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RAY (Raytech Holding) Days Inventory : 7.98 (As of Sep. 2024)


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What is Raytech Holding Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Raytech Holding's Average Total Inventories for the six months ended in Sep. 2024 was $0.19 Mil. Raytech Holding's Cost of Goods Sold for the six months ended in Sep. 2024 was $4.38 Mil. Hence, Raytech Holding's Days Inventory for the six months ended in Sep. 2024 was 7.98.

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

RAY' s Days Inventory Range Over the Past 10 Years
Min: 7.22   Med: 21.71   Max: 29.7
Current: 7.22

During the past 4 years, Raytech Holding's highest Days Inventory was 29.70. The lowest was 7.22. And the median was 21.71.

RAY's Days Inventory is ranked better than
98.73% of 1818 companies
in the Consumer Packaged Goods industry
Industry Median: 81.755 vs RAY: 7.22

Raytech Holding's Days Inventory increased from Sep. 2023 (5.11) to Sep. 2024 (7.98). It might indicate that Raytech Holding's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Raytech Holding's Inventory Turnover for the six months ended in Sep. 2024 was 22.86.

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. Raytech Holding's Inventory-to-Revenue for the six months ended in Sep. 2024 was 0.03.

Raytech Holding Days Inventory Historical Data

The historical data trend for Raytech 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.

Raytech Holding Days Inventory Chart

Raytech Holding Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Days Inventory
29.70 21.71 - 13.00

Raytech Holding Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Days Inventory Get a 7-Day Free Trial 13.62 9.26 5.11 8.33 7.98

Competitive Comparison of Raytech Holding's Days Inventory

For the Household & Personal Products subindustry, Raytech 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.

Raytech Holding's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Raytech Holding's Days Inventory distribution charts can be found below:

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


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Raytech Holding Days Inventory Calculation

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

Raytech Holding's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

Days Inventory (A: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2023 ) + Total Inventories (A: Mar. 2024 )) / count ) / Cost of Goods Sold (A: Mar. 2024 )*Days in Period
=( (0 + 0.237) / 1 ) / 6.656*365
=0.237 / 6.656*365
=13.00

Raytech Holding's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

Days Inventory (Q: Sep. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (0.237 + 0.146) / 2 ) / 4.377*365 / 2
=0.1915 / 4.377*365 / 2
=7.98

* 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.

Raytech Holding  (NAS:RAY) 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.

Raytech Holding's Inventory Turnover for the six months ended in Sep. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=4.377 / 0.1915
=22.86

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.

Raytech Holding's Inventory to Revenue for the six months ended in Sep. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.1915 / 5.551
=0.03

* 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.

Raytech Holding Days Inventory Related Terms

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

Raytech Holding Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Raytech Holding Ltd (NAS:RAY) » Definitions » Days Inventory
Comparable Companies
UG DQWS GROV PURE DSY XAGE PGID SKVI SNBH TANH PG XPAR:OR LSE:ULVR CL BOM:500696 KMB LSE:RKT KVUE XTER:HEN3 XTER:BEI
Traded in Other Exchanges
N/A
Address
No.19 Lam Lok Street, Unit 609, 6th Floor, Nan Fung Commercial Centre, Kowloon Bay, Hong Kong, HKG
Website
https://www.raytech.com.hk
Raytech Holding Ltd is principally engaged in product designing and manufacturing of various product ranges such as Hair Care, Men's Care and Women's Care products. It has sourced and wholesaled a wide range of personal care electrical appliances, which can be broadly classified into seven categories: hair styling series, including hair dryer, hair straightener and curling iron; trimmer series, including facial shaver, nose trimmer and eyebrow trimmer; eyelash curler; neck care series; nail care series; tooling and other personal care appliances such as body and facial brush, reset brush, callus remover, sonic peeling, handy fan and others. Raytech manufactures products under OEM and ODM.