Virtual Mind Holding Co (HKSE:01520) Days Inventory : 50.04 (As of Dec. 2023)

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What is Virtual Mind Holding Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Virtual Mind Holding Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$8.05 Mil. Virtual Mind Holding Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$29.36 Mil. Hence, Virtual Mind Holding Co's Days Inventory for the six months ended in Dec. 2023 was 50.04.

The historical rank and industry rank for Virtual Mind Holding Co's Days Inventory or its related term are showing as below:

HKSE:01520' s Days Inventory Range Over the Past 10 Years
Min: 20.71 Med: 30.02 Max: 54.96
Current: 50.06

During the past 12 years, Virtual Mind Holding Co's highest Days Inventory was 54.96. The lowest was 20.71. And the median was 30.02.

HKSE:01520's Days Inventory is ranked better than
85.64% of 1010 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.41 vs HKSE:01520: 50.06

Virtual Mind Holding Co's Days Inventory increased from Dec. 2022 (19.86) to Dec. 2023 (50.04). It might indicate that Virtual Mind Holding Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Virtual Mind Holding Co's Inventory Turnover for the six months ended in Dec. 2023 was 3.65.

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. Virtual Mind Holding Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.23.

Virtual Mind Holding Co Days Inventory Historical Data

The historical data trend for Virtual Mind Holding Co'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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Virtual Mind Holding Co Days Inventory Chart

Virtual Mind Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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34.61

54.96

32.46

30.38

49.68

Virtual Mind Holding Co 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															30.14	65.36	19.86	50.47	50.04

Competitive Comparison of Virtual Mind Holding Co's Days Inventory

For the Apparel Manufacturing subindustry, Virtual Mind Holding Co'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.

Virtual Mind Holding Co's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Virtual Mind Holding Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Virtual Mind Holding Co's Days Inventory falls into.

Virtual Mind Holding Co Days Inventory Calculation

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

Virtual Mind Holding Co'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
=	( (6.564	+	8.435)	/	2 )	/	55.095	*	365
=	7.4995					/	55.095	*	365
=	49.68

Virtual Mind Holding Co'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
=	( (7.668	+	8.435)	/	2 )	/	29.362	*	365 / 2
=	8.0515					/	29.362	*	365 / 2
=	50.04

Virtual Mind Holding Co (HKSE:01520) 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.

Virtual Mind Holding Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	29.362	/	8.0515
	=	3.65

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.

Virtual Mind Holding Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8.0515	/	34.396
	=	0.23

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.

Virtual Mind Holding Co Days Inventory Related Terms

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

Virtual Mind Holding Co (HKSE:01520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Virtual Mind Holding Co Ltd (HKSE:01520) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

538 Castle Peak Road, Room 2511-15, 25 Floor, Peninsula Tower, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.vmh.com.hk

Virtual Mind Holding Co Ltd is engaged in designing, manufacturing, and trading apparel; provision of money lending business, namely money lending operation; selling of gaming and animated characters related products, namely IP application and products operation. It offers women's fashion outerwear such as coats and jackets, dresses, activewear, and pants. Majority of the revenue is generated from the Design, manufacture, and trading of the apparel segment. Geographically, it derives the majority of revenue from The PRC and also has a presence in Hong Kong and The USA.

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