Winox Holdings (HKSE:06838) Days Inventory : 40.81 (As of Dec. 2023)

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What is Winox Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Winox Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$61.7 Mil. Winox Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$275.7 Mil. Hence, Winox Holdings's Days Inventory for the six months ended in Dec. 2023 was 40.81.

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

HKSE:06838' s Days Inventory Range Over the Past 10 Years
Min: 34.93 Med: 44.65 Max: 70.7
Current: 47.66

During the past 13 years, Winox Holdings's highest Days Inventory was 70.70. The lowest was 34.93. And the median was 44.65.

HKSE:06838's Days Inventory is ranked better than
80.24% of 1068 companies
in the Retail - Cyclical industry
Industry Median: 110.73 vs HKSE:06838: 47.66

Winox Holdings's Days Inventory declined from Dec. 2022 (50.31) to Dec. 2023 (40.81).

Inventory Turnover measures how fast the company turns over its inventory within a year. Winox Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 4.47.

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. Winox Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.16.

Winox Holdings Days Inventory Historical Data

The historical data trend for Winox 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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Winox Holdings Days Inventory Chart

Winox Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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42.05

48.44

42.39

49.07

50.62

Winox 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															39.10	58.44	50.31	51.58	40.81

Competitive Comparison of Winox Holdings's Days Inventory

For the Luxury Goods subindustry, Winox 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.

Winox Holdings's Days Inventory Distribution in the Retail - Cyclical Industry

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

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

Winox Holdings Days Inventory Calculation

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

Winox 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
=	( (92.311	+	60.358)	/	2 )	/	550.439	*	365
=	76.3345					/	550.439	*	365
=	50.62

Winox 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
=	( (62.967	+	60.358)	/	2 )	/	275.74	*	365 / 2
=	61.6625					/	275.74	*	365 / 2
=	40.81

Winox Holdings (HKSE:06838) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	275.74	/	61.6625
	=	4.47

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	61.6625	/	390.494
	=	0.16

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.

Winox Holdings Days Inventory Related Terms

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

Winox Holdings (HKSE:06838) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Winox Holdings Ltd (HKSE:06838) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

610 Cha Kwo Ling Road, Units 2 and 3, 1st Floor, Sunray Industrial Centre, Yau Tong, Kowloon, Hong Kong, HKG

Website

http://www.winox.com

Winox Holdings Ltd is an investment holding company principally engaged in the development and manufacture of premium stainless steel products, which include products such as watch bracelets, mobile phone cases and parts, smart wearable cases and parts, and fashion accessories. Its geographical segments include China, Taiwan, Switzerland, Hong Kong, Liechtenstein & other European countries, and Other countries. The majority of the revenue comes from the PRC. Its product includes Mobile phone cases and parts, Watch bracelets, Smart wearable cases and parts, and Fashion accessories.

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