Days Inventory is also known as Days Sales of Inventory (DSI). Li Ning Co's Average Total Inventories for the
six
months ended in Dec. 2023 was HK$2,523 Mil. Li Ning Co's Cost of Goods Sold for the
six
months ended in Dec. 2023 was HK$7,729 Mil.
Hence, Li Ning Co's Days Inventory for the
six
months ended in Dec. 2023 was 59.57.
The historical rank and industry rank for Li Ning Co's Days Inventory or its related term are showing as below:
HKSE:02331'
s Days Inventory Range Over the Past 10 Years
Min: 52.93 Med: 73.69 Max: 123.3
Current: 60.56
During the past 13 years, Li Ning Co's highest Days Inventory was 123.30. The lowest was 52.93. And the median was 73.69.
HKSE:02331's Days Inventory is ranked worse than 58.83% of 668
companies
in the Travel & Leisure industry
Industry Median: 36.44
vs HKSE:02331: 60.56
Li Ning Co's Days Inventory
increased
from Dec. 2022 (57.78) to Dec. 2023 (59.57).
It might indicate that Li Ning Co's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Li Ning Co's Inventory Turnover for the
six
months ended in Dec. 2023 was 3.06.
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.
Li Ning Co's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.17.
Li Ning Co Days Inventory Historical Data
The historical data trend for Li Ning 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.
Competitive Comparison of Li Ning Co's Days Inventory
For the Leisure subindustry, Li Ning 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.
Li Ning Co's Days Inventory Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Li Ning Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Li Ning Co's Days Inventory falls into.
Li Ning Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Li Ning Co's Days Inventory for the fiscal year that ended in Dec. 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.
Li Ning Co (HKSE:02331) 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.
Li Ning Co's Inventory Turnover for the
six
months ended in Dec. 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.
Li Ning Co's Inventory to Revenue for the
six
months ended in Dec. 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.
Li Ning Co Days Inventory Related Terms
Thank you for viewing the detailed overview of Li Ning Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Established in 1989, Li Ning is one of the largest sportswear companies in China. Headquartered in Beijing, Li Ning mainly sells professional and leisure footwear and apparel under the Li Ning brand. Despite having a single-brand strategy, Li Ning launched multiple sub-brands (such as China Li Ning and Li Ning 1990) to appeal to different demographics. As of the end of 2021, the company had 7,137 stores in China, of which 1,232 were directly operated, and 5,905 were franchised.
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