Raymond Industrial (HKSE:00229) Days Inventory : 42.04 (As of Dec. 2023)

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What is Raymond Industrial Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Raymond Industrial's Average Total Inventories for the six months ended in Dec. 2023 was HK$142 Mil. Raymond Industrial's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$618 Mil. Hence, Raymond Industrial's Days Inventory for the six months ended in Dec. 2023 was 42.04.

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

HKSE:00229' s Days Inventory Range Over the Past 10 Years
Min: 48.25 Med: 53.35 Max: 81.76
Current: 49.86

During the past 13 years, Raymond Industrial's highest Days Inventory was 81.76. The lowest was 48.25. And the median was 53.35.

HKSE:00229's Days Inventory is ranked better than
85.71% of 406 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 104.19 vs HKSE:00229: 49.86

Raymond Industrial's Days Inventory declined from Dec. 2022 (80.25) to Dec. 2023 (42.04).

Inventory Turnover measures how fast the company turns over its inventory within a year. Raymond Industrial's Inventory Turnover for the six months ended in Dec. 2023 was 4.34.

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. Raymond Industrial's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.20.

Raymond Industrial Days Inventory Historical Data

The historical data trend for Raymond Industrial'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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Raymond Industrial Days Inventory Chart

Raymond Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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53.51

50.02

57.34

81.76

53.09

Raymond Industrial Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															59.38	71.06	80.25	55.08	42.04

Competitive Comparison of Raymond Industrial's Days Inventory

For the Furnishings, Fixtures & Appliances subindustry, Raymond Industrial'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.

Raymond Industrial's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Raymond Industrial's Days Inventory distribution charts can be found below:

* The bar in red indicates where Raymond Industrial's Days Inventory falls into.

Raymond Industrial Days Inventory Calculation

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

Raymond Industrial'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
=	( (198.491	+	144.473)	/	2 )	/	1179.007	*	365
=	171.482					/	1179.007	*	365
=	53.09

Raymond Industrial'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (140.191	+	144.473)	/	2 )	/	617.889	*	365 / 2
=	142.332					/	617.889	*	365 / 2
=	42.04

Raymond Industrial (HKSE:00229) 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.

Raymond Industrial's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	617.889	/	142.332
	=	4.34

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.

Raymond Industrial's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	142.332	/	713.816
	=	0.20

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.

Raymond Industrial Days Inventory Related Terms

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

Raymond Industrial (HKSE:00229) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Raymond Industrial Ltd (HKSE:00229) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 On Ping Street, Rooms 1801-1813, 18th Floor, Grandtech Centre, Shatin, New Territories, Hong Kong, HKG

Website

https://www.raymondfinance.com/html/about.html

Raymond Industrial Ltd is engaged in the manufacture and sale of electrical home appliances. The company's geographical segment includes Japan, the United States, and the People's Republic of China (PRC), Europe, Asia (excluding Japan and the PRC) and Rest of the world. The PRC segment is involved in the manufacture of electrical household appliances. The Rest of the world segment covers sales of electrical home appliances to customers in Australia, Canada, South America and Africa. Its product categories comprise Environmental products, Battery, Health and personal care, Kitchen products and other small and medium-sized electrical household appliances.

Executives

Wong Ying Man John	2101 Beneficial owner
Webb David Michael	2101 Beneficial owner
Diamond-harvest Limited	2101 Beneficial owner
Wong Kin Lae Wilson	2201 Interest of corporation controlled by you
Zhong Guo Bing Qi Gong Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Bing Qi Zhuang Bei Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Bei Fang Gong Ye You Xian Gong Si	2201 Interest of corporation controlled by you
An Li Shi Ye You Xian Gong Si	2101 Beneficial owner
Sun Kwing Hai Amelia	2202 Interest of your spouse

Raymond Industrial (HKSE:00229) Headlines

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