Weilong Delicious Global Holdings (HKSE:09985) Days Inventory : 58.64 (As of Dec. 2023)

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What is Weilong Delicious Global Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Weilong Delicious Global Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$467 Mil. Weilong Delicious Global Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,452 Mil. Hence, Weilong Delicious Global Holdings's Days Inventory for the six months ended in Dec. 2023 was 58.64.

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

HKSE:09985' s Days Inventory Range Over the Past 10 Years
Min: 65.47 Med: 68.52 Max: 86.16
Current: 69.94

During the past 5 years, Weilong Delicious Global Holdings's highest Days Inventory was 86.16. The lowest was 65.47. And the median was 68.52.

HKSE:09985's Days Inventory is ranked better than
58.97% of 1784 companies
in the Consumer Packaged Goods industry
Industry Median: 83.835 vs HKSE:09985: 69.94

Weilong Delicious Global Holdings's Days Inventory declined from Dec. 2022 (81.35) to Dec. 2023 (58.64).

Inventory Turnover measures how fast the company turns over its inventory within a year. Weilong Delicious Global Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 3.11.

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. Weilong Delicious Global Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.17.

Weilong Delicious Global Holdings Days Inventory Historical Data

The historical data trend for Weilong Delicious Global 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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Weilong Delicious Global Holdings Days Inventory Chart

Weilong Delicious Global Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

68.52

65.47

68.46

86.16

73.87

Weilong Delicious Global Holdings Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			70.96	74.49	81.35	78.12	58.64

Competitive Comparison of Weilong Delicious Global Holdings's Days Inventory

For the Packaged Foods subindustry, Weilong Delicious Global 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.

Weilong Delicious Global Holdings's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Weilong Delicious Global Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Weilong Delicious Global Holdings's Days Inventory falls into.

Weilong Delicious Global Holdings Days Inventory Calculation

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

Weilong Delicious Global 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
=	( (669.206	+	459.27)	/	2 )	/	2788.023	*	365
=	564.238					/	2788.023	*	365
=	73.87

Weilong Delicious Global 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (474.167	+	459.27)	/	2 )	/	1452.436	*	365 / 2
=	466.7185					/	1452.436	*	365 / 2
=	58.64

Weilong Delicious Global Holdings (HKSE:09985) 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.

Weilong Delicious Global Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1452.436	/	466.7185
	=	3.11

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.

Weilong Delicious Global Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	466.7185	/	2782.997
	=	0.17

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.

Weilong Delicious Global Holdings Days Inventory Related Terms

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Weilong Delicious Global Holdings (HKSE:09985) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Weilong Delicious Global Holdings Ltd (HKSE:09985) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Intersection of Dongfanghong Road and Zhongshan Road, Southwest Corner, Shaoling District, Henan, Luohe, CHN

Website

https://www.weilongshipin.com

Weilong Delicious Global Holdings Ltd is principally engaged in the production and sale of spicy snack food. The group is organized into business units based on the products and has three reportable operating segments namely, Seasoned flour products, comprising Big Latiao, Mini Latiao, Spicy Hot Stick, Mini Hot Stick and Kiss Burn; Vegetable products, comprising Konjac Shuang and Fengchi Kelp and Bean-based and other products, comprising Soft Tofu Skin, 78 Braised egg and meat products. Majority of the company's revenue is derived from Seasoned flour products and the business activities are conducted in China.

Executives

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Hh Green Philosophy Ltd	2305 Beneficiary of a trust
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Liu Fuping	2305 Beneficiary of a trust
Liu Weiping	2305 Beneficiary of a trust

Weilong Delicious Global Holdings (HKSE:09985) Headlines

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