Zhaobangji Lifestyle Holdings (HKSE:01660) Days Inventory : 11.21 (As of Sep. 2024)

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What is Zhaobangji Lifestyle Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zhaobangji Lifestyle Holdings's Average Total Inventories for the six months ended in Sep. 2024 was HK$5.1 Mil. Zhaobangji Lifestyle Holdings's Cost of Goods Sold for the six months ended in Sep. 2024 was HK$83.0 Mil. Hence, Zhaobangji Lifestyle Holdings's Days Inventory for the six months ended in Sep. 2024 was 11.21.

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

HKSE:01660' s Days Inventory Range Over the Past 10 Years
Min: 10.26 Med: 21.76 Max: 43.26
Current: 11.68

During the past 11 years, Zhaobangji Lifestyle Holdings's highest Days Inventory was 43.26. The lowest was 10.26. And the median was 21.76.

HKSE:01660's Days Inventory is ranked better than
95.42% of 153 companies
in the Industrial Distribution industry
Industry Median: 93.09 vs HKSE:01660: 11.68

Zhaobangji Lifestyle Holdings's Days Inventory increased from Sep. 2023 (10.83) to Sep. 2024 (11.21). It might indicate that Zhaobangji Lifestyle Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhaobangji Lifestyle Holdings's Inventory Turnover for the six months ended in Sep. 2024 was 16.28.

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. Zhaobangji Lifestyle Holdings's Inventory-to-Revenue for the six months ended in Sep. 2024 was 0.05.

Zhaobangji Lifestyle Holdings Days Inventory Historical Data

The historical data trend for Zhaobangji Lifestyle 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.

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Zhaobangji Lifestyle Holdings Days Inventory Chart

Zhaobangji Lifestyle Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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20.65

26.77

19.39

12.92

10.26

Zhaobangji Lifestyle Holdings Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Inventory	Get a 7-Day Free Trial															13.37	12.25	10.83	11.51	11.21

Competitive Comparison of Zhaobangji Lifestyle Holdings's Days Inventory

For the Industrial Distribution subindustry, Zhaobangji Lifestyle 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.

Zhaobangji Lifestyle Holdings's Days Inventory Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Zhaobangji Lifestyle Holdings's Days Inventory distribution charts can be found below:

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

Zhaobangji Lifestyle Holdings Days Inventory Calculation

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

Zhaobangji Lifestyle Holdings's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (7.46	+	5.27)	/	2 )	/	226.378	*	365
=	6.365					/	226.378	*	365
=	10.26

Zhaobangji Lifestyle Holdings's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (5.27	+	4.925)	/	2 )	/	82.982	*	365 / 2
=	5.0975					/	82.982	*	365 / 2
=	11.21

Zhaobangji Lifestyle Holdings (HKSE:01660) 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.

Zhaobangji Lifestyle Holdings's Inventory Turnover for the six months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	82.982	/	5.0975
	=	16.28

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.

Zhaobangji Lifestyle Holdings's Inventory to Revenue for the six months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.0975	/	110.831
	=	0.05

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.

Zhaobangji Lifestyle Holdings Days Inventory Related Terms

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Zhaobangji Lifestyle Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Zhaobangji Lifestyle Holdings Ltd (HKSE:01660) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Unit 13-15, 11th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, HKG

Website

https://www.szzhaobangji.com

Zhaobangji Lifestyle Holdings Ltd is an investment holding company. Through its subsidiaries, the organization is engaged in providing construction machinery trading and leasing services. The operating segments of group are Trading; Leasing; Property management; Property leasing, subletting, retail and others; Money lending; and Transportation. It derives maximum revenue from the Leasing segment which involves the Leasing of machinery and provision of related services. Geographically, the company generates a majority of its revenue from Hong Kong.

Executives

Xu Chujia	2201 Interest of corporation controlled by you
Boardwin Resources Limited	2101 Beneficial owner
Zhang Meijuan	2202 Interest of your spouse

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