:01421) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 61 Mody Road, Unit 1202, 12th Floor, Mirror Tower, Tsim Sha Tsui East, Hong Kong, HKG

Website

http://www.kingbostrike.com

Kingbo Strike Ltd is engaged in the provision of electrical engineering services for public residential and commercial projects as well as deals in solar power business. The company operates in two segmtents namely, the Engineering Services segment comprises of electrical engineering solutions and related services; Solar power business segment comprises supply and installation services of solar photovoltaic parts and equipment; Electrical distribution system business segment engages in the provision of electrical distribution system. The company generates maximum revenue from the Solar Power Business segment. The company geographically operates in The People's Republic of China.

Kingbo Strike Headlines

No Headlines