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Jin Mi Fang Group Holdings (HKSE:08300) Days Inventory : 52.37 (As of Sep. 2023)


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What is Jin Mi Fang Group Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jin Mi Fang Group Holdings's Average Total Inventories for the three months ended in Sep. 2023 was HK$3.10 Mil. Jin Mi Fang Group Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$5.40 Mil. Hence, Jin Mi Fang Group Holdings's Days Inventory for the three months ended in Sep. 2023 was 52.37.

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

HKSE:08300' s Days Inventory Range Over the Past 10 Years
Min: 2.88   Med: 6.76   Max: 136.01
Current: 125.04

During the past 10 years, Jin Mi Fang Group Holdings's highest Days Inventory was 136.01. The lowest was 2.88. And the median was 6.76.

HKSE:08300's Days Inventory is ranked worse than
97.01% of 334 companies
in the Restaurants industry
Industry Median: 15.515 vs HKSE:08300: 125.04

Jin Mi Fang Group Holdings's Days Inventory declined from Sep. 2022 (186.06) to Sep. 2023 (52.37).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jin Mi Fang Group Holdings's Inventory Turnover for the three months ended in Sep. 2023 was 1.74.

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. Jin Mi Fang Group Holdings's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.29.


Jin Mi Fang Group Holdings Days Inventory Historical Data

The historical data trend for Jin Mi Fang 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.

* Premium members only.

Jin Mi Fang Group Holdings Days Inventory Chart

Jin Mi Fang Group Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.37 11.70 11.62 9.98 136.01

Jin Mi Fang Group Holdings Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 186.06 171.51 156.16 346.14 52.37

Competitive Comparison of Jin Mi Fang Group Holdings's Days Inventory

For the Restaurants subindustry, Jin Mi Fang 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.


Jin Mi Fang Group Holdings's Days Inventory Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Jin Mi Fang Group Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Jin Mi Fang Group Holdings's Days Inventory falls into.



Jin Mi Fang Group Holdings Days Inventory Calculation

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

Jin Mi Fang Group 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
=( (0.171 + 6.517) / 2 ) / 8.974*365
=3.344 / 8.974*365
=136.01

Jin Mi Fang Group 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: Jun. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (0 + 3.1) / 1 ) / 5.401*365 / 4
=3.1 / 5.401*365 / 4
=52.37

* 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.


Jin Mi Fang Group Holdings  (HKSE:08300) 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.

Jin Mi Fang Group Holdings's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

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.

Jin Mi Fang Group Holdings's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

* 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.


Jin Mi Fang Group Holdings Days Inventory Related Terms

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


Jin Mi Fang Group Holdings (HKSE:08300) Business Description

Traded in Other Exchanges
N/A
Address
489-491 Castle Peak Road, Unit 603, 6th Floor, Block A, Hong Kong Industrial Centre, Kowloon, Hong Kong, HKG
Royal Group Holdings International Co Ltd is an investment holding company. The company provides food catering services through a chain of casual dining food catering services restaurants. The company also trades in luxury watches and earns maximum revenue from the Restaurant segment. All of the group's revenue is derived from Hong Kong.
Executives
Zhou Feng 2201 Interest of corporation controlled by you
Zhang Miao 2202 Interest of your spouse
Sky Shield Investment Limited 2101 Beneficial owner
Wong Man Wai 2101 Beneficial owner
Kong Yuen Man 2101 Beneficial owner
Li Wing Yin 2202 Interest of your spouse
Keenfull Investments Limited 2101 Beneficial owner
Li Chi Keung 2201 Interest of corporation controlled by you
Wong Hoi Ping 2202 Interest of your spouse
Fortune Round Limited 2101 Beneficial owner

Jin Mi Fang Group Holdings (HKSE:08300) Headlines

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