Chongqing Hongjiu Fruit Co (HKSE:06689) Days Inventory : 5.93 (As of Jun. 2023)

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What is Chongqing Hongjiu Fruit Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Chongqing Hongjiu Fruit Co's Average Total Inventories for the six months ended in Jun. 2023 was HK$257 Mil. Chongqing Hongjiu Fruit Co's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$7,902 Mil. Hence, Chongqing Hongjiu Fruit Co's Days Inventory for the six months ended in Jun. 2023 was 5.93.

The historical rank and industry rank for Chongqing Hongjiu Fruit Co's Days Inventory or its related term are showing as below:

HKSE:06689' s Days Inventory Range Over the Past 10 Years
Min: 6.07 Med: 7.61 Max: 15.66
Current: 6.07

During the past 4 years, Chongqing Hongjiu Fruit Co's highest Days Inventory was 15.66. The lowest was 6.07. And the median was 7.61.

HKSE:06689's Days Inventory is ranked better than
97.03% of 303 companies
in the Retail - Defensive industry
Industry Median: 36.41 vs HKSE:06689: 6.07

Chongqing Hongjiu Fruit Co's Days Inventory declined from Jun. 2022 (7.11) to Jun. 2023 (5.93).

Inventory Turnover measures how fast the company turns over its inventory within a year. Chongqing Hongjiu Fruit Co's Inventory Turnover for the six months ended in Jun. 2023 was 30.78.

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. Chongqing Hongjiu Fruit Co's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.03.

Chongqing Hongjiu Fruit Co Days Inventory Historical Data

The historical data trend for Chongqing Hongjiu Fruit 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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Chongqing Hongjiu Fruit Co Days Inventory Chart

Chongqing Hongjiu Fruit Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Inventory

15.66

6.34

6.75

8.47

Chongqing Hongjiu Fruit Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial			3.89	10.00	7.11	7.65	5.93

Competitive Comparison of Chongqing Hongjiu Fruit Co's Days Inventory

For the Food Distribution subindustry, Chongqing Hongjiu Fruit 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.

Chongqing Hongjiu Fruit Co's Days Inventory Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Chongqing Hongjiu Fruit Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Chongqing Hongjiu Fruit Co's Days Inventory falls into.

Chongqing Hongjiu Fruit Co Days Inventory Calculation

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

Chongqing Hongjiu Fruit Co'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
=	( (275.018	+	373.264)	/	2 )	/	13964.143	*	365
=	324.141					/	13964.143	*	365
=	8.47

Chongqing Hongjiu Fruit Co'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
=	( (373.264	+	140.286)	/	2 )	/	7902.446	*	365 / 2
=	256.775					/	7902.446	*	365 / 2
=	5.93

Chongqing Hongjiu Fruit Co (HKSE:06689) 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.

Chongqing Hongjiu Fruit Co's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7902.446	/	256.775
	=	30.78

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.

Chongqing Hongjiu Fruit Co's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	256.775	/	9338.135
	=	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.

Chongqing Hongjiu Fruit Co Days Inventory Related Terms

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

Chongqing Hongjiu Fruit Co (HKSE:06689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Chongqing Hongjiu Fruit Co Ltd (HKSE:06689) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Donghu South Road, 22nd Floor, Block B, Zhongtiefenghui, Yubei District, Chongqing, CHN

Website

https://www.hjfruit.com

Chongqing Hongjiu Fruit Co Ltd is a fast-growing and multi-brand fruit company in China with an end-to-end supply chain. It focuses on managing the entire supply chain for quality fruits primarily grown in China, Thailand and Vietnam.

Chongqing Hongjiu Fruit Co (HKSE:06689) Headlines

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