Winning Tower Group Holdings (HKSE:08362) Days Inventory : 31.97 (As of Dec. 2023)

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What is Winning Tower Group Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Winning Tower Group Holdings's Average Total Inventories for the three months ended in Dec. 2023 was HK$5.6 Mil. Winning Tower Group Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$16.0 Mil. Hence, Winning Tower Group Holdings's Days Inventory for the three months ended in Dec. 2023 was 31.97.

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

HKSE:08362' s Days Inventory Range Over the Past 10 Years
Min: 15.7 Med: 21.48 Max: 36.57
Current: 30.24

During the past 9 years, Winning Tower Group Holdings's highest Days Inventory was 36.57. The lowest was 15.70. And the median was 21.48.

HKSE:08362's Days Inventory is ranked better than
89.56% of 1782 companies
in the Consumer Packaged Goods industry
Industry Median: 82.815 vs HKSE:08362: 30.24

Winning Tower Group Holdings's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (31.97). It might indicate that Winning Tower Group Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Winning Tower Group Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 2.85.

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. Winning Tower Group Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.19.

Winning Tower Group Holdings Days Inventory Historical Data

The historical data trend for Winning Tower 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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Winning Tower Group Holdings Days Inventory Chart

Winning Tower Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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21.48

36.57

28.23

26.92

31.05

Winning Tower Group Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	26.91	30.41	29.87	31.97

Competitive Comparison of Winning Tower Group Holdings's Days Inventory

For the Packaged Foods subindustry, Winning Tower 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.

Winning Tower Group Holdings's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Winning Tower Group Holdings's Days Inventory distribution charts can be found below:

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

Winning Tower Group Holdings Days Inventory Calculation

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

Winning Tower Group 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
=	( (4.302	+	5.612)	/	2 )	/	58.262	*	365
=	4.957					/	58.262	*	365
=	31.05

Winning Tower Group 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	5.612)	/	1 )	/	16.02	*	365 / 4
=	5.612					/	16.02	*	365 / 4
=	31.97

Winning Tower Group Holdings (HKSE:08362) 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.

Winning Tower Group Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	16.02	/	5.612
	=	2.85

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.

Winning Tower Group Holdings's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.612	/	29.575
	=	0.19

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.

Winning Tower Group Holdings Days Inventory Related Terms

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

Winning Tower Group Holdings (HKSE:08362) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Winning Tower Group Holdings Ltd (HKSE:08362) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

88 Lei Muk Road, Riley House, Unit 803, 8th Floor, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.wtgl.hk

Winning Tower Group Holdings Ltd is an investment holding company engaged in the processing and trading of raw, frozen and cooked food products, the provision of transportation services and the operation of a restaurant. The operating segments of the group are the Processing and trading of food products, which is the key revenue-generating segment; and Restaurant operation. The company derives prime revenue from Hong Kong.

Executives

Keyview Ventures Limited	2101 Beneficial owner
Ou Honglian	2201 Interest of corporation controlled by you
Zhong Yuhua	2201 Interest of corporation controlled by you

Winning Tower Group Holdings (HKSE:08362) Headlines

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