Herald Holdings (HKSE:00114) Days Inventory : 95.89 (As of Sep. 2023)

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What is Herald Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Herald Holdings's Average Total Inventories for the six months ended in Sep. 2023 was HK$159.5 Mil. Herald Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$303.5 Mil. Hence, Herald Holdings's Days Inventory for the six months ended in Sep. 2023 was 95.89.

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

HKSE:00114' s Days Inventory Range Over the Past 10 Years
Min: 60.99 Med: 75.18 Max: 98.98
Current: 98.98

During the past 13 years, Herald Holdings's highest Days Inventory was 98.98. The lowest was 60.99. And the median was 75.18.

HKSE:00114's Days Inventory is ranked worse than
69.35% of 672 companies
in the Travel & Leisure industry
Industry Median: 35.91 vs HKSE:00114: 98.98

Herald Holdings's Days Inventory increased from Sep. 2022 (66.73) to Sep. 2023 (95.89). It might indicate that Herald Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Herald Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 1.90.

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. Herald Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.39.

Herald Holdings Days Inventory Historical Data

The historical data trend for Herald 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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Herald Holdings Days Inventory Chart

Herald Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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89.89

79.09

73.37

69.35

83.20

Herald Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															66.51	77.80	66.73	104.56	95.89

Competitive Comparison of Herald Holdings's Days Inventory

For the Leisure subindustry, Herald 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.

Herald Holdings's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Herald Holdings's Days Inventory distribution charts can be found below:

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

Herald Holdings Days Inventory Calculation

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

Herald 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
=	( (254.866	+	184.237)	/	2 )	/	963.211	*	365
=	219.5515					/	963.211	*	365
=	83.20

Herald 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
=	( (184.237	+	134.666)	/	2 )	/	303.459	*	365 / 2
=	159.4515					/	303.459	*	365 / 2
=	95.89

Herald Holdings (HKSE:00114) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	303.459	/	159.4515
	=	1.90

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	159.4515	/	406.783
	=	0.39

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.

Herald Holdings Days Inventory Related Terms

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

Herald Holdings (HKSE:00114) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Herald Holdings Ltd (HKSE:00114) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 Queensway, Lippo Centre, Room 3110, 31 Floor, Tower Two, Hong Kong, HKG

Website

http://www.heraldgroup.com.hk

Herald Holdings Ltd is an investment holding company. It operates in the segments of Toys, Computer Products, Timepieces, Investments, and Others. The group derives majority revenue from the Toys segment which involves the manufacturing of wide range of toys including action figures, electronic radio-controlled toy cars and boats, electronic games, and pre-school toys. The company along with its subsidiaries is also engaged in the manufacture, sale, and distribution of computer products, housewares, clocks, watches, and electronic and gift products. The company has the majority of its customers based in Hong Kong, North America, the United Kingdom, Europe, Asia, Mainland China, and Others. It generates the highest revenue from the North America region.

Herald Holdings (HKSE:00114) Headlines

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