Magnificent Hotel Investments (HKSE:00201) Days Inventory : 1.07 (As of Jun. 2024)

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What is Magnificent Hotel Investments Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Magnificent Hotel Investments's Average Total Inventories for the six months ended in Jun. 2024 was HK$1.3 Mil. Magnificent Hotel Investments's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$224.2 Mil. Hence, Magnificent Hotel Investments's Days Inventory for the six months ended in Jun. 2024 was 1.07.

The historical rank and industry rank for Magnificent Hotel Investments's Days Inventory or its related term are showing as below:

HKSE:00201' s Days Inventory Range Over the Past 10 Years
Min: 1.08 Med: 1.31 Max: 1.87
Current: 1.32

During the past 13 years, Magnificent Hotel Investments's highest Days Inventory was 1.87. The lowest was 1.08. And the median was 1.31.

HKSE:00201's Days Inventory is ranked better than
94.21% of 673 companies
in the Travel & Leisure industry
Industry Median: 33.57 vs HKSE:00201: 1.32

Magnificent Hotel Investments's Days Inventory declined from Jun. 2023 (2.29) to Jun. 2024 (1.07).

Inventory Turnover measures how fast the company turns over its inventory within a year. Magnificent Hotel Investments's Inventory Turnover for the six months ended in Jun. 2024 was 171.31.

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. Magnificent Hotel Investments's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.01.

Magnificent Hotel Investments Days Inventory Historical Data

The historical data trend for Magnificent Hotel Investments'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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Magnificent Hotel Investments Days Inventory Chart

Magnificent Hotel Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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1.32

1.87

1.36

1.49

1.37

Magnificent Hotel Investments Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial															1.49	1.43	2.29	1.53	1.07

Competitive Comparison of Magnificent Hotel Investments's Days Inventory

For the Lodging subindustry, Magnificent Hotel Investments'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.

Magnificent Hotel Investments's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Magnificent Hotel Investments's Days Inventory distribution charts can be found below:

* The bar in red indicates where Magnificent Hotel Investments's Days Inventory falls into.

Magnificent Hotel Investments Days Inventory Calculation

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

Magnificent Hotel Investments's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1.133	+	1.418)	/	2 )	/	339.729	*	365
=	1.2755					/	339.729	*	365
=	1.37

Magnificent Hotel Investments's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (1.418	+	1.2)	/	2 )	/	224.247	*	365 / 2
=	1.309					/	224.247	*	365 / 2
=	1.07

Magnificent Hotel Investments (HKSE:00201) 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.

Magnificent Hotel Investments's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	224.247	/	1.309
	=	171.31

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.

Magnificent Hotel Investments's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.309	/	243.969
	=	0.01

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.

Magnificent Hotel Investments Days Inventory Related Terms

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

Magnificent Hotel Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Magnificent Hotel Investments Ltd (HKSE:00201) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

24-30 Ice House Street, 3rd Floor, Shun Ho Tower, Central, Hong Kong, HKG

Website

https://www.magnificenthotelinv.com

Magnificent Hotel Investments Ltd is an investment holding company. The firm manages its business into three segments, namely Hospitality services, Property investment, and Securities investment. It operates the Ramada Hotel, Best Western Plus Hotel, Best Western Hotel, Magnificent International Hotel, Best Western Causeway Bay, and Grand City Hotel. It derives the majority of its revenue from the Hospitality services segment. Its geographical segments are Hong Kong, China, and the United States.

Executives

Cheng Kai Man William	2201 Interest of corporation controlled by you
Magnificent Assets Holdings Limited	2201 Interest of corporation controlled by you
Alef United Holdings Limited	2401 A concert party to an agreement to buy shares
Credit Suisse Trust Limited	2201 Interest of corporation controlled by you
Hashim Majed Hashim A.	2201 Interest of corporation controlled by you
North Salomon Limited	2201 Interest of corporation controlled by you
Saray Capital Limited	2201 Interest of corporation controlled by you
Saray Value Fund Spc	2401 A concert party to an agreement to buy shares
Shobokshi Hussam Ali H.	2201 Interest of corporation controlled by you
Fmr Llc	2201 Interest of corporation controlled by you
Omnico Company Inc.	2201 Interest of corporation controlled by you
Shun Ho Holdings Limited	2201 Interest of corporation controlled by you
Shun Ho Property Investments Limited	2101 Beneficial owner
Trillion Resources Limited	2201 Interest of corporation controlled by you
Lee Pui Ling Liza	2202 Interest of your spouse

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