Kin Yat Holdings (HKSE:00638) Days Inventory : 174.90 (As of Sep. 2023)

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What is Kin Yat Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kin Yat Holdings's Average Total Inventories for the six months ended in Sep. 2023 was HK$458 Mil. Kin Yat Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$477 Mil. Hence, Kin Yat Holdings's Days Inventory for the six months ended in Sep. 2023 was 174.90.

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

HKSE:00638' s Days Inventory Range Over the Past 10 Years
Min: 69.72 Med: 87.42 Max: 236.87
Current: 236.87

During the past 13 years, Kin Yat Holdings's highest Days Inventory was 236.87. The lowest was 69.72. And the median was 87.42.

HKSE:00638's Days Inventory is ranked worse than
85.63% of 2408 companies
in the Hardware industry
Industry Median: 102.52 vs HKSE:00638: 236.87

Kin Yat Holdings's Days Inventory increased from Sep. 2022 (162.00) to Sep. 2023 (174.90). It might indicate that Kin Yat 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. Kin Yat Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 1.04.

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. Kin Yat Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.83.

Kin Yat Holdings Days Inventory Historical Data

The historical data trend for Kin Yat 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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Kin Yat Holdings Days Inventory Chart

Kin Yat Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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86.56

119.71

118.80

146.77

223.26

Kin Yat 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															129.43	179.09	162.00	335.92	174.90

Competitive Comparison of Kin Yat Holdings's Days Inventory

For the Consumer Electronics subindustry, Kin Yat 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.

Kin Yat Holdings's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kin Yat Holdings's Days Inventory distribution charts can be found below:

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

Kin Yat Holdings Days Inventory Calculation

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

Kin Yat 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
=	( (842.738	+	482.091)	/	2 )	/	1082.937	*	365
=	662.4145					/	1082.937	*	365
=	223.26

Kin Yat 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
=	( (482.091	+	433.066)	/	2 )	/	477.455	*	365 / 2
=	457.5785					/	477.455	*	365 / 2
=	174.90

Kin Yat Holdings (HKSE:00638) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	477.455	/	457.5785
	=	1.04

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	457.5785	/	552.266
	=	0.83

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.

Kin Yat Holdings Days Inventory Related Terms

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

Kin Yat Holdings (HKSE:00638) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kin Yat Holdings Ltd (HKSE:00638) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

25 - 27 Luk Hop Street, 7th Floor, Galaxy Factory Building, San Po Kong, Kowloon, Hong Kong, HKG

Website

http://www.kinyat.com.hk

Kin Yat Holdings Ltd is engaged in the design, manufacture, and sale of electrical and electronic products, motors, glass technology and application, and real estate development. Its segment includes the Electrical and Electronic products segment consists of the manufacture and sale of AI robotics, IoT and smart home products, electronic entertainment products, and other related products; the Motors segment consists of the development, design, manufacture, and sale of electric motor drives and related products and encoder film; the Real Estate development segment. The majority of the revenue is derived from the Motors segment.

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