China Modern Dairy Holdings (HKSE:01117) Days Inventory : 90.07 (As of Dec. 2023)

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What is China Modern Dairy Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Modern Dairy Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$2,816 Mil. China Modern Dairy Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$5,707 Mil. Hence, China Modern Dairy Holdings's Days Inventory for the six months ended in Dec. 2023 was 90.07.

The historical rank and industry rank for China Modern Dairy Holdings's Days Inventory or its related term are showing as below:

HKSE:01117' s Days Inventory Range Over the Past 10 Years
Min: 56.92 Med: 108.05 Max: 133.5
Current: 101.29

During the past 13 years, China Modern Dairy Holdings's highest Days Inventory was 133.50. The lowest was 56.92. And the median was 108.05.

HKSE:01117's Days Inventory is ranked worse than
60.97% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 82.035 vs HKSE:01117: 101.29

China Modern Dairy Holdings's Days Inventory declined from Dec. 2022 (90.99) to Dec. 2023 (90.07).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Modern Dairy Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 2.03.

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 Modern Dairy Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.38.

China Modern Dairy Holdings Days Inventory Historical Data

The historical data trend for China Modern Dairy Holdings'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.

China Modern Dairy Holdings Days Inventory Chart

China Modern Dairy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

111.10

111.25

133.50

116.88

112.91

China Modern Dairy Holdings 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															105.11	88.73	90.99	101.00	90.07

Competitive Comparison of China Modern Dairy Holdings's Days Inventory

For the Farm Products subindustry, China Modern Dairy Holdings'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 Modern Dairy Holdings's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Modern Dairy Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Modern Dairy Holdings's Days Inventory falls into.

China Modern Dairy Holdings Days Inventory Calculation

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

China Modern Dairy Holdings'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
=	( (3773.765	+	3216.769)	/	2 )	/	11298.965	*	365
=	3495.267					/	11298.965	*	365
=	112.91

China Modern Dairy Holdings'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
=	( (2416.125	+	3216.769)	/	2 )	/	5706.835	*	365 / 2
=	2816.447					/	5706.835	*	365 / 2
=	90.07

China Modern Dairy Holdings (HKSE:01117) 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 Modern Dairy Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5706.835	/	2816.447
	=	2.03

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 Modern Dairy Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2816.447	/	7464.823
	=	0.38

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 Modern Dairy Holdings Days Inventory Related Terms

Thank you for viewing the detailed overview of China Modern Dairy Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

China Modern Dairy Holdings (HKSE:01117) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Modern Dairy Holdings Ltd (HKSE:01117) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

07M:Germany

Address

Economic and Technological Development Zone, Danyang Town, Bowang District, Anhui Province, Maanshan City, CHN

Website

http://www.moderndairyir.com

China Modern Dairy Holdings Ltd operates in the Chinese food industry. Its primary business includes the production of milk and its revenue mainly depends on the sale of raw milk. The company produces and sells raw milk to customers for processing into dairy products and Liquid Milk products business which relates to its sale of liquid milk products.

Executives

Bank Of China Limited	2201 Interest of corporation controlled by you
Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Boc International Holdings Limited	2201 Interest of corporation controlled by you
Boci Financial Products Limited	2101 Beneficial owner
Mgd Holdings	2101 Beneficial owner
China Mengniu Dairy Company Limited	2201 Interest of corporation controlled by you
Ggg Holdings Limited	2101 Beneficial owner
Liu Chang	2201 Interest of corporation controlled by you
New Century Ltd.	2201 Interest of corporation controlled by you
Xin Xi Wang Ru Ye Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

China Modern Dairy Holdings (HKSE:01117) Headlines

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