Fenbi (HKSE:02469) Days Inventory : 20.79 (As of Dec. 2023)

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What is Fenbi Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Fenbi's Average Total Inventories for the six months ended in Dec. 2023 was HK$78 Mil. Fenbi's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$683 Mil. Hence, Fenbi's Days Inventory for the six months ended in Dec. 2023 was 20.79.

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

HKSE:02469' s Days Inventory Range Over the Past 10 Years
Min: 11.19 Med: 19.76 Max: 30.79
Current: 19.99

During the past 5 years, Fenbi's highest Days Inventory was 30.79. The lowest was 11.19. And the median was 19.76.

HKSE:02469's Days Inventory is ranked worse than
69.87% of 156 companies
in the Education industry
Industry Median: 8.17 vs HKSE:02469: 19.99

Fenbi's Days Inventory declined from Dec. 2022 (25.03) to Dec. 2023 (20.79).

Inventory Turnover measures how fast the company turns over its inventory within a year. Fenbi's Inventory Turnover for the six months ended in Dec. 2023 was 8.78.

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. Fenbi's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.05.

Fenbi Days Inventory Historical Data

The historical data trend for Fenbi'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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Fenbi Days Inventory Chart

Fenbi Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

30.79

13.70

11.19

23.97

19.76

Fenbi Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			15.53	21.54	25.03	19.60	20.79

Competitive Comparison of Fenbi's Days Inventory

For the Education & Training Services subindustry, Fenbi'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.

Fenbi's Days Inventory Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Fenbi's Days Inventory distribution charts can be found below:

* The bar in red indicates where Fenbi's Days Inventory falls into.

Fenbi Days Inventory Calculation

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

Fenbi'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
=	( (105.164	+	66.706)	/	2 )	/	1587.615	*	365
=	85.935					/	1587.615	*	365
=	19.76

Fenbi'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
=	( (89.038	+	66.706)	/	2 )	/	683.439	*	365 / 2
=	77.872					/	683.439	*	365 / 2
=	20.79

Fenbi (HKSE:02469) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	683.439	/	77.872
	=	8.78

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	77.872	/	1464.554
	=	0.05

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.

Fenbi Days Inventory Related Terms

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

Fenbi (HKSE:02469) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Fenbi Ltd (HKSE:02469) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jiuxianqiao North Road, Room 601, 1-6th Floor, Building 103, No. 10 Courtyard, Chaoyang District, Beijing, CHN

Website

https://www.fenbi.com

Fenbi Ltd operates as a non-formal vocational education and training (VET) service provider in China. The company is a career test preparation service provider in China, providing a comprehensive suite of recruitment and qualification examination tutoring courses for adult students pursuing careers in government-sponsored institutions and a number of professions and industries. It helps college graduates excel in the competitive selection process administered by governmental institutions, and help professionals obtain the relevant qualifications.

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