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High Fashion International (HKSE:00608) Days Inventory : 72.95 (As of Dec. 2023)


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What is High Fashion International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). High Fashion International's Average Total Inventories for the six months ended in Dec. 2023 was HK$536 Mil. High Fashion International's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,341 Mil. Hence, High Fashion International's Days Inventory for the six months ended in Dec. 2023 was 72.95.

The historical rank and industry rank for High Fashion International's Days Inventory or its related term are showing as below:

HKSE:00608' s Days Inventory Range Over the Past 10 Years
Min: 74.3   Med: 96.94   Max: 110.98
Current: 74.63

During the past 13 years, High Fashion International's highest Days Inventory was 110.98. The lowest was 74.30. And the median was 96.94.

HKSE:00608's Days Inventory is ranked better than
75.49% of 1012 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.41 vs HKSE:00608: 74.63

High Fashion International's Days Inventory increased from Dec. 2022 (72.05) to Dec. 2023 (72.95). It might indicate that High Fashion International's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. High Fashion International's Inventory Turnover for the six months ended in Dec. 2023 was 2.50.

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. High Fashion International's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.32.


High Fashion International Days Inventory Historical Data

The historical data trend for High Fashion International'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.

High Fashion International Days Inventory Chart

High Fashion International 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 97.68 98.96 77.19 74.30 78.65

High Fashion International 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 67.90 72.54 72.05 72.27 72.95

Competitive Comparison of High Fashion International's Days Inventory

For the Apparel Manufacturing subindustry, High Fashion International'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.


High Fashion International's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, High Fashion International's Days Inventory distribution charts can be found below:

* The bar in red indicates where High Fashion International's Days Inventory falls into.



High Fashion International Days Inventory Calculation

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

High Fashion International'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
=( (531.897 + 594.894) / 2 ) / 2614.729*365
=563.3955 / 2614.729*365
=78.65

High Fashion International'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
=( (477.013 + 594.894) / 2 ) / 1340.887*365 / 2
=535.9535 / 1340.887*365 / 2
=72.95

* 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.


High Fashion International  (HKSE:00608) 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.

High Fashion International'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.

High Fashion International'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.


High Fashion International Days Inventory Related Terms

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


High Fashion International (HKSE:00608) Business Description

Traded in Other Exchanges
N/A
Address
1-11 Kwai Hei Street, Kwai Chung, 11th Floor, High Fashion Centre, New Territories, Hong Kong, HKG
High Fashion International Ltd is an investment holding company. It is engaged in the manufacture and trading of garments, as well as property investment and development.. The company's operating segments include the Manufacturing and trading of garments; and Property investment and development. The company operates in the United States, Greater China, Europe, and Other countries. It generates majority of the revenue from China.

High Fashion International (HKSE:00608) Headlines

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