Cheerwin Group (HKSE:06601) Days Inventory : 163.39 (As of Dec. 2023)

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What is Cheerwin Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cheerwin Group's Average Total Inventories for the six months ended in Dec. 2023 was HK$228 Mil. Cheerwin Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$254 Mil. Hence, Cheerwin Group's Days Inventory for the six months ended in Dec. 2023 was 163.39.

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

HKSE:06601' s Days Inventory Range Over the Past 10 Years
Min: 100.59 Med: 149.51 Max: 202.21
Current: 100.59

During the past 7 years, Cheerwin Group's highest Days Inventory was 202.21. The lowest was 100.59. And the median was 149.51.

HKSE:06601's Days Inventory is ranked worse than
60.58% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 81.945 vs HKSE:06601: 100.59

Cheerwin Group's Days Inventory declined from Dec. 2022 (200.98) to Dec. 2023 (163.39).

Inventory Turnover measures how fast the company turns over its inventory within a year. Cheerwin Group's Inventory Turnover for the six months ended in Dec. 2023 was 1.12.

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. Cheerwin Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.43.

Cheerwin Group Days Inventory Historical Data

The historical data trend for Cheerwin Group'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.

Cheerwin Group Days Inventory Chart

Cheerwin Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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202.21

135.07

128.04

149.51

120.79

Cheerwin Group Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial						177.98	76.00	200.98	65.03	163.39

Competitive Comparison of Cheerwin Group's Days Inventory

For the Household & Personal Products subindustry, Cheerwin Group'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.

Cheerwin Group's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Cheerwin Group's Days Inventory falls into.

Cheerwin Group Days Inventory Calculation

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

Cheerwin Group'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
=	( (356.43	+	293.169)	/	2 )	/	981.478	*	365
=	324.7995					/	981.478	*	365
=	120.79

Cheerwin Group'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
=	( (161.881	+	293.169)	/	2 )	/	254.137	*	365 / 2
=	227.525					/	254.137	*	365 / 2
=	163.39

Cheerwin Group (HKSE:06601) 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.

Cheerwin Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	254.137	/	227.525
	=	1.12

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.

Cheerwin Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	227.525	/	528.103
	=	0.43

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.

Cheerwin Group Days Inventory Related Terms

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

Cheerwin Group (HKSE:06601) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cheerwin Group Ltd (HKSE:06601) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Luju Road, Liwan District, Guangdong Province, Guangzhou, CHN, 510370

Website

https://www.cheerwin.com

Cheerwin Group Ltd is an investment holding company. It is mainly manufacturing and trading of household insecticides and repellents, household cleaning, air care, personal care, pet care, and other products in China. company revenue is geographically derived from PRC.

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