Pacific Millennium Packaging Group (HKSE:01820) Days Inventory : 25.02 (As of Dec. 2023)

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What is Pacific Millennium Packaging Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Pacific Millennium Packaging Group's Average Total Inventories for the six months ended in Dec. 2023 was HK$131 Mil. Pacific Millennium Packaging Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$954 Mil. Hence, Pacific Millennium Packaging Group's Days Inventory for the six months ended in Dec. 2023 was 25.02.

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

HKSE:01820' s Days Inventory Range Over the Past 10 Years
Min: 25.86 Med: 28.97 Max: 33.89
Current: 25.86

During the past 9 years, Pacific Millennium Packaging Group's highest Days Inventory was 33.89. The lowest was 25.86. And the median was 28.97.

HKSE:01820's Days Inventory is ranked better than
95.64% of 367 companies
in the Packaging & Containers industry
Industry Median: 78.45 vs HKSE:01820: 25.86

Pacific Millennium Packaging Group's Days Inventory declined from Dec. 2022 (25.96) to Dec. 2023 (25.02).

Inventory Turnover measures how fast the company turns over its inventory within a year. Pacific Millennium Packaging Group's Inventory Turnover for the six months ended in Dec. 2023 was 7.29.

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. Pacific Millennium Packaging Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.11.

Pacific Millennium Packaging Group Days Inventory Historical Data

The historical data trend for Pacific Millennium Packaging 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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Pacific Millennium Packaging Group Days Inventory Chart

Pacific Millennium Packaging Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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31.57

33.89

28.79

28.97

26.83

Pacific Millennium Packaging Group 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											28.00	32.41	25.96	25.77	25.02

Competitive Comparison of Pacific Millennium Packaging Group's Days Inventory

For the Packaging & Containers subindustry, Pacific Millennium Packaging 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.

Pacific Millennium Packaging Group's Days Inventory Distribution in the Packaging & Containers Industry

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

* The bar in red indicates where Pacific Millennium Packaging Group's Days Inventory falls into.

Pacific Millennium Packaging Group Days Inventory Calculation

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

Pacific Millennium Packaging 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
=	( (124.495	+	142.6)	/	2 )	/	1816.753	*	365
=	133.5475					/	1816.753	*	365
=	26.83

Pacific Millennium Packaging 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
=	( (119.062	+	142.6)	/	2 )	/	954.19	*	365 / 2
=	130.831					/	954.19	*	365 / 2
=	25.02

Pacific Millennium Packaging Group (HKSE:01820) 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.

Pacific Millennium Packaging Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	954.19	/	130.831
	=	7.29

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.

Pacific Millennium Packaging Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	130.831	/	1154.688
	=	0.11

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.

Pacific Millennium Packaging Group Days Inventory Related Terms

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

Pacific Millennium Packaging Group (HKSE:01820) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Pacific Millennium Packaging Group Corp (HKSE:01820) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 398, Tian Lin Road, A303, 3rd Floor, Block 2, Shanghai, CHN, 200233

Website

http://www.pmpgc.com

Pacific Millennium Packaging Group Corp is an investment holding company engaged in the manufacture and sale of packaging materials. Its product offering includes; Corrugated packaging products like corrugated boxes, pallets, display stands, heavy-duty packaging, specialized packaging products; and Corrugated sheet boards. It caters to different industries such as Food and beverage, Paper and packaging, Non-food-and-beverage-consumables, Supplier chain solutions, E-commerce, Home electronics, and Others include home furniture, computer, and electronic device such as mobile phones, cameras, textiles, machinery, medical products, etc. The company generates the majority of its revenue from China.

Pacific Millennium Packaging Group (HKSE:01820) Headlines

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