MS Concept (HKSE:08447) Days Inventory : 2.77 (As of Sep. 2023)

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What is MS Concept Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MS Concept's Average Total Inventories for the three months ended in Sep. 2023 was HK$0.6 Mil. MS Concept's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$20.0 Mil. Hence, MS Concept's Days Inventory for the three months ended in Sep. 2023 was 2.77.

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

HKSE:08447' s Days Inventory Range Over the Past 10 Years
Min: 2.22 Med: 3.16 Max: 4.36
Current: 2.99

During the past 8 years, MS Concept's highest Days Inventory was 4.36. The lowest was 2.22. And the median was 3.16.

HKSE:08447's Days Inventory is ranked better than
92.54% of 335 companies
in the Restaurants industry
Industry Median: 15.57 vs HKSE:08447: 2.99

MS Concept's Days Inventory declined from Sep. 2022 (2.90) to Sep. 2023 (2.77).

Inventory Turnover measures how fast the company turns over its inventory within a year. MS Concept's Inventory Turnover for the three months ended in Sep. 2023 was 32.95.

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. MS Concept's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.01.

MS Concept Days Inventory Historical Data

The historical data trend for MS Concept'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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MS Concept Days Inventory Chart

MS Concept Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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2.99

2.68

3.42

2.48

2.22

MS Concept Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															2.90	3.11	2.96	3.02	2.77

Competitive Comparison of MS Concept's Days Inventory

For the Restaurants subindustry, MS Concept'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.

MS Concept's Days Inventory Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, MS Concept's Days Inventory distribution charts can be found below:

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

MS Concept Days Inventory Calculation

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

MS Concept's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.412	+	0.677)	/	2 )	/	89.41	*	365
=	0.5445					/	89.41	*	365
=	2.22

MS Concept's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	0.607)	/	1 )	/	20	*	365 / 4
=	0.607					/	20	*	365 / 4
=	2.77

MS Concept (HKSE:08447) 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.

MS Concept's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	20	/	0.607
	=	32.95

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.

MS Concept's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.607	/	57.332
	=	0.01

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.

MS Concept Days Inventory Related Terms

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

MS Concept (HKSE:08447) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » MS Concept Ltd (HKSE:08447) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

186-191 Connaught Road West, Room 1409-10, 14th Floor, Hong Kong Plaza, Hong Kong, HKG

Website

https://www.mrsteak.com.hk

MS Concept Ltd is a restaurant group that operates Western and Japanese casual dining restaurants in Hong Kong. The company provides dining and ambiance services under different brands. The company operates restaurants under various brands namely Bistro Bloom, Bistro Bloom/Marbling, Hana, Sky Bar, and many more. The company derives revenue from restaurant operations that provide catering services.

Executives

Future More Company Limited	2101 Beneficial owner
Ip Yin King Ingrid	2201 Interest of corporation controlled by you
Kwong Ching Yee Melanie	2201 Interest of corporation controlled by you
Kwong Man Yui	2201 Interest of corporation controlled by you
Kwong Tai Wah	2201 Interest of corporation controlled by you
Kwong Tai Wing Joseph	2201 Interest of corporation controlled by you

MS Concept (HKSE:08447) Headlines

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