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King Fook Holdings (HKSE:00280) Days Inventory : 281.82 (As of Sep. 2023)


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What is King Fook Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). King Fook Holdings's Average Total Inventories for the six months ended in Sep. 2023 was HK$391.0 Mil. King Fook Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$253.2 Mil. Hence, King Fook Holdings's Days Inventory for the six months ended in Sep. 2023 was 281.82.

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

HKSE:00280' s Days Inventory Range Over the Past 10 Years
Min: 221.16   Med: 416.87   Max: 768.42
Current: 240.36

During the past 13 years, King Fook Holdings's highest Days Inventory was 768.42. The lowest was 221.16. And the median was 416.87.

HKSE:00280's Days Inventory is ranked worse than
83.26% of 1069 companies
in the Retail - Cyclical industry
Industry Median: 110.7 vs HKSE:00280: 240.36

King Fook Holdings's Days Inventory increased from Sep. 2022 (244.78) to Sep. 2023 (281.82). It might indicate that King Fook Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. King Fook Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 0.65.

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. King Fook Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 1.07.


King Fook Holdings Days Inventory Historical Data

The historical data trend for King Fook 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.

* Premium members only.

King Fook Holdings Days Inventory Chart

King Fook Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 447.75 392.37 353.68 244.89 221.16

King Fook 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 260.23 227.49 244.78 208.54 281.82

Competitive Comparison of King Fook Holdings's Days Inventory

For the Luxury Goods subindustry, King Fook 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.


King Fook Holdings's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, King Fook Holdings's Days Inventory distribution charts can be found below:

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



King Fook Holdings Days Inventory Calculation

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

King Fook 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
=( (369.722 + 387.379) / 2 ) / 624.761*365
=378.5505 / 624.761*365
=221.16

King Fook 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
=( (387.379 + 394.582) / 2 ) / 253.192*365 / 2
=390.9805 / 253.192*365 / 2
=281.82

* 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.


King Fook Holdings  (HKSE:00280) 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.

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

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.

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

* 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.


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.


King Fook Holdings Days Inventory Related Terms

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


King Fook Holdings (HKSE:00280) Business Description

Traded in Other Exchanges
N/A
Address
30-32 Des Voeux Road Central, 9th Floor, King Fook Building, Hong Kong, HKG
King Fook Holdings Ltd is a Hong Kong-based investment holding company. It is engaged in Gold ornament, jewelry, watch and gift retailing, Bullion trading, and Diamond wholesaling activity. The majority of the revenue is generated from the retail of Gold ornaments, jewelry, watch, and gift. The Group has only one single reportable segment, which is retailing, bullion trading, and diamond wholesaling. Principally the group operates in Hong Kong.
Executives
Yeung Chi Shing Estates Limited 2101 Beneficial owner

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