Veeko International Holdings (HKSE:01173) Days Inventory : 130.25 (As of Sep. 2023)

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What is Veeko International Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Veeko International Holdings's Average Total Inventories for the six months ended in Sep. 2023 was HK$105.3 Mil. Veeko International Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$147.5 Mil. Hence, Veeko International Holdings's Days Inventory for the six months ended in Sep. 2023 was 130.25.

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

HKSE:01173' s Days Inventory Range Over the Past 10 Years
Min: 131.48 Med: 160.39 Max: 313.01
Current: 140.34

During the past 13 years, Veeko International Holdings's highest Days Inventory was 313.01. The lowest was 131.48. And the median was 160.39.

HKSE:01173's Days Inventory is ranked worse than
74.4% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 82.1 vs HKSE:01173: 140.34

Veeko International Holdings's Days Inventory declined from Sep. 2022 (188.02) to Sep. 2023 (130.25).

Inventory Turnover measures how fast the company turns over its inventory within a year. Veeko International Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 1.40.

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. Veeko International Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.37.

Veeko International Holdings Days Inventory Historical Data

The historical data trend for Veeko International 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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Veeko International Holdings Days Inventory Chart

Veeko International Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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159.58

223.17

313.01

192.40

163.91

Veeko International Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															205.28	178.98	188.02	142.47	130.25

Competitive Comparison of Veeko International Holdings's Days Inventory

For the Household & Personal Products subindustry, Veeko International 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.

Veeko International Holdings's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

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

Veeko International Holdings Days Inventory Calculation

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

Veeko International 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
=	( (124.945	+	93.175)	/	2 )	/	242.862	*	365
=	109.06					/	242.862	*	365
=	163.91

Veeko International 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: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (93.175	+	117.398)	/	2 )	/	147.523	*	365 / 2
=	105.2865					/	147.523	*	365 / 2
=	130.25

Veeko International Holdings (HKSE:01173) 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.

Veeko International Holdings's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	147.523	/	105.2865
	=	1.40

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.

Veeko International Holdings's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	105.2865	/	281.289
	=	0.37

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.

Veeko International Holdings Days Inventory Related Terms

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

Veeko International Holdings (HKSE:01173) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Veeko International Holdings Ltd (HKSE:01173) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

192-200, Tai Lin Pai Road, 10th Floor, Wyler Centre Phase II, New Territories, Kwai Chung, Hong Kong, HKG

Website

https://www.veeko.com.hk

Veeko International Holdings Ltd is an investment holding company principally engaged in the cosmetics and personal care products business. It operates in two business segments. The Cosmetics segment is engaged in the sales of cosmetics under the brand of Colourmix and MORIMOR, including skin-care products, perfumery, make-up, personal care, hairdressing, body care, and cosmeceuticals, as well as health food. The Fashion segment is engaged in the manufacture and sales of ladies' fashion under the brand names of Veeko and Wanko. The cosmetics segment accounts for majority of the firm's revenue. The company generates the majority of the revenue from Hong Kong and Macau.

Executives

Lam Yuk Sum	2305 Beneficiary of a trust
Cheng Chung Man Johnny	2305 Beneficiary of a trust
Hsbc International Trustee Limited	2301 Trustee
Silver Crown Profits Limited	2101 Beneficial owner
Well Feel Group Limited	2201 Interest of corporation controlled by you

Veeko International Holdings (HKSE:01173) Headlines

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