King International Investment (HKSE:00928) Days Inventory : 241.71 (As of Sep. 2023)

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What is King International Investment Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). King International Investment's Average Total Inventories for the six months ended in Sep. 2023 was HK$94.6 Mil. King International Investment's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$71.4 Mil. Hence, King International Investment's Days Inventory for the six months ended in Sep. 2023 was 241.71.

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

HKSE:00928' s Days Inventory Range Over the Past 10 Years
Min: 0.02 Med: 96.56 Max: 1021.46
Current: 102.51

During the past 13 years, King International Investment's highest Days Inventory was 1021.46. The lowest was 0.02. And the median was 96.56.

HKSE:00928's Days Inventory is ranked worse than
64.74% of 190 companies
in the Medical Diagnostics & Research industry
Industry Median: 66.175 vs HKSE:00928: 102.51

King International Investment's Days Inventory increased from Sep. 2022 (63.39) to Sep. 2023 (241.71). It might indicate that King International Investment's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. King International Investment's Inventory Turnover for the six months ended in Sep. 2023 was 0.76.

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. King International Investment's Inventory-to-Revenue for the six months ended in Sep. 2023 was 1.13.

King International Investment Days Inventory Historical Data

The historical data trend for King International Investment'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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King International Investment Days Inventory Chart

King International Investment Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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59.48

6.58

134.15

125.00

0.02

King International Investment 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															62.85	3.94	63.39	40.56	241.71

Competitive Comparison of King International Investment's Days Inventory

For the Diagnostics & Research subindustry, King International Investment'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.

King International Investment's Days Inventory Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, King International Investment's Days Inventory distribution charts can be found below:

* The bar in red indicates where King International Investment's Days Inventory falls into.

King International Investment Days Inventory Calculation

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

King International Investment'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
=	( (0.01	+	0)	/	1 )	/	211.804	*	365
=	0.01					/	211.804	*	365
=	0.02

King International Investment'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
=	( (0	+	94.572)	/	1 )	/	71.405	*	365 / 2
=	94.572					/	71.405	*	365 / 2
=	241.71

King International Investment (HKSE:00928) 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.

King International Investment's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	71.405	/	94.572
	=	0.76

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.

King International Investment's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	94.572	/	83.427
	=	1.13

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.

King International Investment Days Inventory Related Terms

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

King International Investment (HKSE:00928) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » King International Investment Ltd (HKSE:00928) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Harbour Road, Room 6307-08, 63rd Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

https://www.lifehealthcare.com

King International Investment Ltd formerly Life Healthcare Group Ltd is an investment holding company. The company's operating segment includes the Healthcare products and services business and Money lending business. It generates maximum revenue from the Healthcare products and services business segment. Geographically, it derives a majority of revenue from PRC. The group is primarily a provider of genetic testing and health data analysis services.

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