China Weaving Materials Holdings (HKSE:03778) Days Inventory : 83.31 (As of Jun. 2024)

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What is China Weaving Materials Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Weaving Materials Holdings's Average Total Inventories for the six months ended in Jun. 2024 was HK$272 Mil. China Weaving Materials Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$595 Mil. Hence, China Weaving Materials Holdings's Days Inventory for the six months ended in Jun. 2024 was 83.31.

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

HKSE:03778' s Days Inventory Range Over the Past 10 Years
Min: 34.3 Med: 51.82 Max: 74.2
Current: 74.2

During the past 13 years, China Weaving Materials Holdings's highest Days Inventory was 74.20. The lowest was 34.30. And the median was 51.82.

HKSE:03778's Days Inventory is ranked better than
75.15% of 1006 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 127 vs HKSE:03778: 74.20

China Weaving Materials Holdings's Days Inventory increased from Jun. 2023 (74.90) to Jun. 2024 (83.31). It might indicate that China Weaving Materials Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Weaving Materials Holdings's Inventory Turnover for the six months ended in Jun. 2024 was 2.19.

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. China Weaving Materials Holdings's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.44.

China Weaving Materials Holdings Days Inventory Historical Data

The historical data trend for China Weaving Materials 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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China Weaving Materials Holdings Days Inventory Chart

China Weaving Materials Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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49.97

53.67

67.05

69.22

59.94

China Weaving Materials Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial															112.92	68.60	74.90	63.99	83.31

Competitive Comparison of China Weaving Materials Holdings's Days Inventory

For the Textile Manufacturing subindustry, China Weaving Materials 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.

China Weaving Materials Holdings's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Weaving Materials Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Weaving Materials Holdings's Days Inventory falls into.

China Weaving Materials Holdings Days Inventory Calculation

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

China Weaving Materials 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
=	( (148.401	+	245.249)	/	2 )	/	1198.543	*	365
=	196.825					/	1198.543	*	365
=	59.94

China Weaving Materials Holdings's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (245.249	+	298.083)	/	2 )	/	595.125	*	365 / 2
=	271.666					/	595.125	*	365 / 2
=	83.31

China Weaving Materials Holdings (HKSE:03778) 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.

China Weaving Materials Holdings's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	595.125	/	271.666
	=	2.19

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.

China Weaving Materials Holdings's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	271.666	/	622.132
	=	0.44

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.

China Weaving Materials Holdings Days Inventory Related Terms

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

China Weaving Materials Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Weaving Materials Holdings Ltd (HKSE:03778) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Fengtian Economic Development Zone, Fengxin County, Jiangxi Province, Yichun, CHN

Website

https://www.chinaweavingmaterials.com

China Weaving Materials Holdings Ltd is an investment holding company. It is principally engaged in the business of manufacturing and trading of yarns products and related raw materials. The company operates in two segments: Yarns, which manufactures and trades yarns; and Staple fibers segment manufactures and trades polyester staple fibers. It generates maximum revenue from the Yarns segment. Geographically, it derives revenue from the PRC.

Executives

Zheng Yongxiang

2101 Beneficial owner

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