Golik Holdings (HKSE:01118) Days Inventory : 71.13 (As of Dec. 2023)

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What is Golik Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Golik Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$718 Mil. Golik Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,842 Mil. Hence, Golik Holdings's Days Inventory for the six months ended in Dec. 2023 was 71.13.

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

HKSE:01118' s Days Inventory Range Over the Past 10 Years
Min: 48 Med: 67.35 Max: 90.05
Current: 76.75

During the past 13 years, Golik Holdings's highest Days Inventory was 90.05. The lowest was 48.00. And the median was 67.35.

HKSE:01118's Days Inventory is ranked better than
58.12% of 573 companies
in the Steel industry
Industry Median: 86.42 vs HKSE:01118: 76.75

Golik Holdings's Days Inventory declined from Dec. 2022 (84.75) to Dec. 2023 (71.13).

Inventory Turnover measures how fast the company turns over its inventory within a year. Golik Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 2.57.

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. Golik Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.33.

Golik Holdings Days Inventory Historical Data

The historical data trend for Golik 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.

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Golik Holdings Days Inventory Chart

Golik Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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90.05

74.87

62.16

73.89

71.31

Golik 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															73.45	85.44	84.75	88.63	71.13

Competitive Comparison of Golik Holdings's Days Inventory

For the Steel subindustry, Golik 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.

Golik Holdings's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Golik Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Golik Holdings's Days Inventory falls into.

Golik Holdings Days Inventory Calculation

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

Golik 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
=	( (784.999	+	590.542)	/	2 )	/	3520.415	*	365
=	687.7705					/	3520.415	*	365
=	71.31

Golik 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
=	( (845.249	+	590.542)	/	2 )	/	1841.907	*	365 / 2
=	717.8955					/	1841.907	*	365 / 2
=	71.13

Golik Holdings (HKSE:01118) 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.

Golik Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1841.907	/	717.8955
	=	2.57

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	717.8955	/	2184.546
	=	0.33

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.

Golik Holdings Days Inventory Related Terms

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

Golik Holdings (HKSE:01118) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Golik Holdings Ltd (HKSE:01118) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Harbour Road, Suite 6505, Central Plaza, Wanchai, Hong Kong, HKG

Website

https://www.golik.com

Golik Holdings Ltd is involved in the manufacturing, processing, and distribution of steel, metal products, and building construction materials. The operating segments of the group are Metal products and Building Construction Materials. It offers Steel coil processing, steel wires and wire rope products, Concrete products, Construction steel products and processing, and other construction products and Printing materials. The group has a business presence in Hong Kong, Mainland China, Macau, and other countries, of which key revenue is derived from Hong Kong.

Executives

Golik Investments Ltd.
Pang Tak Chung

Golik Holdings (HKSE:01118) Headlines

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