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Fujing Holdings Co (HKSE:02497) Days Inventory : 48.79 (As of Dec. 2023)


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What is Fujing Holdings Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Fujing Holdings Co's Average Total Inventories for the three months ended in Dec. 2023 was HK$11.70 Mil. Fujing Holdings Co's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$21.89 Mil. Hence, Fujing Holdings Co's Days Inventory for the three months ended in Dec. 2023 was 48.79.

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

HKSE:02497' s Days Inventory Range Over the Past 10 Years
Min: 39.1   Med: 47.31   Max: 185.38
Current: 185.38

During the past 4 years, Fujing Holdings Co's highest Days Inventory was 185.38. The lowest was 39.10. And the median was 47.31.

HKSE:02497's Days Inventory is ranked worse than
84.23% of 1782 companies
in the Consumer Packaged Goods industry
Industry Median: 82.815 vs HKSE:02497: 185.38

Fujing Holdings Co's Days Inventory increased from Sep. 2022 (0.00) to Dec. 2023 (48.79). It might indicate that Fujing Holdings Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fujing Holdings Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.87.

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. Fujing Holdings Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.29.

Fujing Holdings Co Days Inventory Historical Data

The historical data trend for Fujing Holdings Co'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.

Fujing Holdings Co Days Inventory Chart

Fujing Holdings Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Days Inventory
50.64 39.10 51.36 43.97

Fujing Holdings Co Quarterly Data
Dec20 Dec21 Sep22 Dec22 May23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial - 43.38 - - 48.79

Competitive Comparison of Fujing Holdings Co's Days Inventory

For the Farm Products subindustry, Fujing Holdings Co'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.

Fujing Holdings Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

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


Fujing Holdings Co Days Inventory Calculation

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

Fujing Holdings Co'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
=( (11.087 + 12.454) / 2 ) / 97.703*365
=11.7705 / 97.703*365
=43.97

Fujing Holdings Co'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: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (10.949 + 12.454) / 2 ) / 21.885*365 / 4
=11.7015 / 21.885*365 / 4
=48.79

* 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.

Fujing Holdings Co  (HKSE:02497) 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.

Fujing Holdings Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=21.885 / 11.7015
=1.87

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.

Fujing Holdings Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=11.7015 / 39.995
=0.29

* 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.

Fujing Holdings Co Days Inventory Related Terms

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Fujing Holdings Co (HKSE:02497) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fujing Holdings Co Ltd (HKSE:02497) » Definitions » Days Inventory
Comparable Companies
Traded in Other Exchanges
N/A
Address
Huanhu North Road South, Nanbu Village South, Rizhuang Town Laixi, Shandong Province, Qingdao, CHN
Website
http://www.fujingnongye.com
Fujing Holdings Co Ltd is a potted vegetable producer in Shandong province of the PRC. The group mainly sells potted vegetable agricultural products, among which chrysanthemum, rapeseed, bitter chrysanthemum, lettuce, pakchoi, and lettuce are the group's main products.
Executives
Wider International Group Limited 2101 Beneficial owner
Zhang Yonggang 2201 Interest of corporation controlled by you
Beauty Sources Holdings Limited 2101 Beneficial owner
Geng Qi 2201 Interest of corporation controlled by you

Fujing Holdings Co (HKSE:02497) Headlines

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