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Kwoon Chung Bus Holdings (HKSE:00306) Days Inventory : 8.98 (As of Sep. 2023)


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What is Kwoon Chung Bus Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kwoon Chung Bus Holdings's Average Total Inventories for the six months ended in Sep. 2023 was HK$35 Mil. Kwoon Chung Bus Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$713 Mil. Hence, Kwoon Chung Bus Holdings's Days Inventory for the six months ended in Sep. 2023 was 8.98.

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

HKSE:00306' s Days Inventory Range Over the Past 10 Years
Min: 4.98   Med: 6.52   Max: 11.37
Current: 9.62

During the past 13 years, Kwoon Chung Bus Holdings's highest Days Inventory was 11.37. The lowest was 4.98. And the median was 6.52.

HKSE:00306's Days Inventory is ranked better than
55.7% of 781 companies
in the Transportation industry
Industry Median: 11.42 vs HKSE:00306: 9.62

Kwoon Chung Bus Holdings's Days Inventory declined from Sep. 2022 (10.49) to Sep. 2023 (8.98).

Inventory Turnover measures how fast the company turns over its inventory within a year. Kwoon Chung Bus Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 20.33.

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. Kwoon Chung Bus Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.04.


Kwoon Chung Bus Holdings Days Inventory Historical Data

The historical data trend for Kwoon Chung Bus 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.

Kwoon Chung Bus Holdings Days Inventory Chart

Kwoon Chung Bus Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.98 5.48 10.50 11.37 10.25

Kwoon Chung Bus Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 12.59 10.71 10.49 10.20 8.98

Competitive Comparison of Kwoon Chung Bus Holdings's Days Inventory

For the Railroads subindustry, Kwoon Chung Bus 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.


Kwoon Chung Bus Holdings's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Kwoon Chung Bus Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Kwoon Chung Bus Holdings's Days Inventory falls into.



Kwoon Chung Bus Holdings Days Inventory Calculation

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

Kwoon Chung Bus Holdings's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

Days Inventory (A: Mar. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2022 ) + Total Inventories (A: Mar. 2023 )) / count ) / Cost of Goods Sold (A: Mar. 2023 )*Days in Period
=( (35.184 + 34.061) / 2 ) / 1233.142*365
=34.6225 / 1233.142*365
=10.25

Kwoon Chung Bus Holdings's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

Days Inventory (Q: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (34.061 + 36.066) / 2 ) / 712.86*365 / 2
=35.0635 / 712.86*365 / 2
=8.98

* 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.


Kwoon Chung Bus Holdings  (HKSE:00306) 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.

Kwoon Chung Bus Holdings's Inventory Turnover for the six months ended in Sep. 2023 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.

Kwoon Chung Bus Holdings's Inventory to Revenue for the six months ended in Sep. 2023 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.


Kwoon Chung Bus Holdings Days Inventory Related Terms

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


Kwoon Chung Bus Holdings (HKSE:00306) Business Description

Traded in Other Exchanges
N/A
Address
8 Chong Fu Road, 3rd Floor, Chai Wan, Hong Kong, HKG
Kwoon Chung Bus Holdings Ltd is engaged in transportation businesses. The company's operating segment includes a Non-franchised Bus; Limousine; Franchised Bus and PLB; Mainland China Business and Others. It generates maximum revenue from the Non-franchised bus segment. The Non-franchised bus segment includes the provision of non-franchised bus hire services in Hong Kong, cross-boundary passenger transportation services (other than limousine hire services) between Hong Kong and Mainland China, and other related services.
Executives
Cathay International Corporation 2101 Beneficial owner
Basic Faith Company Limited 2101 Beneficial owner
Infinity Faith International Company Limited 2201 Interest of corporation controlled by you
Ng Lai Yee, Christina 2202 Interest of your spouse
Wong Leung Pak Matthew 2201 Interest of corporation controlled by you

Kwoon Chung Bus Holdings (HKSE:00306) Headlines

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