Topsports International Holdings (HKSE:06110) Days Inventory : 150.08 (As of Aug. 2023)

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What is Topsports International Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Topsports International Holdings's Average Total Inventories for the six months ended in Aug. 2023 was HK$6,957 Mil. Topsports International Holdings's Cost of Goods Sold for the six months ended in Aug. 2023 was HK$8,460 Mil. Hence, Topsports International Holdings's Days Inventory for the six months ended in Aug. 2023 was 150.08.

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

HKSE:06110' s Days Inventory Range Over the Past 10 Years
Min: 98.91 Med: 122.43 Max: 155.01
Current: 141.39

During the past 7 years, Topsports International Holdings's highest Days Inventory was 155.01. The lowest was 98.91. And the median was 122.43.

HKSE:06110's Days Inventory is ranked worse than
61.24% of 1068 companies
in the Retail - Cyclical industry
Industry Median: 110.545 vs HKSE:06110: 141.39

Topsports International Holdings's Days Inventory declined from Aug. 2022 (171.76) to Aug. 2023 (150.08).

Inventory Turnover measures how fast the company turns over its inventory within a year. Topsports International Holdings's Inventory Turnover for the six months ended in Aug. 2023 was 1.22.

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. Topsports International Holdings's Inventory-to-Revenue for the six months ended in Aug. 2023 was 0.45.

Topsports International Holdings Days Inventory Historical Data

The historical data trend for Topsports International 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.

Topsports International Holdings Days Inventory Chart

Topsports International Holdings Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Inventory

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106.33

122.43

105.83

128.89

155.01

Topsports International Holdings Semi-Annual Data
	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Days Inventory	Get a 7-Day Free Trial								146.46	137.75	171.76	134.57	150.08

Competitive Comparison of Topsports International Holdings's Days Inventory

For the Apparel Retail subindustry, Topsports International 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.

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

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

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

Topsports International Holdings Days Inventory Calculation

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

Topsports International Holdings's Days Inventory for the fiscal year that ended in Feb. 2023 is calculated as

	Days Inventory (A: Feb. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (8220.413	+	7169.229)	/	2 )	/	18119.021	*	365
=	7694.821					/	18119.021	*	365
=	155.01

Topsports International Holdings's Days Inventory for the quarter that ended in Aug. 2023 is calculated as:

	Days Inventory (Q: Aug. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Feb. 2023 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (7169.229	+	6745.198)	/	2 )	/	8460.191	*	365 / 2
=	6957.2135					/	8460.191	*	365 / 2
=	150.08

Topsports International Holdings (HKSE:06110) 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.

Topsports International Holdings's Inventory Turnover for the six months ended in Aug. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8460.191	/	6957.2135
	=	1.22

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.

Topsports International Holdings's Inventory to Revenue for the six months ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6957.2135	/	15306.341
	=	0.45

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.

Topsports International Holdings Days Inventory Related Terms

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

Topsports International Holdings (HKSE:06110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Topsports International Holdings Ltd (HKSE:06110) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TPSRF:USA 6110:Mexico

Address

No. 928 Liuzhou Road, 22nd Floor, Belle International Building, Xuhui District, Shanghai, CHN

Website

https://www.topsports.com.cn

Topsports is the largest sportswear retailer in China, generating the majority of its revenue from selling products of international sportswear brands. The business operates as an intermediary between brand owners and consumers seeking to buy sportswear. The firm operates more than 6,500 stores directly as of the end of fiscal 2023, and most of these "single-brand" stores have been opened under the names of sportswear brands that it partners with, such as Nike and Adidas. In addition to these two sportswear giants, Topsports also has partnerships with sportswear brands such as Puma, Li Ning, Asics, and The North Face. While most of Topsports' sales take place in stores, the firm also operates online shops under the Topsports brand on major e-commerce platforms such as Alibaba and JD.com.

Topsports International Holdings (HKSE:06110) Headlines

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