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Asia Cassava Resources Holdings (HKSE:00841) Days Inventory : 66.22 (As of Sep. 2023)


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What is Asia Cassava Resources Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Asia Cassava Resources Holdings's Average Total Inventories for the six months ended in Sep. 2023 was HK$281 Mil. Asia Cassava Resources Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$775 Mil. Hence, Asia Cassava Resources Holdings's Days Inventory for the six months ended in Sep. 2023 was 66.22.

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

HKSE:00841' s Days Inventory Range Over the Past 10 Years
Min: 26.15   Med: 83.39   Max: 143.63
Current: 49.84

During the past 13 years, Asia Cassava Resources Holdings's highest Days Inventory was 143.63. The lowest was 26.15. And the median was 83.39.

HKSE:00841's Days Inventory is ranked better than
75.52% of 1781 companies
in the Consumer Packaged Goods industry
Industry Median: 82.66 vs HKSE:00841: 49.84

Asia Cassava Resources Holdings's Days Inventory increased from Sep. 2022 (63.66) to Sep. 2023 (66.22). It might indicate that Asia Cassava Resources Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Asia Cassava Resources Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 2.76.

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. Asia Cassava Resources Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.33.


Asia Cassava Resources Holdings Days Inventory Historical Data

The historical data trend for Asia Cassava Resources 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.

Asia Cassava Resources Holdings Days Inventory Chart

Asia Cassava Resources 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 143.63 84.74 70.84 90.60 65.35

Asia Cassava Resources 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 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 65.23 58.29 63.66 45.43 66.22

Competitive Comparison of Asia Cassava Resources Holdings's Days Inventory

For the Packaged Foods subindustry, Asia Cassava Resources 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.


Asia Cassava Resources Holdings's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Asia Cassava Resources Holdings's Days Inventory falls into.



Asia Cassava Resources Holdings Days Inventory Calculation

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

Asia Cassava Resources 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
=( (869.181 + 390.831) / 2 ) / 3518.59*365
=630.006 / 3518.59*365
=65.35

Asia Cassava Resources 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
=( (390.831 + 171.856) / 2 ) / 775.399*365 / 2
=281.3435 / 775.399*365 / 2
=66.22

* 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.


Asia Cassava Resources Holdings  (HKSE:00841) 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.

Asia Cassava Resources Holdings's Inventory Turnover for the six 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.

Asia Cassava Resources Holdings's Inventory to Revenue for the six 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.


Asia Cassava Resources Holdings Days Inventory Related Terms

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


Asia Cassava Resources Holdings (HKSE:00841) Business Description

Traded in Other Exchanges
N/A
Address
63 Mody Road, Unit 612-613, 6th Floor, Houston Centre, Tsim Sha Tsui East, Kowloon, Hong Kong, HKG
Asia Cassava Resources Holdings Ltd is an investment holding company, which engages in the trade of dried cassava chips. It operates through the following segments: Procurement and Sale of Dried Cassava Chips; Property Investment; and Hotel Operations. The Procurement and Sale of Dried Cassava Chips segment which generates majority revenue offer procurement and sale of dried cassava chips. The Property Investment segment invests in office space and industrial properties for its rental income potential. The Hotel Operations segment involves in hotel operations in the People's Republic of China. The company operates in four geographical markets Hong Kong, Mainland China, Laos and Thailand out of which Mainland China acts as a major revenue contributor.

Asia Cassava Resources Holdings (HKSE:00841) Headlines

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