Vitasoy International Holdings (HKSE:00345) Days Inventory : 63.33 (As of Sep. 2023)

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What is Vitasoy International Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Vitasoy International Holdings's Average Total Inventories for the six months ended in Sep. 2023 was HK$583 Mil. Vitasoy International Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$1,679 Mil. Hence, Vitasoy International Holdings's Days Inventory for the six months ended in Sep. 2023 was 63.33.

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

HKSE:00345' s Days Inventory Range Over the Past 10 Years
Min: 67.34 Med: 76.89 Max: 80.03
Current: 67.34

During the past 13 years, Vitasoy International Holdings's highest Days Inventory was 80.03. The lowest was 67.34. And the median was 76.89.

HKSE:00345's Days Inventory is ranked better than
60.76% of 1784 companies
in the Consumer Packaged Goods industry
Industry Median: 82.205 vs HKSE:00345: 67.34

Vitasoy International Holdings's Days Inventory declined from Sep. 2022 (63.53) to Sep. 2023 (63.33).

Inventory Turnover measures how fast the company turns over its inventory within a year. Vitasoy International Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 2.88.

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. Vitasoy International Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.17.

Vitasoy International Holdings Days Inventory Historical Data

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

Vitasoy International Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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76.34

72.43

67.52

79.74

77.47

Vitasoy 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															65.30	81.76	63.53	76.35	63.33

Competitive Comparison of Vitasoy International Holdings's Days Inventory

For the Packaged Foods subindustry, Vitasoy 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.

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

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

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

Vitasoy International Holdings Days Inventory Calculation

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

Vitasoy 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
=	( (773.384	+	639.615)	/	2 )	/	3328.763	*	365
=	706.4995					/	3328.763	*	365
=	77.47

Vitasoy 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
=	( (639.615	+	526.065)	/	2 )	/	1679.492	*	365 / 2
=	582.84					/	1679.492	*	365 / 2
=	63.33

Vitasoy International Holdings (HKSE:00345) 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.

Vitasoy 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
	=	1679.492	/	582.84
	=	2.88

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	582.84	/	3391.171
	=	0.17

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.

Vitasoy International Holdings Days Inventory Related Terms

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

Vitasoy International Holdings (HKSE:00345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vitasoy International Holdings Ltd (HKSE:00345) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

VTSYF:USA

Address

Number 1 Kin Wong Street, Tuen Mun, New Territories, Hong Kong, HKG

Website

https://www.vitasoy.com

Vitasoy International Holdings Ltd manufactures and sells tofu, soy and other plant-based milks, dairy milk, juice, and packaged tea and water. Vitasoy's brands include Vitasoy, Vita, Calci-Plus, Sansui, and Unicurd. Its two biggest markets are China and Hong Kong, which collectively account for more than three-quarters of the company's sales. Most remaining sales are generated in North America, Australia, New Zealand, and Singapore, although the company's products are sold in roughly 40 countries worldwide.

Executives

Mitsubishi Ufj Financial Group, Inc.	2201 Interest of corporation controlled by you
Lo Yau Lai Winston	2101 Beneficial owner
Lo Mo Ling Yvonne	2305 Beneficiary of a trust
Fukuda Keiko Aun	2301 Trustee
Lye Christopher	2301 Trustee
Chan Alexandra	2301 Trustee
Cheung Lo Joy	2301 Trustee
Lo Tak Shing, Peter	2301 Trustee
Chan Irene Lo	2301 Trustee
Lo Kai Tun	2301 Trustee

Vitasoy International Holdings (HKSE:00345) Headlines

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