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Best Mart 360 Holdings (HKSE:02360) Days Inventory : 59.21 (As of Sep. 2023)


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What is Best Mart 360 Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Best Mart 360 Holdings's Average Total Inventories for the six months ended in Sep. 2023 was HK$257 Mil. Best Mart 360 Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$792 Mil. Hence, Best Mart 360 Holdings's Days Inventory for the six months ended in Sep. 2023 was 59.21.

The historical rank and industry rank for Best Mart 360 Holdings's Days Inventory or its related term are showing as below:

HKSE:02360' s Days Inventory Range Over the Past 10 Years
Min: 47.96   Med: 57.77   Max: 69.6
Current: 53.06

During the past 7 years, Best Mart 360 Holdings's highest Days Inventory was 69.60. The lowest was 47.96. And the median was 57.77.

HKSE:02360's Days Inventory is ranked worse than
70.43% of 301 companies
in the Retail - Defensive industry
Industry Median: 35.95 vs HKSE:02360: 53.06

Best Mart 360 Holdings's Days Inventory increased from Sep. 2022 (55.79) to Sep. 2023 (59.21). It might indicate that Best Mart 360 Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Best Mart 360 Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 3.08.

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. Best Mart 360 Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.21.


Best Mart 360 Holdings Days Inventory Historical Data

The historical data trend for Best Mart 360 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.

Best Mart 360 Holdings Days Inventory Chart

Best Mart 360 Holdings Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Days Inventory
Get a 7-Day Free Trial 47.96 49.79 59.86 55.08 57.77

Best Mart 360 Holdings Semi-Annual Data
Mar16 Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 65.13 54.37 55.79 48.22 59.21

Competitive Comparison of Best Mart 360 Holdings's Days Inventory

For the Discount Stores subindustry, Best Mart 360 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.


Best Mart 360 Holdings's Days Inventory Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Best Mart 360 Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Best Mart 360 Holdings's Days Inventory falls into.



Best Mart 360 Holdings Days Inventory Calculation

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

Best Mart 360 Holdings's Days Inventory for the fiscal year that ended in Mar. 2022 is calculated as

Days Inventory (A: Mar. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2021 ) + Total Inventories (A: Mar. 2022 )) / count ) / Cost of Goods Sold (A: Mar. 2022 )*Days in Period
=( (198.547 + 217.969) / 2 ) / 1315.872*365
=208.258 / 1315.872*365
=57.77

Best Mart 360 Holdings's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

Days Inventory (Q: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (244.219 + 269.351) / 2 ) / 791.516*365 / 2
=256.785 / 791.516*365 / 2
=59.21

* 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.


Best Mart 360 Holdings  (HKSE:02360) 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.

Best Mart 360 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.

Best Mart 360 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.


Best Mart 360 Holdings Days Inventory Related Terms

Thank you for viewing the detailed overview of Best Mart 360 Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Best Mart 360 Holdings (HKSE:02360) Business Description

Traded in Other Exchanges
Address
No. 108 Wai Yip Street, 11th Floor, C-Bons International Center, Kowloon, Hong Kong, HKG
Best Mart 360 Holdings Ltd is a leisure food retailer operating chain retail stores under its stores Best Mart 360 and FoodVille. The company is engaged in retail sales of food and beverage, household and personal care products in Hong Kong, Macau and People's Republic of China. The company generates majority of the revenue from Hong Kong.
Executives
China Merchants Group Limited 2201 Interest of corporation controlled by you
China Merchants Hoi Tung Trading Company Limited 2106 Person having a security interest in shares
United East Global Limited 2101 Beneficial owner
Universal Tycoon Limited 2101 Beneficial owner
Sino Sea Enterprises Limited 2101 Beneficial owner
Hui Ngai Fan 2201 Interest of corporation controlled by you
Lin Tsz Fung 2201 Interest of corporation controlled by you
Sea Wealth Ventures Limited 2101 Beneficial owner
Giant Blessing Global Limited 2101 Beneficial owner
Lee Wai Bing 2202 Interest of your spouse

Best Mart 360 Holdings (HKSE:02360) Headlines

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