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Frontage Holdings (HKSE:01521) Days Inventory : 6.27 (As of Dec. 2023)


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What is Frontage Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Frontage Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$25 Mil. Frontage Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$719 Mil. Hence, Frontage Holdings's Days Inventory for the six months ended in Dec. 2023 was 6.27.

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

HKSE:01521' s Days Inventory Range Over the Past 10 Years
Min: 0.54   Med: 2.26   Max: 6.36
Current: 6.36

During the past 8 years, Frontage Holdings's highest Days Inventory was 6.36. The lowest was 0.54. And the median was 2.26.

HKSE:01521's Days Inventory is ranked better than
97.86% of 653 companies
in the Biotechnology industry
Industry Median: 190.92 vs HKSE:01521: 6.36

Frontage Holdings's Days Inventory increased from Dec. 2022 (6.04) to Dec. 2023 (6.27). It might indicate that Frontage Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Frontage Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 29.10.

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. Frontage Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.02.


Frontage Holdings Days Inventory Historical Data

The historical data trend for Frontage 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.

Frontage Holdings Days Inventory Chart

Frontage Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 0.71 1.94 2.58 4.68 6.01

Frontage Holdings Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 2.63 4.22 6.04 6.82 6.27

Competitive Comparison of Frontage Holdings's Days Inventory

For the Biotechnology subindustry, Frontage 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.


Frontage Holdings's Days Inventory Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Frontage Holdings's Days Inventory distribution charts can be found below:

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



Frontage Holdings Days Inventory Calculation

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

Frontage 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
=( (24.796 + 21.875) / 2 ) / 1417.175*365
=23.3355 / 1417.175*365
=6.01

Frontage 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
=( (27.556 + 21.875) / 2 ) / 719.228*365 / 2
=24.7155 / 719.228*365 / 2
=6.27

* 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.


Frontage Holdings  (HKSE:01521) 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.

Frontage Holdings's Inventory Turnover for the six months ended in Dec. 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.

Frontage Holdings's Inventory to Revenue for the six months ended in Dec. 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.


Frontage Holdings Days Inventory Related Terms

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


Frontage Holdings (HKSE:01521) Business Description

Traded in Other Exchanges
Address
700 Pennsylvania Drive, Exton, PA, USA, 19341
Frontage Holdings Corp is a contract research organization providing integrated, scientifically driven research, analytical and development services. Geographically the group operates in both PRC and North America. The services provided in the North American segment, include Bioanalytical, CMC, DMPK and Safety and Toxicology services in the USA and Canada. The service offered in PRC includes Bioanalytical, Bioequivalence and CMC services in the PRC. Further, it also provides bioanalytical services, which are offered throughout the drug discovery and development process both in the United States and China.

Frontage Holdings (HKSE:01521) Headlines

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