Days Inventory is also known as Days Sales of Inventory (DSI). Bortex Global's Average Total Inventories for the
three
months ended in Oct. 2023 was HK$52.90 Mil. Bortex Global's Cost of Goods Sold for the
three
months ended in Oct. 2023 was HK$1.65 Mil.
Hence, Bortex Global's Days Inventory for the
three
months ended in Oct. 2023 was 2,923.98.
The historical rank and industry rank for Bortex Global's Days Inventory or its related term are showing as below:
HKSE:08118'
s Days Inventory Range Over the Past 10 Years
Min: 80.41 Med: 112.74 Max: 586.14
Current: 586.14
During the past 9 years, Bortex Global's highest Days Inventory was 586.14. The lowest was 80.41. And the median was 112.74.
HKSE:08118's Days Inventory is ranked worse than 96.77% of 403
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 104.38
vs HKSE:08118: 586.14
Bortex Global's Days Inventory
increased
from Oct. 2022 (968.66) to Oct. 2023 (2,923.98).
It might indicate that Bortex Global's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Bortex Global's Inventory Turnover for the
three
months ended in Oct. 2023 was 0.03.
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.
Bortex Global's Inventory-to-Revenue for the
three
months ended in Oct. 2023 was 26.68.
Bortex Global Days Inventory Historical Data
The historical data trend for Bortex Global'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.
Competitive Comparison of Bortex Global's Days Inventory
For the Furnishings, Fixtures & Appliances subindustry, Bortex Global'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.
Bortex Global's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Bortex Global's Days Inventory distribution charts can be found below:
* The bar in red indicates where Bortex Global's Days Inventory falls into.
Bortex Global Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Bortex Global's Days Inventory for the fiscal year that ended in Apr. 2023 is calculated as
* 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.
Bortex Global (HKSE:08118) 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.
Bortex Global's Inventory Turnover for the
three
months ended in Oct. 2023 is calculated as
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.
Bortex Global's Inventory to Revenue for the
three
months ended in Oct. 2023 is calculated as
* 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.
Bortex Global Days Inventory Related Terms
Thank you for viewing the detailed overview of Bortex Global's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Bortex Global Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the designing, trading, and manufacturing of Light Emitting Diode(LED) lighting products. Its LEDs are bifurcated into LED decorative lighting and LED luminaire lighting, out of which the majority of the revenue is generated from the LED decorative lighting. Its geographical segments include Canada, the United States, PRC, Hong Kong, and others.
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