Jiujiuwang Food International (HKSE:01927) Days Inventory : 200.71 (As of Dec. 2023)

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What is Jiujiuwang Food International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jiujiuwang Food International's Average Total Inventories for the six months ended in Dec. 2023 was HK$135.4 Mil. Jiujiuwang Food International's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$123.2 Mil. Hence, Jiujiuwang Food International's Days Inventory for the six months ended in Dec. 2023 was 200.71.

The historical rank and industry rank for Jiujiuwang Food International's Days Inventory or its related term are showing as below:

HKSE:01927' s Days Inventory Range Over the Past 10 Years
Min: 96.56 Med: 114.93 Max: 175.35
Current: 171.87

During the past 7 years, Jiujiuwang Food International's highest Days Inventory was 175.35. The lowest was 96.56. And the median was 114.93.

HKSE:01927's Days Inventory is ranked worse than
81.95% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 83.4 vs HKSE:01927: 171.87

Jiujiuwang Food International's Days Inventory increased from Dec. 2022 (131.94) to Dec. 2023 (200.71). It might indicate that Jiujiuwang Food International's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jiujiuwang Food International's Inventory Turnover for the six months ended in Dec. 2023 was 0.91.

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. Jiujiuwang Food International's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.77.

Jiujiuwang Food International Days Inventory Historical Data

The historical data trend for Jiujiuwang Food International'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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Jiujiuwang Food International Days Inventory Chart

Jiujiuwang Food International Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

96.56

100.41

116.41

148.89

175.35

Jiujiuwang Food International Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial						113.73	129.56	131.94	145.49	200.71

Competitive Comparison of Jiujiuwang Food International's Days Inventory

For the Confectioners subindustry, Jiujiuwang Food International'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.

Jiujiuwang Food International's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Jiujiuwang Food International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Jiujiuwang Food International's Days Inventory falls into.

Jiujiuwang Food International Days Inventory Calculation

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

Jiujiuwang Food International'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
=	( (118.887	+	146.208)	/	2 )	/	275.91	*	365
=	132.5475					/	275.91	*	365
=	175.35

Jiujiuwang Food International'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
=	( (124.671	+	146.208)	/	2 )	/	123.15	*	365 / 2
=	135.4395					/	123.15	*	365 / 2
=	200.71

Jiujiuwang Food International (HKSE:01927) 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.

Jiujiuwang Food International's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	123.15	/	135.4395
	=	0.91

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.

Jiujiuwang Food International's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	135.4395	/	175.146
	=	0.77

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.

Jiujiuwang Food International Days Inventory Related Terms

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

Jiujiuwang Food International (HKSE:01927) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Jiujiuwang Food International Ltd (HKSE:01927) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 398 Ping An East Road, Luoshan Street, Xukeng Industrial Zone, Fujian Province, Jinjiang, CHN

Website

http://www.jiujiuwang.com

Jiujiuwang Food International Ltd is a manufacturer of confectionary products. It manufactures and sells confectionary products, including gum-based candies, tablet candies, aerated candies, and hard candies.

Executives

Hong Mali
Su Li
Wu Zihong
Zheng Guodian
Zheng Guosi
Zheng Zhenzhong
Haisen International Limited
Xiejia Limited
Jianeng International Limited

Jiujiuwang Food International (HKSE:01927) Headlines

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