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Quali-Smart Holdings (HKSE:01348) Days Inventory : 61.24 (As of Sep. 2023)


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What is Quali-Smart Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Quali-Smart Holdings's Average Total Inventories for the six months ended in Sep. 2023 was HK$35.8 Mil. Quali-Smart Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$106.8 Mil. Hence, Quali-Smart Holdings's Days Inventory for the six months ended in Sep. 2023 was 61.24.

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

HKSE:01348' s Days Inventory Range Over the Past 10 Years
Min: 51.07   Med: 70.16   Max: 85.2
Current: 85.2

During the past 12 years, Quali-Smart Holdings's highest Days Inventory was 85.20. The lowest was 51.07. And the median was 70.16.

HKSE:01348's Days Inventory is ranked worse than
66.47% of 671 companies
in the Travel & Leisure industry
Industry Median: 36.02 vs HKSE:01348: 85.20

Quali-Smart Holdings's Days Inventory declined from Sep. 2022 (64.85) to Sep. 2023 (61.24).

Inventory Turnover measures how fast the company turns over its inventory within a year. Quali-Smart Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 2.98.

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. Quali-Smart Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.28.


Quali-Smart Holdings Days Inventory Historical Data

The historical data trend for Quali-Smart 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.

Quali-Smart Holdings Days Inventory Chart

Quali-Smart Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 60.28 81.01 68.74 77.69 82.72

Quali-Smart 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 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 75.90 94.84 64.85 120.37 61.24

Competitive Comparison of Quali-Smart Holdings's Days Inventory

For the Leisure subindustry, Quali-Smart 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.


Quali-Smart Holdings's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Quali-Smart Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Quali-Smart Holdings's Days Inventory falls into.



Quali-Smart Holdings Days Inventory Calculation

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

Quali-Smart 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
=( (82.829 + 51.727) / 2 ) / 296.867*365
=67.278 / 296.867*365
=82.72

Quali-Smart 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
=( (51.727 + 19.952) / 2 ) / 106.806*365 / 2
=35.8395 / 106.806*365 / 2
=61.24

* 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.


Quali-Smart Holdings  (HKSE:01348) 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.

Quali-Smart Holdings's Inventory Turnover for the six months ended in Sep. 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.

Quali-Smart Holdings's Inventory to Revenue for the six months ended in Sep. 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.


Quali-Smart Holdings Days Inventory Related Terms

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


Quali-Smart Holdings (HKSE:01348) Business Description

Traded in Other Exchanges
N/A
Address
No. 3 Hoi Shing Road, Tsuen Wan, Workshop C, 19th Floor, TML Tower, New Territories, Hong Kong, HKG
Quali-Smart Holdings Ltd is an investment holding company. The company's operating segment includes Manufacturing and sales of toys and Financial Services. It generates maximum revenue from the Manufacturing and sales of toys segment. The Financial Services segment includes securities brokerage, underwriting, securities margin financing, investment advisory, corporate finance, and asset management services. Geographically, it derives a majority of its revenue from North America which includes the United States of America and Canada, and also has a presence in the United Kingdom; France; PRC, and Taiwan; Central America, Caribbean, and Mexico; Australia, New Zealand, and Pacific Islands and other countries.
Executives
Benefit Global Limited 2101 Beneficial owner
Blackpine Private Equity Partners G.p. Limited 2201 Interest of corporation controlled by you
Clearfield Global Limited 2201 Interest of corporation controlled by you
Chu Lawrence Sheng Yu 2201 Interest of corporation controlled by you
Li Man Yee Stella 2101 Beneficial owner
Lau Ho Ming Peter 2101 Beneficial owner
Smart Investor Holdings Limited 2101 Beneficial owner
Zhongtai Securities Company Limited
Zhong Tai Jin Rong Guo Ji You Xian Gong Si 2101 Beneficial owner
Shan Dong Gang Tie Ji Tuan You Xian Gong Si
Lai Wu Gang Tie Ji Tuan You Xian Gong Si

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