Hong Kong Resources Holdings Co (HKSE:02882) Days Inventory : 580.67 (As of Dec. 2023)

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What is Hong Kong Resources Holdings Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hong Kong Resources Holdings Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$554.4 Mil. Hong Kong Resources Holdings Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$174.2 Mil. Hence, Hong Kong Resources Holdings Co's Days Inventory for the six months ended in Dec. 2023 was 580.67.

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

HKSE:02882' s Days Inventory Range Over the Past 10 Years
Min: 261.76 Med: 328.91 Max: 517.05
Current: 350.95

During the past 13 years, Hong Kong Resources Holdings Co's highest Days Inventory was 517.05. The lowest was 261.76. And the median was 328.91.

HKSE:02882's Days Inventory is ranked worse than
90.73% of 1068 companies
in the Retail - Cyclical industry
Industry Median: 110.605 vs HKSE:02882: 350.95

Hong Kong Resources Holdings Co's Days Inventory increased from Dec. 2022 (476.63) to Dec. 2023 (580.67). It might indicate that Hong Kong Resources Holdings Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hong Kong Resources Holdings Co's Inventory Turnover for the six months ended in Dec. 2023 was 0.31.

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. Hong Kong Resources Holdings Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 2.20.

Hong Kong Resources Holdings Co Days Inventory Historical Data

The historical data trend for Hong Kong Resources Holdings 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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Hong Kong Resources Holdings Co Days Inventory Chart

Hong Kong Resources Holdings Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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317.88

517.05

406.81

330.20

327.61

Hong Kong Resources Holdings 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															385.38	305.40	476.63	246.83	580.67

Competitive Comparison of Hong Kong Resources Holdings Co's Days Inventory

For the Luxury Goods subindustry, Hong Kong Resources Holdings 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.

Hong Kong Resources Holdings Co's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Hong Kong Resources Holdings Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Hong Kong Resources Holdings Co's Days Inventory falls into.

Hong Kong Resources Holdings Co Days Inventory Calculation

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

Hong Kong Resources Holdings Co's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (602.939	+	532.889)	/	2 )	/	632.732	*	365
=	567.914					/	632.732	*	365
=	327.61

Hong Kong Resources Holdings 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
=	( (532.889	+	575.838)	/	2 )	/	174.233	*	365 / 2
=	554.3635					/	174.233	*	365 / 2
=	580.67

Hong Kong Resources Holdings Co (HKSE:02882) 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.

Hong Kong Resources Holdings Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	174.233	/	554.3635
	=	0.31

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.

Hong Kong Resources Holdings Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	554.3635	/	251.762
	=	2.20

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.

Hong Kong Resources Holdings Co Days Inventory Related Terms

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

Hong Kong Resources Holdings Co (HKSE:02882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hong Kong Resources Holdings Co Ltd (HKSE:02882) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No.89 Queensway, Tower One, Room 2306, 23/F, Lippo Centre, Hong Kong, HKG

Website

http://www.hkrh.hk

Hong Kong Resources Holdings Co Ltd is principally engaged in retailing, through self-operated points of sale as well as franchising of gold and jewellery products. The business operates in segments that include Retail sales and franchising operations for selling gold and jewellery products in Mainland China, which generates the majority of revenue, Retail sales operations for selling gold and jewellery products in Hong Kong and Macau and Wholesales and subcontracting operations for gold and jewellery products in Mainland China and New media marketing service business in Mainland China.

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