Hinng Group (International) Holding Co (HKSE:06893) Days Inventory : 152.05 (As of Sep. 2023)

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What is Hinng Group (International) Holding Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hinng Group (International) Holding Co's Average Total Inventories for the six months ended in Sep. 2023 was HK$16.43 Mil. Hinng Group (International) Holding Co's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$19.72 Mil. Hence, Hinng Group (International) Holding Co's Days Inventory for the six months ended in Sep. 2023 was 152.05.

The historical rank and industry rank for Hinng Group (International) Holding Co's Days Inventory or its related term are showing as below:

HKSE:06893' s Days Inventory Range Over the Past 10 Years
Min: 42.81 Med: 60.94 Max: 184.64
Current: 153.41

During the past 10 years, Hinng Group (International) Holding Co's highest Days Inventory was 184.64. The lowest was 42.81. And the median was 60.94.

HKSE:06893's Days Inventory is ranked worse than
78.26% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 82.17 vs HKSE:06893: 153.41

Hinng Group (International) Holding Co's Days Inventory declined from Sep. 2022 (195.28) to Sep. 2023 (152.05).

Inventory Turnover measures how fast the company turns over its inventory within a year. Hinng Group (International) Holding Co's Inventory Turnover for the six months ended in Sep. 2023 was 1.20.

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. Hinng Group (International) Holding Co's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.31.

Hinng Group (International) Holding Co Days Inventory Historical Data

The historical data trend for Hinng Group (International) Holding 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.

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Hinng Group (International) Holding Co Days Inventory Chart

Hinng Group (International) Holding Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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52.16

54.56

110.95

167.88

184.64

Hinng Group (International) Holding Co Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															154.27	142.34	195.28	149.00	152.05

Competitive Comparison of Hinng Group (International) Holding Co's Days Inventory

For the Household & Personal Products subindustry, Hinng Group (International) Holding 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.

Hinng Group (International) Holding Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hinng Group (International) Holding Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Hinng Group (International) Holding Co's Days Inventory falls into.

Hinng Group (International) Holding Co Days Inventory Calculation

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

Hinng Group (International) Holding Co's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (27.258	+	15.865)	/	2 )	/	42.624	*	365
=	21.5615					/	42.624	*	365
=	184.64

Hinng Group (International) Holding Co's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (15.865	+	16.997)	/	2 )	/	19.721	*	365 / 2
=	16.431					/	19.721	*	365 / 2
=	152.05

Hinng Group (International) Holding Co (HKSE:06893) 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.

Hinng Group (International) Holding Co's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	19.721	/	16.431
	=	1.20

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.

Hinng Group (International) Holding Co's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	16.431	/	52.318
	=	0.31

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.

Hinng Group (International) Holding Co Days Inventory Related Terms

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

Hinng Group (International) Holding Co (HKSE:06893) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hin Sang Group (International) Holding Co Ltd (HKSE:06893) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Science Museum Road, Unit 1213-1215, 12th Floor, Seapower Tower, Concordia Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.hinsanggroup.com

Hin Sang Group (International) Holding Co Ltd is engaged in the marketing, selling, and manufacturing of children's healthcare products. It is also involved in developing its business in mother-infant Chinese medical healthcare as well as diagnosis and treatment services projects. Its business segments include Product Development, Brand Development and Management, Trading of Goods, and Healthcare segment. The group generates a majority of its revenue from the Product Development segment which develops and sells healthcare products, personal care products, and household products under its own brand names. The company's operations are located in Hong Kong and the PRC, of which key revenue is derived from Hong Kong.

Hinng Group (International) Holding Co (HKSE:06893) Headlines

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