KangLi International Holdings (HKSE:06890) Days Inventory : 99.38 (As of Jun. 2024)

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What is KangLi International Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). KangLi International Holdings's Average Total Inventories for the six months ended in Jun. 2024 was HK$518 Mil. KangLi International Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$952 Mil. Hence, KangLi International Holdings's Days Inventory for the six months ended in Jun. 2024 was 99.38.

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

HKSE:06890' s Days Inventory Range Over the Past 10 Years
Min: 71.24 Med: 82.95 Max: 101.11
Current: 90.69

During the past 9 years, KangLi International Holdings's highest Days Inventory was 101.11. The lowest was 71.24. And the median was 82.95.

HKSE:06890's Days Inventory is ranked worse than
51.44% of 589 companies
in the Steel industry
Industry Median: 87.84 vs HKSE:06890: 90.69

KangLi International Holdings's Days Inventory increased from Jun. 2023 (94.36) to Jun. 2024 (99.38). It might indicate that KangLi International Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. KangLi International Holdings's Inventory Turnover for the six months ended in Jun. 2024 was 1.84.

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. KangLi International Holdings's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.48.

KangLi International Holdings Days Inventory Historical Data

The historical data trend for KangLi 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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KangLi International Holdings Days Inventory Chart

KangLi International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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89.38

95.50

81.89

101.11

88.54

KangLi International Holdings Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial											107.89	108.13	94.36	83.18	99.38

Competitive Comparison of KangLi International Holdings's Days Inventory

For the Steel subindustry, KangLi 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.

KangLi International Holdings's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, KangLi International Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where KangLi International Holdings's Days Inventory falls into.

KangLi International Holdings Days Inventory Calculation

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

KangLi 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
=	( (424.951	+	502.702)	/	2 )	/	1912.042	*	365
=	463.8265					/	1912.042	*	365
=	88.54

KangLi International 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
=	( (502.702	+	534.11)	/	2 )	/	951.946	*	365 / 2
=	518.406					/	951.946	*	365 / 2
=	99.38

KangLi International Holdings (HKSE:06890) 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.

KangLi International Holdings's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	951.946	/	518.406
	=	1.84

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.

KangLi International Holdings's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	518.406	/	1082.435
	=	0.48

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.

KangLi International Holdings Days Inventory Related Terms

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

KangLi International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » KangLi International Holdings Ltd (HKSE:06890) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hengshanqiao Town, Wujin District, Wuyi County, Jiangsu Province, Changzhou, CHN

Website

http://www.jnpmm.com

KangLi International Holdings Ltd is engaged in the production and sales of unpainted and painted galvanized steel products to midstream steel product processors, and cold-rolled steel products to home appliance manufacturers. The company has three operating segments; the Hard steel coil segment includes the manufacture and sale of cold-rolled hard steel coil, the Unpainted galvanized steel products segment includes the manufacture and sale of hot-dipped galvanized/zinc-coated steel coil and sheet; the Painted galvanized steel products segment includes the manufacture and sale of hot-dipped color coated galvanized steel coil and sheet and the Property management services. It derives a majority of its revenue from the People's Republic of China.

Executives

Liu Ping	2202 Interest of your spouse
Mei Zefeng	2201 Interest of corporation controlled by you
Newrich Limited	2101 Beneficial owner
Star Century Corporate Limited	2101 Beneficial owner
Chang Zhou Dong Fang Xin Cheng Jian She You Xian Gong Si	2201 Interest of corporation controlled by you
Chang Zhou Dong Fang Shui Wu Tou Zi Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Jiang Su Chang Zhou Jing Ji Kai Fa Qu Guan Li Wei Yuan Hui	2201 Interest of corporation controlled by you
Xiang Gang Dong Fang Kong Gu Shi Ye You Xian Gong Si	2101 Beneficial owner

KangLi International Holdings Headlines

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