Days Inventory is also known as Days Sales of Inventory (DSI). Major Holdings's Average Total Inventories for the
six
months ended in Sep. 2023 was HK$74.28 Mil. Major Holdings's Cost of Goods Sold for the
six
months ended in Sep. 2023 was HK$25.81 Mil.
Hence, Major Holdings's Days Inventory for the
six
months ended in Sep. 2023 was 525.17.
The historical rank and industry rank for Major Holdings's Days Inventory or its related term are showing as below:
HKSE:01389'
s Days Inventory Range Over the Past 10 Years
Min: 138.72 Med: 188.4 Max: 496.61
Current: 496.61
During the past 11 years, Major Holdings's highest Days Inventory was 496.61. The lowest was 138.72. And the median was 188.40.
HKSE:01389's Days Inventory is ranked worse than 77.07% of 205
companies
in the Beverages - Alcoholic industry
Industry Median: 160.75
vs HKSE:01389: 496.61
Major Holdings's Days Inventory
increased
from Sep. 2022 (393.94) to Sep. 2023 (525.17).
It might indicate that Major Holdings's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Major Holdings's Inventory Turnover for the
six
months ended in Sep. 2023 was 0.35.
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.
Major Holdings's Inventory-to-Revenue for the
six
months ended in Sep. 2023 was 2.52.
Major Holdings Days Inventory Historical Data
The historical data trend for Major 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.
Competitive Comparison of Major Holdings's Days Inventory
For the Beverages - Wineries & Distilleries subindustry, Major 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.
Major Holdings's Days Inventory Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Major Holdings's Days Inventory distribution charts can be found below:
* The bar in red indicates where Major Holdings's Days Inventory falls into.
Major Holdings Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Major Holdings's Days Inventory for the fiscal year that ended in Mar. 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.
Major Holdings (HKSE:01389) 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.
Major Holdings's Inventory Turnover for the
six
months ended in Sep. 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.
Major Holdings's Inventory to Revenue for the
six
months ended in Sep. 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.
Major Holdings Days Inventory Related Terms
Thank you for viewing the detailed overview of Major Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Major Holdings Ltd is an investment holding company. It is principally engaged in the distribution of wine and spirit products and wine accessory products in Hong Kong. Its products include Red wine, White wine, Sparkling wine, Spirits, Sake, Wine accessory products and other products. The group offers products through its retail showrooms, a network of distributors, retail organizations, five-star hotels, and private clubs. Its revenue are all derived from Hong Kong.
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