The historical rank and industry rank for COFCO Joycome Foods's Days Inventory or its related term are showing as below:
HKSE:01610'
s Days Inventory Range Over the Past 10 Years
Min: 80.06 Med: 99.1 Max: 141.48
Current: 110.45
During the past 11 years, COFCO Joycome Foods's highest Days Inventory was 141.48. The lowest was 80.06. And the median was 99.10.
HKSE:01610's Days Inventory is ranked worse than 65.27% of 1785
companies
in the Consumer Packaged Goods industry
Industry Median: 82.1
vs HKSE:01610: 110.45
COFCO Joycome Foods's Days Inventory
increased
from Dec. 2022 (86.58) to Dec. 2023 (94.88).
It might indicate that COFCO Joycome Foods's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
COFCO Joycome Foods's Inventory Turnover for the
six
months ended in Dec. 2023 was 1.92.
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.
COFCO Joycome Foods's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.46.
COFCO Joycome Foods Days Inventory Historical Data
The historical data trend for COFCO Joycome Foods'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.
Competitive Comparison of COFCO Joycome Foods's Days Inventory
For the Packaged Foods subindustry, COFCO Joycome Foods'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.
COFCO Joycome Foods's Days Inventory Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, COFCO Joycome Foods's Days Inventory distribution charts can be found below:
* The bar in red indicates where COFCO Joycome Foods's Days Inventory falls into.
COFCO Joycome Foods Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
COFCO Joycome Foods's Days Inventory for the fiscal year that 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.
COFCO Joycome Foods (HKSE:01610) 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.
COFCO Joycome Foods'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.
COFCO Joycome Foods'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.
COFCO Joycome Foods Days Inventory Related Terms
Thank you for viewing the detailed overview of COFCO Joycome Foods's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
COFCO Joycome Foods (HKSE:01610) Business Description
COFCO Joycome Foods Ltd is engaged in the feed production, hog production, slaughtering and cutting, production, distribution and sale of fresh pork and processed meat products, import and distribution of meat products (including pork, beef, poultry and mutton). Its segments include Hog production segment represents hog breeding and sales of hogs; Fresh pork segment represents slaughtering, wholesale and retail sales of fresh and frozen meats; Processed meat products segment represents manufacture, wholesale and retail sales of processed meat products; and Meat import segment represents sales of imported meat products. Geographically it derives revenue from Mainland China.
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