Fourace Industries Group Holdings (HKSE:01455) Days Inventory : 76.19 (As of Sep. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Fourace Industries Group Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Fourace Industries Group Holdings's Average Total Inventories for the six months ended in Sep. 2023 was HK$33.4 Mil. Fourace Industries Group Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$80.1 Mil. Hence, Fourace Industries Group Holdings's Days Inventory for the six months ended in Sep. 2023 was 76.19.

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

HKSE:01455' s Days Inventory Range Over the Past 10 Years
Min: 43.26 Med: 57.93 Max: 75.59
Current: 74.2

During the past 6 years, Fourace Industries Group Holdings's highest Days Inventory was 75.59. The lowest was 43.26. And the median was 57.93.

HKSE:01455's Days Inventory is ranked better than
56.28% of 1791 companies
in the Consumer Packaged Goods industry
Industry Median: 83.4 vs HKSE:01455: 74.20

Fourace Industries Group Holdings's Days Inventory increased from Sep. 2022 (55.75) to Sep. 2023 (76.19). It might indicate that Fourace Industries Group Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fourace Industries Group Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 2.40.

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. Fourace Industries Group Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.27.

Fourace Industries Group Holdings Days Inventory Historical Data

The historical data trend for Fourace Industries Group 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.

Fourace Industries Group Holdings Days Inventory Chart

Fourace Industries Group Holdings Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

Get a 7-Day Free Trial

63.38

52.48

43.26

50.10

65.82

Fourace Industries Group Holdings Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial						55.83	57.68	55.75	69.07	76.19

Competitive Comparison of Fourace Industries Group Holdings's Days Inventory

For the Household & Personal Products subindustry, Fourace Industries Group 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.

Fourace Industries Group Holdings's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fourace Industries Group Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Fourace Industries Group Holdings's Days Inventory falls into.

Fourace Industries Group Holdings Days Inventory Calculation

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

Fourace Industries Group 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
=	( (59.638	+	31.656)	/	2 )	/	253.15	*	365
=	45.647					/	253.15	*	365
=	65.82

Fourace Industries Group 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
=	( (31.656	+	35.227)	/	2 )	/	80.105	*	365 / 2
=	33.4415					/	80.105	*	365 / 2
=	76.19

Fourace Industries Group Holdings (HKSE:01455) 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.

Fourace Industries Group Holdings's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	80.105	/	33.4415
	=	2.40

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.

Fourace Industries Group Holdings's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	33.4415	/	125.661
	=	0.27

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.

Fourace Industries Group Holdings Days Inventory Related Terms

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

Fourace Industries Group Holdings (HKSE:01455) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fourace Industries Group Holdings Ltd (HKSE:01455) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit No. 1107, 8 Kwai Cheong Road, 11th Floor, Manhattan Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.fourace.com

Fourace Industries Group Holdings Ltd is engaged in the design, development, manufacturing, and trading of personal care and lifestyle electrical appliances on an ODM basis. The company's product portfolio offers a wide range of personal care electrical appliances, which can be broadly classified into three categories, namely, hair styling series, grooming series, and beauty care series. Geographically, the customers of the company are mainly international brand owners with products marketed mainly in the U.S., Japan, Europe, and Others. The company earns the majority of its revenue from Japan.

Executives

Ace Champion Inc.	2101 Beneficial owner
Chan Pan Pan	2202 Interest of your spouse
Forever Golden Inc.	2101 Beneficial owner
Li Shu Yeh	2201 Interest of corporation controlled by you
Loo Kin Kuen Stephen	2202 Interest of your spouse
Sit Hor Wan	2201 Interest of corporation controlled by you

Fourace Industries Group Holdings (HKSE:01455) Headlines

No Headlines