King's Flair International (Holdings) (HKSE:06822) Days Inventory : 73.87 (As of Dec. 2023)

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What is King's Flair International (Holdings) Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). King's Flair International (Holdings)'s Average Total Inventories for the six months ended in Dec. 2023 was HK$106.4 Mil. King's Flair International (Holdings)'s Cost of Goods Sold for the six months ended in Dec. 2023 was HK$262.9 Mil. Hence, King's Flair International (Holdings)'s Days Inventory for the six months ended in Dec. 2023 was 73.87.

The historical rank and industry rank for King's Flair International (Holdings)'s Days Inventory or its related term are showing as below:

HKSE:06822' s Days Inventory Range Over the Past 10 Years
Min: 3.35 Med: 15.72 Max: 74.05
Current: 73.86

During the past 11 years, King's Flair International (Holdings)'s highest Days Inventory was 74.05. The lowest was 3.35. And the median was 15.72.

HKSE:06822's Days Inventory is ranked better than
67.24% of 406 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 104.325 vs HKSE:06822: 73.86

King's Flair International (Holdings)'s Days Inventory increased from Dec. 2022 (48.15) to Dec. 2023 (73.87). It might indicate that King's Flair International (Holdings)'s sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. King's Flair International (Holdings)'s Inventory Turnover for the six months ended in Dec. 2023 was 2.47.

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. King's Flair International (Holdings)'s Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.30.

King's Flair International (Holdings) Days Inventory Historical Data

The historical data trend for King's Flair International (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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King's Flair International (Holdings) Days Inventory Chart

King's Flair International (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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16.47

17.52

18.18

37.16

74.05

King's Flair International (Holdings) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															19.48	31.95	48.15	73.66	73.87

Competitive Comparison of King's Flair International (Holdings)'s Days Inventory

For the Furnishings, Fixtures & Appliances subindustry, King's Flair International (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.

King's Flair International (Holdings)'s Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, King's Flair International (Holdings)'s Days Inventory distribution charts can be found below:

* The bar in red indicates where King's Flair International (Holdings)'s Days Inventory falls into.

King's Flair International (Holdings) Days Inventory Calculation

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

King's Flair International (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
=	( (97.722	+	109.813)	/	2 )	/	511.47	*	365
=	103.7675					/	511.47	*	365
=	74.05

King's Flair International (Holdings)'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
=	( (102.973	+	109.813)	/	2 )	/	262.853	*	365 / 2
=	106.393					/	262.853	*	365 / 2
=	73.87

King's Flair International (Holdings) (HKSE:06822) 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.

King's Flair International (Holdings)'s Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	262.853	/	106.393
	=	2.47

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.

King's Flair International (Holdings)'s Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	106.393	/	356.856
	=	0.30

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.

King's Flair International (Holdings) Days Inventory Related Terms

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

King's Flair International (Holdings) (HKSE:06822) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » King's Flair International (Holdings) Ltd (HKSE:06822) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Connaught Road West, 12th Floor, Yardley Commercial Building, Sheung Wan, Hong Kong, HKG

Website

https://www.kingsflair.com.hk

King's Flair International (Holdings) Ltd is an integrated one-stop kitchenware and household product solution provider. The core products of the group include kitchenware and household products, drinkware, tools and gadgets, bakeware and accessories, and food preparation products. The company operates across the United States, Europe, Asia, Canada, and other locations. It operates in two segments, the trading of kitchenware and household products, which is the key revenue-generating segment, and the trading of raw materials.

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