Neo-Concept International Group Holdings (Neo-Concept International Group Holdings) Days Inventory : 5.53 (As of Jun. 2023)

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What is Neo-Concept International Group Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Neo-Concept International Group Holdings's Average Total Inventories for the six months ended in Jun. 2023 was $0.25 Mil. Neo-Concept International Group Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was $8.39 Mil. Hence, Neo-Concept International Group Holdings's Days Inventory for the six months ended in Jun. 2023 was 5.53.

The historical rank and industry rank for Neo-Concept International Group Holdings's Days Inventory or its related term are showing as below:

NCI' s Days Inventory Range Over the Past 10 Years
Min: 1.18 Med: 1.68 Max: 2.83
Current: 2.6

During the past 3 years, Neo-Concept International Group Holdings's highest Days Inventory was 2.83. The lowest was 1.18. And the median was 1.68.

NCI's Days Inventory is ranked better than
99.51% of 1014 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 129.56 vs NCI: 2.60

Neo-Concept International Group Holdings's Days Inventory increased from Jun. 2022 (0.59) to Jun. 2023 (5.53). It might indicate that Neo-Concept International Group Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Neo-Concept International Group Holdings's Inventory Turnover for the six months ended in Jun. 2023 was 32.98.

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. Neo-Concept International Group Holdings's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.03.

Neo-Concept International Group Holdings Days Inventory Historical Data

The historical data trend for Neo-Concept International Group 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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Neo-Concept International Group Holdings Days Inventory Chart

Neo-Concept International Group Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Days Inventory

2.83

1.68

1.18

Neo-Concept International Group Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial			3.62	0.82	0.59	1.12	5.53

Competitive Comparison of Neo-Concept International Group Holdings's Days Inventory

For the Apparel Manufacturing subindustry, Neo-Concept International Group 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.

Neo-Concept International Group Holdings's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Neo-Concept International Group Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Neo-Concept International Group Holdings's Days Inventory falls into.

Neo-Concept International Group Holdings Days Inventory Calculation

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

Neo-Concept International Group Holdings's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.087	+	0.167)	/	2 )	/	39.255	*	365
=	0.127					/	39.255	*	365
=	1.18

Neo-Concept International Group Holdings's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.167	+	0.342)	/	2 )	/	8.394	*	365 / 2
=	0.2545					/	8.394	*	365 / 2
=	5.53

Neo-Concept International Group Holdings (NAS:NCI) 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.

Neo-Concept International Group Holdings's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.394	/	0.2545
	=	32.98

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.

Neo-Concept International Group Holdings's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.2545	/	9.947
	=	0.03

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.

Neo-Concept International Group Holdings Days Inventory Related Terms

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

Neo-Concept International Group Holdings (Neo-Concept International Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Neo-Concept International Group Holdings Ltd (NAS:NCI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

10th floor, Seaview Centre, No.139-141 Hoi Bun Road, Kwun Tong, Kowloon, HKG

Website

https://www.neo-ig.com

Neo-Concept International Group Holdings Ltd is a company whose a one-stop apparel solution services provider. They offer a full suite of services in the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management serving customers located in the European, and North American markets through Neo-Concept HK.

Neo-Concept International Group Holdings (Neo-Concept International Group Holdings) Headlines

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