Days Inventory is also known as Days Sales of Inventory (DSI). China Foods's Average Total Inventories for the
six
months ended in Dec. 2023 was HK$1,612 Mil. China Foods's Cost of Goods Sold for the
six
months ended in Dec. 2023 was HK$6,415 Mil.
Hence, China Foods's Days Inventory for the
six
months ended in Dec. 2023 was 45.85.
The historical rank and industry rank for China Foods's Days Inventory or its related term are showing as below:
HKSE:00506'
s Days Inventory Range Over the Past 10 Years
Min: 42.66 Med: 61.52 Max: 203.54
Current: 42.66
During the past 13 years, China Foods's highest Days Inventory was 203.54. The lowest was 42.66. And the median was 61.52.
HKSE:00506's Days Inventory is ranked better than 77.98% of 109
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 67.66
vs HKSE:00506: 42.66
China Foods's Days Inventory
declined
from Dec. 2022 (46.27) to Dec. 2023 (45.85).
Inventory Turnover measures how fast the company turns over its inventory within a year.
China Foods's Inventory Turnover for the
six
months ended in Dec. 2023 was 3.98.
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.
China Foods's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.16.
China Foods Days Inventory Historical Data
The historical data trend for China Foods'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.
Competitive Comparison of China Foods's Days Inventory
For the Beverages - Non-Alcoholic subindustry, China Foods'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.
China Foods's Days Inventory Distribution in the Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, China Foods's Days Inventory distribution charts can be found below:
* The bar in red indicates where China Foods's Days Inventory falls into.
China Foods Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
China Foods's Days Inventory for the fiscal year that 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.
China Foods (HKSE:00506) 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.
China Foods'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.
China Foods'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.
China Foods Days Inventory Related Terms
Thank you for viewing the detailed overview of China Foods's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
China Foods Ltd is an investment holding company that operates in the beverage business. It offers twenty-four brands of products in eleven major types of beverages, which include sparkling drink, juice, water, milk drink, energy drink, tea, coffee, functional nutrition drink, sports drink, plant-based protein drink, and alcoholic drink. Geographically, it derives the majority of revenue from Mainland China.
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