Yik Wo International Holdings (HKSE:08659) Days Inventory : 12.48 (As of Dec. 2023)

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What is Yik Wo International Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Yik Wo International Holdings's Average Total Inventories for the three months ended in Dec. 2023 was HK$9.5 Mil. Yik Wo International Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$69.2 Mil. Hence, Yik Wo International Holdings's Days Inventory for the three months ended in Dec. 2023 was 12.48.

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

HKSE:08659' s Days Inventory Range Over the Past 10 Years
Min: 13.47 Med: 14.83 Max: 31.96
Current: 14.48

During the past 7 years, Yik Wo International Holdings's highest Days Inventory was 31.96. The lowest was 13.47. And the median was 14.83.

HKSE:08659's Days Inventory is ranked better than
98.37% of 367 companies
in the Packaging & Containers industry
Industry Median: 77.89 vs HKSE:08659: 14.48

Yik Wo International Holdings's Days Inventory increased from Dec. 2022 (12.42) to Dec. 2023 (12.48). It might indicate that Yik Wo International Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Yik Wo International Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 7.31.

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. Yik Wo International Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.10.

Yik Wo International Holdings Days Inventory Historical Data

The historical data trend for Yik Wo International 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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Yik Wo International Holdings Days Inventory Chart

Yik Wo International Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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14.89

14.83

14.04

14.39

13.47

Yik Wo International Holdings Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															12.42	16.93	15.45	15.74	12.48

Competitive Comparison of Yik Wo International Holdings's Days Inventory

For the Packaging & Containers subindustry, Yik Wo International 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.

Yik Wo International Holdings's Days Inventory Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Yik Wo International Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Yik Wo International Holdings's Days Inventory falls into.

Yik Wo International Holdings Days Inventory Calculation

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

Yik Wo International 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
=	( (9.04	+	9.46)	/	2 )	/	250.671	*	365
=	9.25					/	250.671	*	365
=	13.47

Yik Wo International 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	9.46)	/	1 )	/	69.156	*	365 / 4
=	9.46					/	69.156	*	365 / 4
=	12.48

Yik Wo International Holdings (HKSE:08659) 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.

Yik Wo International Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	69.156	/	9.46
	=	7.31

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.

Yik Wo International Holdings's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	9.46	/	96.728
	=	0.10

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.

Yik Wo International Holdings Days Inventory Related Terms

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

Yik Wo International Holdings (HKSE:08659) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Yik Wo International Holdings Ltd (HKSE:08659) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wukeng Industrial Zone, Longhu Town, Fujian Province, Jinjiang, CHN

Website

https://www.yikwo.cn

Yik Wo International Holdings Ltd is engaged in the design and development, manufacturing and sales of disposable plastic food storage containers. The company's plastic containers are processed by high temperature hot-melt plastic injection moulding method with polypropylene resin or other thermoplastic materials. In terms of application, disposable plastic food storage containers can be divided into lunch boxes, fresh and preserved fruit containers, semi-food containers and others. It sells its products under JAZZIT brand. Its regular products feature with only one compartment; and customised products can store various kinds of food and beverage with its multi-compartment disposable plastic food storage containers. The group derives prime revenue from the PRC.

Yik Wo International Holdings (HKSE:08659) Headlines

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