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Guoquan Food (Shanghai) Co (HKSE:02517) Days Inventory : 68.83 (As of Dec. 2023)


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What is Guoquan Food (Shanghai) Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Guoquan Food (Shanghai) Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$978 Mil. Guoquan Food (Shanghai) Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$5,188 Mil. Hence, Guoquan Food (Shanghai) Co's Days Inventory for the six months ended in Dec. 2023 was 34.41.

The historical rank and industry rank for Guoquan Food (Shanghai) Co's Days Inventory or its related term are showing as below:

HKSE:02517' s Days Inventory Range Over the Past 10 Years
Min: 52.59   Med: 65.51   Max: 89.55
Current: 68.83

During the past 4 years, Guoquan Food (Shanghai) Co's highest Days Inventory was 89.55. The lowest was 52.59. And the median was 65.51.

HKSE:02517's Days Inventory is ranked better than
59.69% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 82.33 vs HKSE:02517: 68.83

Guoquan Food (Shanghai) Co's Days Inventory increased from Dec. 2021 (62.19) to Dec. 2023 (68.83). It might indicate that Guoquan Food (Shanghai) Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Guoquan Food (Shanghai) Co's Inventory Turnover for the six months ended in Dec. 2023 was 5.30.

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. Guoquan Food (Shanghai) Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.15.

Guoquan Food (Shanghai) Co Days Inventory Historical Data

The historical data trend for Guoquan Food (Shanghai) 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.

* Premium members only.

Guoquan Food (Shanghai) Co Days Inventory Chart

Guoquan Food (Shanghai) Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Days Inventory
89.55 62.19 52.59 68.83

Guoquan Food (Shanghai) Co Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
Days Inventory 89.55 62.19 52.59 68.83

Competitive Comparison of Guoquan Food (Shanghai) Co's Days Inventory

For the Packaged Foods subindustry, Guoquan Food (Shanghai) 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.

Guoquan Food (Shanghai) Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Guoquan Food (Shanghai) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Guoquan Food (Shanghai) Co's Days Inventory falls into.


Guoquan Food (Shanghai) Co Days Inventory Calculation

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

Guoquan Food (Shanghai) 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
=( (1169.651 + 786.99) / 2 ) / 5187.971*365
=978.3205 / 5187.971*365
=68.83

Guoquan Food (Shanghai) 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: Dec. 2022 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (1169.651 + 786.99) / 2 ) / 5187.971*365 / 2
=978.3205 / 5187.971*365 / 2
=34.41

* 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.

Guoquan Food (Shanghai) Co  (HKSE:02517) 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.

Guoquan Food (Shanghai) Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=5187.971 / 978.3205
=5.30

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.

Guoquan Food (Shanghai) Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=978.3205 / 6665.602
=0.15

* 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.

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.

Guoquan Food (Shanghai) Co Days Inventory Related Terms

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Guoquan Food (Shanghai) Co (HKSE:02517) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Guoquan Food (Shanghai) Co Ltd (HKSE:02517) » Definitions » Days Inventory
Comparable Companies
Traded in Other Exchanges
N/A
Address
Lane 187, Xinghong Road, Room 802, No. 3, Minhang, Shanghai, CHN
Website
http://www.zzgqsh.com
Guoquan Food (Shanghai) Co Ltd is the leading and rapidly growing home meal products brand in China. It offers a variety of ready-to-eat, ready-to-heat, ready-to-cook and prepared ingredients, with a focus on at-home hotpot and barbecue products. With a carefully curated product portfolio and an extensive network of community-based stores, it enables consumers to enjoy meals at home with convenience, affordability and tastiness. Leveraging its robust supply chain and production capabilities, The company offers a wide variety of home meal products under the Guoquan Shihui brand through a nationwide network of 9,844 retail stores in China, serving diverse dining scenarios.

Guoquan Food (Shanghai) Co (HKSE:02517) Headlines

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