Zhengwei Group Holdings Co (HKSE:02147) Days Inventory : 94.22 (As of Dec. 2023)

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What is Zhengwei Group Holdings Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zhengwei Group Holdings Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$96.4 Mil. Zhengwei Group Holdings Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$186.8 Mil. Hence, Zhengwei Group Holdings Co's Days Inventory for the six months ended in Dec. 2023 was 94.22.

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

HKSE:02147' s Days Inventory Range Over the Past 10 Years
Min: 109.81 Med: 148.87 Max: 159.31
Current: 109.81

During the past 5 years, Zhengwei Group Holdings Co's highest Days Inventory was 159.31. The lowest was 109.81. And the median was 148.87.

HKSE:02147's Days Inventory is ranked worse than
64.91% of 1784 companies
in the Consumer Packaged Goods industry
Industry Median: 82.205 vs HKSE:02147: 109.81

Zhengwei Group Holdings Co's Days Inventory declined from Dec. 2022 (141.11) to Dec. 2023 (94.22).

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhengwei Group Holdings Co's Inventory Turnover for the six months ended in Dec. 2023 was 1.94.

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. Zhengwei Group Holdings Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.35.

Zhengwei Group Holdings Co Days Inventory Historical Data

The historical data trend for Zhengwei Group Holdings Co'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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Zhengwei Group Holdings Co Days Inventory Chart

Zhengwei Group Holdings Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

113.31

148.87

157.54

159.31

116.89

Zhengwei Group Holdings Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			149.05	168.30	141.11	122.46	94.22

Competitive Comparison of Zhengwei Group Holdings Co's Days Inventory

For the Packaged Foods subindustry, Zhengwei Group Holdings Co'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.

Zhengwei Group Holdings Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Zhengwei Group Holdings Co's Days Inventory distribution charts can be found below:

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

Zhengwei Group Holdings Co Days Inventory Calculation

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

Zhengwei Group Holdings Co'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
=	( (101.254	+	107.488)	/	2 )	/	325.896	*	365
=	104.371					/	325.896	*	365
=	116.89

Zhengwei Group Holdings Co'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
=	( (85.398	+	107.488)	/	2 )	/	186.811	*	365 / 2
=	96.443					/	186.811	*	365 / 2
=	94.22

Zhengwei Group Holdings Co (HKSE:02147) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	186.811	/	96.443
	=	1.94

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	96.443	/	277.264
	=	0.35

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.

Zhengwei Group Holdings Co Days Inventory Related Terms

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

Zhengwei Group Holdings Co (HKSE:02147) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zhengwei Group Holdings Co Ltd (HKSE:02147) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

487 Yuhu Road, Xiaolan Economic Development Zone, Nanchang, CHN

Website

https://www.zhengwei100.com

Zhengwei Group Holdings Co Ltd produces dry food and snacks, and secondarily trades related products. It produces and sells a variety of snacks (including ready-to-eat vegetarian snacks and meat snacks), such as crispy bamboo shoots and roast necks; and packaged dry goods such as mushrooms, dried aquatic products, seaweed, grains, and seasonings in China. The majority of revenue is derived from the Snacks segment. It has two operating segments Manufacturing & trading, out of which the majority is from the manufacturing segment. Geographically, the majority is from PRC.

Executives

Lin Qiu Yun	2101 Beneficial owner
Yang Shengyao	2201 Interest of corporation controlled by you
Shengyao Investment Group Limited	2101 Beneficial owner
Nan Chang Xian Wen Hua Lv You Tou Zi You Xian Gong Si	2101 Beneficial owner
Nan Chang Xian Ke Ji He Gong Ye Xun Xi Hua Ju	2201 Interest of corporation controlled by you
Lin Qiuyun	2201 Interest of corporation controlled by you
Trendy Peak International Limited	2101 Beneficial owner
Prosperous Season Group Limited	2101 Beneficial owner
Best Talent Venture Holdings Limited	2101 Beneficial owner
Chang Nan Financial Control Limited	2101 Beneficial owner
Pluto Universal Holdings Limited	2101 Beneficial owner
Lei Junfeng	2201 Interest of corporation controlled by you
Li Hui	2201 Interest of corporation controlled by you
Nan Chang Shi Tong Li Qi Ye Guan Li Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Nan Chang Xian Chang Nan Jin Kong Ji Jin Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you

Zhengwei Group Holdings Co (HKSE:02147) Headlines

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