Forward Fashion (International) Holdings Co (HKSE:02528) Days Inventory : 190.61 (As of Dec. 2023)

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What is Forward Fashion (International) Holdings Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Forward Fashion (International) Holdings Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$282 Mil. Forward Fashion (International) Holdings Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$270 Mil. Hence, Forward Fashion (International) Holdings Co's Days Inventory for the six months ended in Dec. 2023 was 190.61.

The historical rank and industry rank for Forward Fashion (International) Holdings Co's Days Inventory or its related term are showing as below:

HKSE:02528' s Days Inventory Range Over the Past 10 Years
Min: 176.46 Med: 194.87 Max: 254.77
Current: 188.84

During the past 8 years, Forward Fashion (International) Holdings Co's highest Days Inventory was 254.77. The lowest was 176.46. And the median was 194.87.

HKSE:02528's Days Inventory is ranked worse than
74.21% of 1070 companies
in the Retail - Cyclical industry
Industry Median: 110.87 vs HKSE:02528: 188.84

Forward Fashion (International) Holdings Co's Days Inventory declined from Dec. 2022 (193.40) to Dec. 2023 (190.61).

Inventory Turnover measures how fast the company turns over its inventory within a year. Forward Fashion (International) Holdings Co's Inventory Turnover for the six months ended in Dec. 2023 was 0.96.

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. Forward Fashion (International) Holdings Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.56.

Forward Fashion (International) Holdings Co Days Inventory Historical Data

The historical data trend for Forward Fashion (International) 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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Forward Fashion (International) Holdings Co Days Inventory Chart

Forward Fashion (International) Holdings Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

182.41

254.77

176.46

192.92

196.81

Forward Fashion (International) Holdings Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial								179.92	190.49	193.40	179.09	190.61

Competitive Comparison of Forward Fashion (International) Holdings Co's Days Inventory

For the Apparel Retail subindustry, Forward Fashion (International) 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.

Forward Fashion (International) Holdings Co's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Forward Fashion (International) Holdings Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Forward Fashion (International) Holdings Co's Days Inventory falls into.

Forward Fashion (International) Holdings Co Days Inventory Calculation

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

Forward Fashion (International) 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
=	( (274.114	+	308.219)	/	2 )	/	539.996	*	365
=	291.1665					/	539.996	*	365
=	196.81

Forward Fashion (International) 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
=	( (255.787	+	308.219)	/	2 )	/	269.998	*	365 / 2
=	282.003					/	269.998	*	365 / 2
=	190.61

Forward Fashion (International) Holdings Co (HKSE:02528) 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.

Forward Fashion (International) 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
	=	269.998	/	282.003
	=	0.96

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.

Forward Fashion (International) Holdings Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	282.003	/	502.376
	=	0.56

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.

Forward Fashion (International) Holdings Co Days Inventory Related Terms

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

Forward Fashion (International) Holdings Co (HKSE:02528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Forward Fashion (International) Holdings Co Ltd (HKSE:02528) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Gateway, Harbour City, Suite 1204, 12th Floor, Tower 6, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.forward-fashion.com

Forward Fashion (International) Holdings Co Ltd is engaged in the retail of fashion apparel of international brands ranging from designer label brands, and popular brands to up-and-coming brands in Greater China. Its brands include UM, UM IXOX, and IXOX. It has opened mono-brand stores in Greater China for the brands BLACK BARRETT, CK CALVIN KLEIN, Calvin Klein Jeans, Calvin Klein Performance, Calvin Klein Underwear, EA7, Ed Hardy, Hogan, Moschino, Neil Barrett, Philipp Plein, Tommy Hilfiger and Under Armour. It has a business presence in Mainland China, Macau, Hong Kong, and Other regions.

Forward Fashion (International) Holdings Co (HKSE:02528) Headlines

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