MS Group Holdings (HKSE:01451) Days Inventory : 67.60 (As of Dec. 2023)

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What is MS Group Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MS Group Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$30.7 Mil. MS Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$82.7 Mil. Hence, MS Group Holdings's Days Inventory for the six months ended in Dec. 2023 was 67.60.

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

HKSE:01451' s Days Inventory Range Over the Past 10 Years
Min: 65.37 Med: 81.01 Max: 95.8
Current: 76.86

During the past 9 years, MS Group Holdings's highest Days Inventory was 95.80. The lowest was 65.37. And the median was 81.01.

HKSE:01451's Days Inventory is ranked better than
51.23% of 367 companies
in the Packaging & Containers industry
Industry Median: 77.89 vs HKSE:01451: 76.86

MS Group Holdings's Days Inventory declined from Dec. 2022 (101.33) to Dec. 2023 (67.60).

Inventory Turnover measures how fast the company turns over its inventory within a year. MS Group Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 2.70.

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. MS Group Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.25.

MS Group Holdings Days Inventory Historical Data

The historical data trend for MS Group 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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MS Group Holdings Days Inventory Chart

MS Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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78.46

75.87

65.37

81.01

89.73

MS Group Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial											63.79	65.30	101.33	73.49	67.60

Competitive Comparison of MS Group Holdings's Days Inventory

For the Packaging & Containers subindustry, MS Group 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.

MS Group Holdings's Days Inventory Distribution in the Packaging & Containers Industry

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

* The bar in red indicates where MS Group Holdings's Days Inventory falls into.

MS Group Holdings Days Inventory Calculation

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

MS Group 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
=	( (39.057	+	39.054)	/	2 )	/	158.865	*	365
=	39.0555					/	158.865	*	365
=	89.73

MS Group 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
=	( (22.246	+	39.054)	/	2 )	/	82.749	*	365 / 2
=	30.65					/	82.749	*	365 / 2
=	67.60

MS Group Holdings (HKSE:01451) 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.

MS Group Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	82.749	/	30.65
	=	2.70

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.

MS Group Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	30.65	/	120.827
	=	0.25

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.

MS Group Holdings Days Inventory Related Terms

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

MS Group Holdings (HKSE:01451) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » MS Group Holdings Ltd (HKSE:01451) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Sheung Yuet Road, Room 907, 9th Floor, Enterprise Square Tower 1, Kowloon Bay, Hong Kong, HKG

Website

http://www.mainsuccess.cn

MS Group Holdings Ltd produces and sells plastic bottles and baby feeding accessories. Its operating segments are the OEM business which comprises the production and sales of plastic bottles and cups for infants and toddlers and plastic sports bottles on an OEM basis predominately for the overseas markets; and the Yo Yo Monkey Business, which comprises the production and sales of infant and toddler products, particularly plastic bottles and cups, under the brand developed by the Group and known as Yo Yo Monkey, principally for the PRC market, and the majority of the revenue comes from the OEM business. Its revenue is mainly derived from the United States of America; also has a presence in the Netherlands, Italy, the PRC, and other countries.

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