Kingston Financial Group (Kingston Financial Group) Days Inventory : 2.18 (As of Sep. 2022)

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What is Kingston Financial Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kingston Financial Group's Average Total Inventories for the six months ended in Sep. 2022 was $0.2 Mil. Kingston Financial Group's Cost of Goods Sold for the six months ended in Sep. 2022 was $18.6 Mil. Hence, Kingston Financial Group's Days Inventory for the six months ended in Sep. 2022 was 2.18.

The historical rank and industry rank for Kingston Financial Group's Days Inventory or its related term are showing as below:

KNGTF's Days Inventory is not ranked ^*
in the Capital Markets industry.
Industry Median: 58.365
* Ranked among companies with meaningful Days Inventory only.

Kingston Financial Group's Days Inventory increased from Sep. 2021 (1.75) to Sep. 2022 (2.18). It might indicate that Kingston Financial Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kingston Financial Group's Inventory Turnover for the six months ended in Sep. 2022 was 83.78.

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. Kingston Financial Group's Inventory-to-Revenue for the six months ended in Sep. 2022 was 0.00.

Kingston Financial Group Days Inventory Historical Data

The historical data trend for Kingston Financial Group'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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Kingston Financial Group Days Inventory Chart

Kingston Financial Group Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Days Inventory

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1.25

1.26

1.33

1.94

1.78

Kingston Financial Group Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
Days Inventory	Get a 7-Day Free Trial															1.93	1.93	1.75	1.65	2.18

Competitive Comparison of Kingston Financial Group's Days Inventory

For the Capital Markets subindustry, Kingston Financial Group'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.

Kingston Financial Group's Days Inventory Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Kingston Financial Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Kingston Financial Group's Days Inventory falls into.

Kingston Financial Group Days Inventory Calculation

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

Kingston Financial Group's Days Inventory for the fiscal year that ended in Mar. 2022 is calculated as

	Days Inventory (A: Mar. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2021 )	+	Total Inventories (A: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2022 )	*	Days in Period
=	( (0.265	+	0.225)	/	2 )	/	50.191	*	365
=	0.245					/	50.191	*	365
=	1.78

Kingston Financial Group's Days Inventory for the quarter that ended in Sep. 2022 is calculated as:

	Days Inventory (Q: Sep. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
=	( (0.225	+	0.22)	/	2 )	/	18.64	*	365 / 2
=	0.2225					/	18.64	*	365 / 2
=	2.18

Kingston Financial Group (GREY:KNGTF) 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.

Kingston Financial Group's Inventory Turnover for the six months ended in Sep. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	18.64	/	0.2225
	=	83.78

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.

Kingston Financial Group's Inventory to Revenue for the six months ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.2225	/	119.784
	=	0.00

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.

Kingston Financial Group Days Inventory Related Terms

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

Kingston Financial Group (Kingston Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Kingston Financial Group Ltd (GREY:KNGTF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 Queen’s Road Central, 72th Floor, Central, Hong Kong, HKG

Website

https://www.kingston.com.hk

Kingston Financial Group Ltd is a financial services company operating primarily in Hong Kong and Macau. It provides a wide range of solutions, including securities brokerages, underwriting, and placements, margin and initial public offering financing, corporate finance advisory services, futures brokerages, and asset management services. The Group also provides gaming and hospitality services in Macau. Business activities for the group include undertaking the origination, structuring, and marketing of placements of equity and debt securities. Most of the company's diverse revenue mix comes increasingly from margin and IPO financing and secondarily from its security brokerage, underwriting, and placements segment.

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