Culturecom Holdings (HKSE:00343) Days Inventory : 1,767.71 (As of Sep. 2023)

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What is Culturecom Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Culturecom Holdings's Average Total Inventories for the six months ended in Sep. 2023 was HK$34.38 Mil. Culturecom Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$3.55 Mil. Hence, Culturecom Holdings's Days Inventory for the six months ended in Sep. 2023 was 1,767.71.

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

HKSE:00343' s Days Inventory Range Over the Past 10 Years
Min: 77.51 Med: 738.2 Max: 2459.38
Current: 1252.02

During the past 13 years, Culturecom Holdings's highest Days Inventory was 2459.38. The lowest was 77.51. And the median was 738.20.

HKSE:00343's Days Inventory is ranked worse than
98.02% of 657 companies
in the Media - Diversified industry
Industry Median: 26.06 vs HKSE:00343: 1252.02

Culturecom Holdings's Days Inventory increased from Sep. 2022 (684.81) to Sep. 2023 (1,767.71). It might indicate that Culturecom Holdings's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Culturecom Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 0.10.

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. Culturecom Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 3.67.

Culturecom Holdings Days Inventory Historical Data

The historical data trend for Culturecom 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.

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Culturecom Holdings Days Inventory Chart

Culturecom Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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2,106.19

100.46

77.51

320.26

794.14

Culturecom 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															201.20	784.57	684.81	968.48	1,767.71

Competitive Comparison of Culturecom Holdings's Days Inventory

For the Advertising Agencies subindustry, Culturecom 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.

Culturecom Holdings's Days Inventory Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Culturecom Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Culturecom Holdings's Days Inventory falls into.

Culturecom Holdings Days Inventory Calculation

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

Culturecom 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
=	( (35.63	+	34.359)	/	2 )	/	16.084	*	365
=	34.9945					/	16.084	*	365
=	794.14

Culturecom 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
=	( (34.359	+	34.393)	/	2 )	/	3.549	*	365 / 2
=	34.376					/	3.549	*	365 / 2
=	1,767.71

Culturecom Holdings (HKSE:00343) 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.

Culturecom Holdings's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.549	/	34.376
	=	0.10

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.

Culturecom Holdings's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	34.376	/	9.355
	=	3.67

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.

Culturecom Holdings Days Inventory Related Terms

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

Culturecom Holdings (HKSE:00343) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Culturecom Holdings Ltd (HKSE:00343) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Harcourt Road, Suite 1502, 15th Floor, Far East Finance Centre, Admiralty, Hong Kong, HKG

Website

https://www.culturecom.com.hk

Culturecom Holdings Ltd is an investment holding company. The company's operating segment include Publishing and intellectual properties licensing; Digital Marketing; and Retailing and wholesales. Publishing segment covers the publication of comic books and royalty income from licensing intellectual properties of comic books. It generates maximum revenue from the Digital Marketing segment that provides digital marketing and communication, IP digitalisation and agency of IP services in the PRC. Geographically, it derives a majority of revenue from PRC and also has a presence in Hong Kong.

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