EEKA Fashion Holdings (HKSE:03709) Days Inventory : 213.69 (As of Dec. 2023)

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What is EEKA Fashion Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). EEKA Fashion Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$1,128 Mil. EEKA Fashion Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$963 Mil. Hence, EEKA Fashion Holdings's Days Inventory for the six months ended in Dec. 2023 was 213.69.

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

HKSE:03709' s Days Inventory Range Over the Past 10 Years
Min: 166.55 Med: 227.64 Max: 267.77
Current: 221.47

During the past 11 years, EEKA Fashion Holdings's highest Days Inventory was 267.77. The lowest was 166.55. And the median was 227.64.

HKSE:03709's Days Inventory is ranked worse than
80.84% of 1070 companies
in the Retail - Cyclical industry
Industry Median: 110.87 vs HKSE:03709: 221.47

EEKA Fashion Holdings's Days Inventory declined from Dec. 2022 (257.19) to Dec. 2023 (213.69).

Inventory Turnover measures how fast the company turns over its inventory within a year. EEKA Fashion Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 0.85.

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. EEKA Fashion Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.29.

EEKA Fashion Holdings Days Inventory Historical Data

The historical data trend for EEKA Fashion Holdings'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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EEKA Fashion Holdings Days Inventory Chart

EEKA Fashion Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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180.03

166.55

181.66

267.77

234.94

EEKA Fashion Holdings 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															183.46	231.19	257.19	215.85	213.69

Competitive Comparison of EEKA Fashion Holdings's Days Inventory

For the Apparel Retail subindustry, EEKA Fashion Holdings'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.

EEKA Fashion Holdings's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, EEKA Fashion Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where EEKA Fashion Holdings's Days Inventory falls into.

EEKA Fashion Holdings Days Inventory Calculation

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

EEKA Fashion Holdings'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
=	( (1143.473	+	1260.586)	/	2 )	/	1867.423	*	365
=	1202.0295					/	1867.423	*	365
=	234.94

EEKA Fashion Holdings'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
=	( (995.217	+	1260.586)	/	2 )	/	963.293	*	365 / 2
=	1127.9015					/	963.293	*	365 / 2
=	213.69

EEKA Fashion Holdings (HKSE:03709) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	963.293	/	1127.9015
	=	0.85

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1127.9015	/	3906.327
	=	0.29

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.

EEKA Fashion Holdings Days Inventory Related Terms

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

EEKA Fashion Holdings (HKSE:03709) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » EEKA Fashion Holdings Ltd (HKSE:03709) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Terra 4th Road, 26thFloor, B Block, Terra Licheng Building, Futian District, Guangdong Province, Shenzhen, CHN, 518040

Website

http://www.eekagroup.com

EEKA Fashion Holdings Ltd is a women's clothing manufacturer and retailer in China. Its high-end Koradior, La Koradior and Koradior Elsewhere brands target women between 30 and 45 years old with dresses, skirts, trousers, shirts, knitwear, vests, jackets, overcoats, scarves, and accessories. The vast majority of its sales are direct to customers through company-operated retail stores. The company also sells its items through third-party e-commerce platforms and through distributor-operated retail stores. Virtually all of its revenue is generated in China.

EEKA Fashion Holdings (HKSE:03709) Headlines

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