Jiading International Group Holdings (HKSE:08153) Days Inventory : 88.91 (As of Sep. 2023)

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What is Jiading International Group Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jiading International Group Holdings's Average Total Inventories for the three months ended in Sep. 2023 was HK$19.88 Mil. Jiading International Group Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$20.40 Mil. Hence, Jiading International Group Holdings's Days Inventory for the three months ended in Sep. 2023 was 88.91.

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

HKSE:08153' s Days Inventory Range Over the Past 10 Years
Min: 2.64 Med: 86.95 Max: 4438.53
Current: 48.35

During the past 13 years, Jiading International Group Holdings's highest Days Inventory was 4438.53. The lowest was 2.64. And the median was 86.95.

HKSE:08153's Days Inventory is ranked worse than
60.83% of 651 companies
in the Media - Diversified industry
Industry Median: 26.37 vs HKSE:08153: 48.35

Jiading International Group Holdings's Days Inventory increased from Sep. 2022 (0.00) to Sep. 2023 (88.91). It might indicate that Jiading International Group Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jiading International Group Holdings's Inventory Turnover for the three months ended in Sep. 2023 was 1.03.

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. Jiading International Group Holdings's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.83.

Jiading International Group Holdings Days Inventory Historical Data

The historical data trend for Jiading International Group 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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Jiading International Group Holdings Days Inventory Chart

Jiading International Group Holdings Annual Data

Trend

Mar14

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Mar21

Mar22

Mar23

Days Inventory

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2.64

14.22

Jiading International Group Holdings 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															-	-	8.53	16.81	88.91

Competitive Comparison of Jiading International Group Holdings's Days Inventory

For the Advertising Agencies subindustry, Jiading International Group 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.

Jiading International Group Holdings's Days Inventory Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Jiading International Group Holdings's Days Inventory distribution charts can be found below:

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

Jiading International Group Holdings Days Inventory Calculation

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

Jiading International Group Holdings'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	+	3.256)	/	1 )	/	83.588	*	365
=	3.256					/	83.588	*	365
=	14.22

Jiading International Group Holdings'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	+	19.878)	/	1 )	/	20.401	*	365 / 4
=	19.878					/	20.401	*	365 / 4
=	88.91

Jiading International Group Holdings (HKSE:08153) 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.

Jiading International Group Holdings's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	20.401	/	19.878
	=	1.03

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.

Jiading International Group Holdings's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	19.878	/	23.832
	=	0.83

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.

Jiading International Group Holdings Days Inventory Related Terms

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

Jiading International Group Holdings (HKSE:08153) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Jiading International Group Holdings Ltd (HKSE:08153) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

317–319 Des Voeux Road Central, Room 1104A, 11th floor, Kai Tak Commercial Building, Sheung Wan, Hong Kong, HKG

Website

http://www.jiadingint.com

Jiading International Group Holdings Ltd, formerly Farnova Group Holdings Ltd is an investment holding company. The principal activities of the Group are advertising in Hong Kong, the sales of new energy electric vehicles in the PRC and the sales of new energy battery in the PRC. The company is engaged in the segments of Advertising, New Energy Battery, and New Energy Electric Vehicle:. The vast majority of the revenue is generated from the Advertising segment which is engaged in provision of advertising services in Hong Kong and the PRC. Its geographical segments include Hong Kong, which generates the majority of revenue, and the People's Republic of China.

Executives

Mou Zhongwei	2101 Beneficial owner
Guo Gelin	2101 Beneficial owner
Enerchina Investments Limited	2201 Interest of corporation controlled by you
Oshidori International Holdings Limited	2201 Interest of corporation controlled by you
Uptown Ww Capital Group Limited	2201 Interest of corporation controlled by you
Uptown Ww Holdings Limited	2201 Interest of corporation controlled by you
Wang De Qun	2101 Beneficial owner
Artic Blue Corporation	2101 Beneficial owner
Asian Capital Partners Group Company Limited	2201 Interest of corporation controlled by you
Citic Merchant Co., Limited	2201 Interest of corporation controlled by you
Concorde Capital Group Limited	2201 Interest of corporation controlled by you
Huang Bin	2201 Interest of corporation controlled by you
Song Wen Xia	2101 Beneficial owner
Yiu Kwok Ming Tommy	2101 Beneficial owner

Jiading International Group Holdings (HKSE:08153) Headlines

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