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Sino Golf Holdings (HKSE:00361) Days Inventory : 45.91 (As of Dec. 2023)


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What is Sino Golf Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sino Golf Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$20.8 Mil. Sino Golf Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$82.7 Mil. Hence, Sino Golf Holdings's Days Inventory for the six months ended in Dec. 2023 was 45.91.

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

HKSE:00361' s Days Inventory Range Over the Past 10 Years
Min: 36.43   Med: 101.92   Max: 220.47
Current: 46.49

During the past 13 years, Sino Golf Holdings's highest Days Inventory was 220.47. The lowest was 36.43. And the median was 101.92.

HKSE:00361's Days Inventory is ranked worse than
55.37% of 670 companies
in the Travel & Leisure industry
Industry Median: 35.9 vs HKSE:00361: 46.49

Sino Golf Holdings's Days Inventory increased from Dec. 2022 (32.58) to Dec. 2023 (45.91). It might indicate that Sino Golf Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sino Golf Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 3.97.

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. Sino Golf Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.20.


Sino Golf Holdings Days Inventory Historical Data

The historical data trend for Sino Golf 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.

Sino Golf Holdings Days Inventory Chart

Sino Golf Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 81.14 95.94 57.54 36.43 43.96

Sino Golf Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 44.53 34.47 32.58 49.52 45.91

Competitive Comparison of Sino Golf Holdings's Days Inventory

For the Leisure subindustry, Sino Golf 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.


Sino Golf Holdings's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Sino Golf Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sino Golf Holdings's Days Inventory falls into.



Sino Golf Holdings Days Inventory Calculation

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

Sino Golf Holdings'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
=( (22.744 + 17.814) / 2 ) / 168.375*365
=20.279 / 168.375*365
=43.96

Sino Golf Holdings'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
=( (23.775 + 17.814) / 2 ) / 82.657*365 / 2
=20.7945 / 82.657*365 / 2
=45.91

* 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.


Sino Golf Holdings  (HKSE:00361) 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.

Sino Golf Holdings'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.

Sino Golf Holdings'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.


Sino Golf Holdings Days Inventory Related Terms

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


Sino Golf Holdings (HKSE:00361) Business Description

Traded in Other Exchanges
N/A
Address
11 Hoi Shing Road, Room 4501, One Midtown, Tsuen Wan, Hong Kong, HKG
Sino Golf Holdings Ltd is an investment holding company. The principal activities of the group are manufacturing and trading golf equipment, golf bags, and accessories and the development of integrated resorts in the Commonwealth of the Northern Mariana Islands. The company's operating segments are Golf equipment which is involved in the Manufacture and sales of golf equipment and related components and parts; Golf bags which is involved in the manufacture and sales of golf bags, other accessories, and related components and parts; and Hospitality is involved in the development of the integrated resort in the CNMI. Geographically, the group has a business presence in North America, Japan, Europe, Asia, and Other countries.
Executives
So Kit Yee Anita 2501 Other
Lau Wun Man 2501 Other
Surplus Excel Limited 2101 Beneficial owner
Prominent Victory Limited 2201 Interest of corporation controlled by you
Wealth Sailor Limited 2101 Beneficial owner
Huang Youlong 2201 Interest of corporation controlled by you
Zhao Wei 2202 Interest of your spouse
China Huarong International Holdings Ltd 2201 Interest of corporation controlled by you
Wise Choice Ventures Limited 2106 Person having a security interest in shares
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you

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