Chi Kan Holdings (HKSE:09913) Days Inventory : 2.06 (As of Sep. 2023)

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What is Chi Kan Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Chi Kan Holdings's Average Total Inventories for the six months ended in Sep. 2023 was HK$7 Mil. Chi Kan Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$618 Mil. Hence, Chi Kan Holdings's Days Inventory for the six months ended in Sep. 2023 was 2.06.

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

HKSE:09913' s Days Inventory Range Over the Past 10 Years
Min: 1.66 Med: 2.43 Max: 2.61
Current: 1.66

During the past 6 years, Chi Kan Holdings's highest Days Inventory was 2.61. The lowest was 1.66. And the median was 2.43.

HKSE:09913's Days Inventory is ranked better than
92.84% of 1396 companies
in the Construction industry
Industry Median: 48.905 vs HKSE:09913: 1.66

Chi Kan Holdings's Days Inventory increased from Sep. 2022 (1.90) to Sep. 2023 (2.06). It might indicate that Chi Kan Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Chi Kan Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 88.57.

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. Chi Kan Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.01.

Chi Kan Holdings Days Inventory Historical Data

The historical data trend for Chi Kan 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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Chi Kan Holdings Days Inventory Chart

Chi Kan Holdings Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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2.61

2.24

Chi Kan Holdings Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial						0.11	1.50	1.90	1.58	2.06

Competitive Comparison of Chi Kan Holdings's Days Inventory

For the Engineering & Construction subindustry, Chi Kan 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.

Chi Kan Holdings's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Chi Kan Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Chi Kan Holdings's Days Inventory falls into.

Chi Kan Holdings Days Inventory Calculation

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

Chi Kan Holdings'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
=	( (8.95	+	8.242)	/	2 )	/	1402.403	*	365
=	8.596					/	1402.403	*	365
=	2.24

Chi Kan Holdings'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: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (8.242	+	5.707)	/	2 )	/	617.699	*	365 / 2
=	6.9745					/	617.699	*	365 / 2
=	2.06

Chi Kan Holdings (HKSE:09913) 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.

Chi Kan Holdings's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	617.699	/	6.9745
	=	88.57

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.

Chi Kan Holdings's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.9745	/	749.157
	=	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.

Chi Kan Holdings Days Inventory Related Terms

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

Chi Kan Holdings (HKSE:09913) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chi Kan Holdings Ltd (HKSE:09913) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 650 Cheung Sha Wan Road, Rooms 1008 and 1009, 10th Floor, China Shipbuilding Tower, Kowloon, Hong Kong, HKG

Website

http://www.chikanck.com

Chi Kan Holdings Ltd is a formwork contractor, mainly engaged in the provision of formwork services. The Company is principally engaged in the business of providing formwork services and other construction services in Hong Kong. The company's services include conventional formwork which is built on-site by mainly using timber and plywood; and prefabricated formwork which is built out of prefabricated modules by mainly using aluminium and steel. It also provides other construction services, including plastering, installing curtain walls and other miscellaneous works on an ancillary basis. It derives all its revenue from Hong Kong.

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