Goldfine Manufacturers (BKK:GFM-R) Days Inventory: 113.93 (As of Sep. 2014) — 23% Above Median


What is Goldfine Manufacturers Days Inventory?

Goldfine Manufacturers BKK:GFM-R Days Inventory is 113.93 as of Sep. 2014, which is 23% above its 10-year median of 92.73. The stock has 3 warning signs investors should review.

Days Inventory is also known as Days Sales of Inventory (DSI). Goldfine Manufacturers's Average Total Inventories for the three months ended in Sep. 2014 was ฿285.98 Mil. Goldfine Manufacturers's Cost of Goods Sold for the three months ended in Sep. 2014 was ฿229.04 Mil. Hence, Goldfine Manufacturers's Days Inventory for the three months ended in Sep. 2014 was 113.93.

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

BKK:GFM-R' s Days Inventory Range Over the Past 10 Years
Min: 70.7   Med: 92.73   Max: 121.95
Current: 109.99

During the past 9 years, Goldfine Manufacturers's highest Days Inventory was 121.95. The lowest was 70.70. And the median was 92.73.

BKK:GFM-R's Days Inventory is not ranked
in the Retail - Cyclical industry.
Industry Median: 104.83 vs BKK:GFM-R: 109.99

Goldfine Manufacturers's Days Inventory increased from Sep. 2013 (101.99) to Sep. 2014 (113.93). It might indicate that Goldfine Manufacturers's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Goldfine Manufacturers's Inventory Turnover for the three months ended in Sep. 2014 was 0.80.

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. Goldfine Manufacturers's Inventory-to-Revenue for the three months ended in Sep. 2014 was 0.96.


Goldfine Manufacturers  (BKK:GFM-R) 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.

Goldfine Manufacturers's Inventory Turnover for the three months ended in Sep. 2014 is calculated as

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.

Goldfine Manufacturers's Inventory to Revenue for the three months ended in Sep. 2014 is calculated as

* 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.


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.


Goldfine Manufacturers Days Inventory Related Terms


Goldfine Manufacturers Days Inventory Historical Data

* Premium members only.

The historical data trend for Goldfine Manufacturers'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.

Goldfine Manufacturers Days Inventory Chart

Goldfine Manufacturers Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Days Inventory
Get a 7-Day Free Trial Premium Member Only 110.12 93.43 92.02 121.95 107.03

Goldfine Manufacturers Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 101.99 99.29 111.24 111.47 113.93

Goldfine Manufacturers Days Inventory Competitor Comparison

For the Luxury Goods subindustry, Goldfine Manufacturers'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.


Goldfine Manufacturers Days Inventory vs Retail - Cyclical Industry

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

* The bar in red indicates where Goldfine Manufacturers's Days Inventory falls into.



Goldfine Manufacturers Days Inventory Calculation

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

Goldfine Manufacturers's Days Inventory for the fiscal year that ended in Dec. 2013 is calculated as

Days Inventory (A: Dec. 2013 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2012 ) + Total Inventories (A: Dec. 2013 )) / count ) / Cost of Goods Sold (A: Dec. 2013 )*Days in Period
=( (281.537 + 254.447) / 2 ) / 913.957*365
=267.992 / 913.957*365
=107.03

Goldfine Manufacturers's Days Inventory for the quarter that ended in Sep. 2014 is calculated as:

Days Inventory (Q: Sep. 2014 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2014 ) + Total Inventories (Q: Sep. 2014 )) / count ) / Cost of Goods Sold (Q: Sep. 2014 )*Days in Period
=( (273.877 + 298.078) / 2 ) / 229.04*365 / 4
=285.9775 / 229.04*365 / 4
=113.93

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 113.93 mean?
Goldfine Manufacturers (BKK:GFM-R) has a Days Inventory of 113.93 as of Sep. 2014. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Goldfine Manufacturers and its competitors. This is 23% above median its historical median of 92.73. Over the past decade, Goldfine Manufacturers' Days Inventory has ranged from 70.70 to 121.95.
Is Goldfine Manufacturers' Days Inventory too high?
Goldfine Manufacturers' current Days Inventory of 113.93 is 23% above median its 10-year median of 92.73. Over the past 10 years, this metric has ranged from a low of 70.70 to a high of 121.95. The Retail - Cyclical industry median Days Inventory is 104.83. Goldfine Manufacturers' value of 113.93 is 8.7% above this industry median.
How does Goldfine Manufacturers' Days Inventory compare to competitors?
Goldfine Manufacturers' Days Inventory of 113.93 can be compared against companies in the Retail - Cyclical industry. The industry median Days Inventory is 104.83. Goldfine Manufacturers' value of 113.93 is 8.7% above this benchmark. Historically, Goldfine Manufacturers' own Days Inventory has ranged from 70.70 to 121.95 over the past decade. While the company's 10-year median is 92.73 vs. the industry median of 104.83, Goldfine Manufacturers has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Retail - Cyclical company?
The median Days Inventory among Retail - Cyclical companies is 104.83, based on 1,091 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Goldfine Manufacturers's current Days Inventory of 113.93 is 8.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Goldfine Manufacturers and its competitors. For the Retail - Cyclical industry, the median Days Inventory is 104.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goldfine Manufacturers's current Days Inventory is 113.93, which is 23% above median its own 10-year median of 92.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goldfine Manufacturers stock overvalued right now?
Goldfine Manufacturers (BKK:GFM-R) has a current Days Inventory of 113.93. The current Days Inventory is 113.93, which is 23% above median its 10-year median of 92.73 and 8.7% above the Retail - Cyclical industry median of 104.83. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Goldfine Manufacturers (BKK:GFM-R), the current Days Inventory is 113.93 as of Sep. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Goldfine Manufacturers Business Description

Goldfine Manufacturers Public Company Limited was incorporated on 26 September 1989 in Thailand. The Company is a manufacturer, importer and exporter of ornaments and jewelries. It manufactures and exports gold, silver, platinum jewelry sets with diamonds, precious stones, semi-precious stones and others.