Huaxi Holdings Co (HKSE:01689) Days Inventory : 138.57 (As of Jun. 2023)

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What is Huaxi Holdings Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Huaxi Holdings Co's Average Total Inventories for the six months ended in Jun. 2023 was HK$40.1 Mil. Huaxi Holdings Co's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$52.8 Mil. Hence, Huaxi Holdings Co's Days Inventory for the six months ended in Jun. 2023 was 138.57.

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

HKSE:01689' s Days Inventory Range Over the Past 10 Years
Min: 43.54 Med: 70.35 Max: 108.36
Current: 108.36

During the past 11 years, Huaxi Holdings Co's highest Days Inventory was 108.36. The lowest was 43.54. And the median was 70.35.

HKSE:01689's Days Inventory is ranked worse than
69.86% of 365 companies
in the Packaging & Containers industry
Industry Median: 78.08 vs HKSE:01689: 108.36

Huaxi Holdings Co's Days Inventory increased from Jun. 2022 (124.12) to Jun. 2023 (138.57). It might indicate that Huaxi Holdings Co's sales slowed down.

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. Huaxi Holdings Co's Inventory Turnover for the six months ended in Jun. 2023 was 1.32.

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. Huaxi Holdings Co's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.57.

Huaxi Holdings Co Days Inventory Historical Data

The historical data trend for Huaxi Holdings Co'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.

Huaxi Holdings Co Days Inventory Chart

Huaxi Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

71.33

51.77

43.54

105.49

111.26

Huaxi Holdings Co Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															49.07	124.12	103.32	138.57	82.78

Competitive Comparison of Huaxi Holdings Co's Days Inventory

For the Packaging & Containers subindustry, Huaxi Holdings Co'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.

Huaxi Holdings Co's Days Inventory Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Huaxi Holdings Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Huaxi Holdings Co's Days Inventory falls into.

Huaxi Holdings Co Days Inventory Calculation

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

Huaxi Holdings Co's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (39.36	+	45.891)	/	2 )	/	147.48	*	365
=	42.6255					/	147.48	*	365
=	105.49

Huaxi Holdings Co's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (45.891	+	34.304)	/	2 )	/	52.811	*	365 / 2
=	40.0975					/	52.811	*	365 / 2
=	138.57

Huaxi Holdings Co (HKSE:01689) 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.

Huaxi Holdings Co's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	52.811	/	40.0975
	=	1.32

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.

Huaxi Holdings Co's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	40.0975	/	70.735
	=	0.57

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.

Huaxi Holdings Co Days Inventory Related Terms

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

Huaxi Holdings Co (HKSE:01689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Huaxi Holdings Co Ltd (HKSE:01689) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4 Wanji North Street, Wanji Industrial District, Guangdong Province, Shantou, CHN

Website

https://www.huaxihds.com.hk

Huaxi Holdings Co Ltd is an investment holding company principally engaged in the manufacture and sale of packaging materials for a cigarette in China. It has two reportable segments: Cigarette Packaging Business and Environmental Treatment Business. The products of the group include tipping papers, inner frame aluminum papers, inner laser paper, cigarette box frame paper, and cigarette trademark labels. Geographically all the activities functioned through China, and generate a vast majority of its revenues from the cigarette packaging business.

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