Arts Optical International Holdings (HKSE:01120) Days Inventory : 67.47 (As of Dec. 2023)

View and export this data going back to 1996. Start your Free Trial

What is Arts Optical International Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Arts Optical International Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$159 Mil. Arts Optical International Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$430 Mil. Hence, Arts Optical International Holdings's Days Inventory for the six months ended in Dec. 2023 was 67.47.

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

HKSE:01120' s Days Inventory Range Over the Past 10 Years
Min: 59.11 Med: 66.81 Max: 85.05
Current: 66.03

During the past 13 years, Arts Optical International Holdings's highest Days Inventory was 85.05. The lowest was 59.11. And the median was 66.81.

HKSE:01120's Days Inventory is ranked better than
92.68% of 779 companies
in the Medical Devices & Instruments industry
Industry Median: 193.31 vs HKSE:01120: 66.03

Arts Optical International Holdings's Days Inventory increased from Dec. 2022 (62.31) to Dec. 2023 (67.47). It might indicate that Arts Optical International Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Arts Optical International Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 2.71.

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. Arts Optical International Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.25.

Arts Optical International Holdings Days Inventory Historical Data

The historical data trend for Arts Optical 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.

Arts Optical International Holdings Days Inventory Chart

Arts Optical International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

68.61

85.05

66.25

67.85

68.83

Arts Optical 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															63.12	71.95	62.31	61.53	67.47

Competitive Comparison of Arts Optical International Holdings's Days Inventory

For the Medical Instruments & Supplies subindustry, Arts Optical 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.

Arts Optical International Holdings's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Arts Optical International Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Arts Optical International Holdings's Days Inventory falls into.

Arts Optical International Holdings Days Inventory Calculation

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

Arts Optical 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
=	( (129.898	+	181.374)	/	2 )	/	825.32	*	365
=	155.636					/	825.32	*	365
=	68.83

Arts Optical 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
=	( (136.616	+	181.374)	/	2 )	/	430.093	*	365 / 2
=	158.995					/	430.093	*	365 / 2
=	67.47

Arts Optical International Holdings (HKSE:01120) 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.

Arts Optical International Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	430.093	/	158.995
	=	2.71

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.

Arts Optical International Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	158.995	/	629.855
	=	0.25

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.

Arts Optical International Holdings Days Inventory Related Terms

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

Arts Optical International Holdings (HKSE:01120) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Arts Optical International Holdings Ltd (HKSE:01120) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 King Yip Street, King Palace Plaza, Units A to G, 32nd Floor, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.artsgroup.com

Arts Optical International Holdings Ltd is an investment holding company. Through its subsidiaries, it is engaged in the manufacturing and trading of prescription frames, sunglasses and optical lens as well as property holding. It operates in three divisions: Original design manufacturing, Distribution. and Lens division. The group is organized into four segments, which are sales of optical products to customers located in Europe, the United States, Asia, and other regions, of which the majority of the revenue is generated from Europe.

Executives

Ng Hoi Ying, Michael	2202 Interest of your spouse
Wu Zhihong	2101 Beneficial owner
Ng Kim Ying
Webb David Michael	2201 Interest of corporation controlled by you
Fmr Llc	2201 Interest of corporation controlled by you
Ratagan International Company Limited	2101 Beneficial owner
Hsbc International Trustee Limited	2301 Trustee

Arts Optical International Holdings (HKSE:01120) Headlines

No Headlines