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Wong's Kong King International (Holdings) (HKSE:00532) Days Inventory : 123.43 (As of Dec. 2023)


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What is Wong's Kong King International (Holdings) Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Wong's Kong King International (Holdings)'s Average Total Inventories for the six months ended in Dec. 2023 was HK$875 Mil. Wong's Kong King International (Holdings)'s Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,294 Mil. Hence, Wong's Kong King International (Holdings)'s Days Inventory for the six months ended in Dec. 2023 was 123.43.

The historical rank and industry rank for Wong's Kong King International (Holdings)'s Days Inventory or its related term are showing as below:

HKSE:00532' s Days Inventory Range Over the Past 10 Years
Min: 57.04   Med: 68.96   Max: 122.47
Current: 119.51

During the past 13 years, Wong's Kong King International (Holdings)'s highest Days Inventory was 122.47. The lowest was 57.04. And the median was 68.96.

HKSE:00532's Days Inventory is ranked worse than
58.44% of 2411 companies
in the Hardware industry
Industry Median: 101.84 vs HKSE:00532: 119.51

Wong's Kong King International (Holdings)'s Days Inventory increased from Dec. 2022 (118.52) to Dec. 2023 (123.43). It might indicate that Wong's Kong King International (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. Wong's Kong King International (Holdings)'s Inventory Turnover for the six months ended in Dec. 2023 was 1.48.

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. Wong's Kong King International (Holdings)'s Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.51.


Wong's Kong King International (Holdings) Days Inventory Historical Data

The historical data trend for Wong's Kong King International (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.

Wong's Kong King International (Holdings) Days Inventory Chart

Wong's Kong King International (Holdings) Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 78.96 71.88 64.85 99.45 122.47

Wong's Kong King International (Holdings) Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 68.75 99.48 118.52 113.51 123.43

Competitive Comparison of Wong's Kong King International (Holdings)'s Days Inventory

For the Electronic Components subindustry, Wong's Kong King International (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.


Wong's Kong King International (Holdings)'s Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Wong's Kong King International (Holdings)'s Days Inventory distribution charts can be found below:

* The bar in red indicates where Wong's Kong King International (Holdings)'s Days Inventory falls into.



Wong's Kong King International (Holdings) Days Inventory Calculation

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

Wong's Kong King International (Holdings)'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
=( (1035.848 + 867.591) / 2 ) / 2836.44*365
=951.7195 / 2836.44*365
=122.47

Wong's Kong King International (Holdings)'s Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (882.815 + 867.591) / 2 ) / 1294.075*365 / 2
=875.203 / 1294.075*365 / 2
=123.43

* 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.


Wong's Kong King International (Holdings)  (HKSE:00532) 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.

Wong's Kong King International (Holdings)'s Inventory Turnover for the six months ended in Dec. 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.

Wong's Kong King International (Holdings)'s Inventory to Revenue for the six months ended in Dec. 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.


Wong's Kong King International (Holdings) Days Inventory Related Terms

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


Wong's Kong King International (Holdings) (HKSE:00532) Business Description

Traded in Other Exchanges
N/A
Address
No. 8 Lam Chak Street, 17th Floor, Harbourside HQ, Kowloon Bay, Hong Kong, HKG
Wong's Kong King International (Holdings) Ltd is an investment holding company. It operates in two segments Trading and Manufacturing. The trading segment is engaged in the trading and distribution of chemicals, materials, and equipment used in the manufacturing of printed circuit boards and electronic products. Its Manufacturing segment is engaged in the manufacturing of electrical and electronic products for original equipment manufacturers. The company derives the majority of its revenue from the Trading segment. Geographically, it generates maximum revenue from Hong Kong, Mainland China, and Taiwan and also has a presence in North America and Europe.
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