Wisdom Sports Group (HKSE:01661) Days Inventory : 6.01 (As of Dec. 2023)

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What is Wisdom Sports Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Wisdom Sports Group's Average Total Inventories for the six months ended in Dec. 2023 was HK$1.09 Mil. Wisdom Sports Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$33.09 Mil. Hence, Wisdom Sports Group's Days Inventory for the six months ended in Dec. 2023 was 6.01.

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

HKSE:01661' s Days Inventory Range Over the Past 10 Years
Min: 4.57 Med: 40.62 Max: 561.67
Current: 17.59

During the past 12 years, Wisdom Sports Group's highest Days Inventory was 561.67. The lowest was 4.57. And the median was 40.62.

HKSE:01661's Days Inventory is ranked better than
57.3% of 651 companies
in the Media - Diversified industry
Industry Median: 26.06 vs HKSE:01661: 17.59

Wisdom Sports Group's Days Inventory declined from Dec. 2022 (479.45) to Dec. 2023 (6.01).

Inventory Turnover measures how fast the company turns over its inventory within a year. Wisdom Sports Group's Inventory Turnover for the six months ended in Dec. 2023 was 30.36.

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. Wisdom Sports Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.03.

Wisdom Sports Group Days Inventory Historical Data

The historical data trend for Wisdom Sports Group'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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Wisdom Sports Group Days Inventory Chart

Wisdom Sports Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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6.47

87.52

63.64

561.67

17.59

Wisdom Sports Group 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															35.64	634.47	479.45	141.49	6.01

Competitive Comparison of Wisdom Sports Group's Days Inventory

For the Entertainment subindustry, Wisdom Sports Group'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.

Wisdom Sports Group's Days Inventory Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Wisdom Sports Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Wisdom Sports Group's Days Inventory falls into.

Wisdom Sports Group Days Inventory Calculation

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

Wisdom Sports Group'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
=	( (2.398	+	1.09)	/	2 )	/	36.186	*	365
=	1.744					/	36.186	*	365
=	17.59

Wisdom Sports Group'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
=	( (0	+	1.09)	/	1 )	/	33.093	*	365 / 2
=	1.09					/	33.093	*	365 / 2
=	6.01

Wisdom Sports Group (HKSE:01661) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	33.093	/	1.09
	=	30.36

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.09	/	32.455
	=	0.03

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.

Wisdom Sports Group Days Inventory Related Terms

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

Wisdom Sports Group (HKSE:01661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Wisdom Sports Group (HKSE:01661) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16, Xinyuanli Road, 7th Floor, Block 1, Kunsuo Center, Chaoyang District, Beijing, CHN, 100027

Website

https://www.wisdomsports.com.cn

Wisdom Sports Group engages in the diversified media industry and provides event services, operations, and branding services in China. The company is divided into two business segments: the Wisdom Events segment and the Wisdom Program and Branding segment. The Wisdom Events segment organizes and promotes various international and domestic sporting events. The Wisdom Program and Branding segment focuses primarily on the production, distribution, and advertisement of televised sporting events.

Executives

Ren Guozun (alias: Wen)	2201 Interest of corporation controlled by you
Hknd Limited	2101 Beneficial owner
Wang Zhihan	2201 Interest of corporation controlled by you
Queen Media Co., Ltd.	2101 Beneficial owner
Nd Medical Technology Limited	2101 Beneficial owner
Wu Meizhen	2201 Interest of corporation controlled by you

Wisdom Sports Group (HKSE:01661) Headlines

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