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Tasty Concepts Holding (HKSE:08096) Days Inventory : 7.60 (As of Sep. 2023)


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What is Tasty Concepts Holding Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tasty Concepts Holding's Average Total Inventories for the three months ended in Sep. 2023 was HK$0.67 Mil. Tasty Concepts Holding's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$8.08 Mil. Hence, Tasty Concepts Holding's Days Inventory for the three months ended in Sep. 2023 was 7.60.

The historical rank and industry rank for Tasty Concepts Holding's Days Inventory or its related term are showing as below:

HKSE:08096' s Days Inventory Range Over the Past 10 Years
Min: 6.65   Med: 8.47   Max: 10.48
Current: 6.65

During the past 7 years, Tasty Concepts Holding's highest Days Inventory was 10.48. The lowest was 6.65. And the median was 8.47.

HKSE:08096's Days Inventory is ranked better than
79.04% of 334 companies
in the Restaurants industry
Industry Median: 15.715 vs HKSE:08096: 6.65

Tasty Concepts Holding's Days Inventory increased from Sep. 2022 (5.73) to Sep. 2023 (7.60). It might indicate that Tasty Concepts Holding's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tasty Concepts Holding's Inventory Turnover for the three months ended in Sep. 2023 was 12.00.

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. Tasty Concepts Holding's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.06.


Tasty Concepts Holding Days Inventory Historical Data

The historical data trend for Tasty Concepts Holding'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.

Tasty Concepts Holding Days Inventory Chart

Tasty Concepts Holding Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial 9.95 10.31 10.48 7.81 6.84

Tasty Concepts Holding Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.73 6.92 5.71 6.40 7.60

Competitive Comparison of Tasty Concepts Holding's Days Inventory

For the Restaurants subindustry, Tasty Concepts Holding'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.


Tasty Concepts Holding's Days Inventory Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Tasty Concepts Holding's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tasty Concepts Holding's Days Inventory falls into.



Tasty Concepts Holding Days Inventory Calculation

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

Tasty Concepts Holding'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
=( (0.612 + 0.59) / 2 ) / 32.073*365
=0.601 / 32.073*365
=6.84

Tasty Concepts Holding'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: Jun. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (0 + 0.673) / 1 ) / 8.079*365 / 4
=0.673 / 8.079*365 / 4
=7.60

* 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.


Tasty Concepts Holding  (HKSE:08096) 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.

Tasty Concepts Holding's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

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.

Tasty Concepts Holding's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

* 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.


Tasty Concepts Holding Days Inventory Related Terms

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


Tasty Concepts Holding (HKSE:08096) Business Description

Traded in Other Exchanges
N/A
Address
139-141 Hoi Bun Road, Room 206, 2/F., Seaview Centre, Kwun Tong, Kowloon, Hong Kong, HKG
Tasty Concepts Holding Ltd is an investment holding company. The group is engaged in the operation of Japanese ramen restaurants in Hong Kong and the PRC. The company derives maximum revenue from Hong Kong. It also earns revenue from the sales of food and related products and royalty fee income from a franchisee which is located in PRC and Macau.
Executives
Goldstone 1 Lpf 2101 Beneficial owner
Goldstone Wealth Management Limited 2101 Beneficial owner
Lam Yu Chor Paul 2201 Interest of corporation controlled by you
China New Consumption Group Limited 2201 Interest of corporation controlled by you
Everest Enterprise Company Limited 2201 Interest of corporation controlled by you
Longson Enterprise Development Company Limited 2101 Beneficial owner
Brilliant Trade Enterprises Limited 2101 Beneficial owner
Lee Wai Yu Giselle 2202 Interest of your spouse
Tai Shiu Bun Mariana 2202 Interest of your spouse
Tang Chun Ho Chandler 2201 Interest of corporation controlled by you
Tang Hing Chee 2201 Interest of corporation controlled by you

Tasty Concepts Holding (HKSE:08096) Headlines

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