China Apex Group (HKSE:02011) Days Inventory : 64.96 (As of Dec. 2023)

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What is China Apex Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Apex Group's Average Total Inventories for the six months ended in Dec. 2023 was HK$26.8 Mil. China Apex Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$75.2 Mil. Hence, China Apex Group's Days Inventory for the six months ended in Dec. 2023 was 64.96.

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

HKSE:02011' s Days Inventory Range Over the Past 10 Years
Min: 56.04 Med: 64.49 Max: 82.36
Current: 67.91

During the past 13 years, China Apex Group's highest Days Inventory was 82.36. The lowest was 56.04. And the median was 64.49.

HKSE:02011's Days Inventory is ranked better than
78.66% of 1012 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.41 vs HKSE:02011: 67.91

China Apex Group's Days Inventory declined from Dec. 2022 (100.78) to Dec. 2023 (64.96).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Apex Group's Inventory Turnover for the six months ended in Dec. 2023 was 2.81.

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. China Apex Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.19.

China Apex Group Days Inventory Historical Data

The historical data trend for China Apex 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.

* Premium members only.

China Apex Group Days Inventory Chart

China Apex Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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70.41

82.36

62.76

80.52

70.91

China Apex 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															66.99	69.67	100.78	67.75	64.96

Competitive Comparison of China Apex Group's Days Inventory

For the Apparel Manufacturing subindustry, China Apex 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.

China Apex Group's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Apex Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Apex Group's Days Inventory falls into.

China Apex Group Days Inventory Calculation

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

China Apex 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
=	( (33.527	+	27.09)	/	2 )	/	156.008	*	365
=	30.3085					/	156.008	*	365
=	70.91

China Apex 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
=	( (26.455	+	27.09)	/	2 )	/	75.216	*	365 / 2
=	26.7725					/	75.216	*	365 / 2
=	64.96

China Apex Group (HKSE:02011) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	75.216	/	26.7725
	=	2.81

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	26.7725	/	143.162
	=	0.19

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.

China Apex Group Days Inventory Related Terms

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

China Apex Group (HKSE:02011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Apex Group Ltd (HKSE:02011) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nine Queen’s Road Central, Suite 10A and 10B, 15th Floor, Central, Hong Kong, HKG

Website

https://www.irasia.com/listco/hk/chinaapex/index.h

China Apex Group Ltd is an investment holding company. The principal activities of the company consist of designing, manufacturing, and sale of Finished zippers and sliders, and other products. The company's segment consists of Zippers (Mainland China); and Zippers (Overseas). The majority of the revenue is derived from the Zippers (Mainland China) segment that manufactures zippers products and mainly sells to customers in Mainland China. Its activities are mainly carried out in Guangdong, Zhejiang, and Jingmen.

Executives

China Sun Corporation	2101 Beneficial owner
Qiu Chuanzhi	2201 Interest of corporation controlled by you
Central Eagle Limited	2101 Beneficial owner
Wu Jingming	2201 Interest of corporation controlled by you
Chan Ho Yin	2501 Other
Li Kin Long Kenny	2501 Other
Yip Siu Lun Dave	2101 Beneficial owner
Golden Diamond Inc.	2101 Beneficial owner
Lin Ping	2201 Interest of corporation controlled by you
Mak Yung Pan Andrew	2201 Interest of corporation controlled by you
Zhuang Weidong	2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Farco Holdings Limited	2101 Beneficial owner
Qi Wei	2201 Interest of corporation controlled by you

China Apex Group (HKSE:02011) Headlines

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