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Wing On Co International (HKSE:00289) Days Inventory : 67.79 (As of Dec. 2023)


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What is Wing On Co International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Wing On Co International's Average Total Inventories for the six months ended in Dec. 2023 was HK$74 Mil. Wing On Co International's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$198 Mil. Hence, Wing On Co International's Days Inventory for the six months ended in Dec. 2023 was 67.79.

The historical rank and industry rank for Wing On Co International's Days Inventory or its related term are showing as below:

HKSE:00289' s Days Inventory Range Over the Past 10 Years
Min: 44.08   Med: 68.69   Max: 78.59
Current: 68.32

During the past 13 years, Wing On Co International's highest Days Inventory was 78.59. The lowest was 44.08. And the median was 68.69.

HKSE:00289's Days Inventory is ranked better than
69.72% of 1070 companies
in the Retail - Cyclical industry
Industry Median: 110.775 vs HKSE:00289: 68.32

Wing On Co International's Days Inventory declined from Dec. 2022 (68.52) to Dec. 2023 (67.79).

Inventory Turnover measures how fast the company turns over its inventory within a year. Wing On Co International's Inventory Turnover for the six months ended in Dec. 2023 was 2.69.

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. Wing On Co International's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.14.


Wing On Co International Days Inventory Historical Data

The historical data trend for Wing On Co International's Days Inventory 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.

Wing On Co International Days Inventory Chart

Wing On Co International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 78.59 74.66 71.83 73.41 69.77

Wing On Co International Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 66.24 85.70 68.52 67.39 67.79

Competitive Comparison of Wing On Co International's Days Inventory

For the Department Stores subindustry, Wing On Co International's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Wing On Co International's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Wing On Co International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Wing On Co International's Days Inventory falls into.



Wing On Co International Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Wing On Co International's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (73.766 + 76.763) / 2 ) / 393.766*365
=75.2645 / 393.766*365
=69.77

Wing On Co International's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (70.578 + 76.763) / 2 ) / 198.33*365 / 2
=73.6705 / 198.33*365 / 2
=67.79

* 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.


Wing On Co International  (HKSE:00289) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Wing On Co International's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

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.

Wing On Co International's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

* 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.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Wing On Co International Days Inventory Related Terms

Thank you for viewing the detailed overview of Wing On Co International's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Wing On Co International (HKSE:00289) Business Description

Traded in Other Exchanges
N/A
Address
211 Des Voeux Road Central, 7th Floor, Wing On Centre, Hong Kong, HKG
Wing On Co International Ltd operates department stores. It also invests in properties. The company has two segments namely, Department Stores and Property Investment. Department stores segment operates department stores in Hong Kong, while the Property Investment segment engages in leasing commercial premises to generate rental income. Its investment property portfolio is spread across Hong Kong, Australia, and the United States of America. The firm derives most of its revenues from department stores.

Wing On Co International (HKSE:00289) Headlines

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