Tungtex (Holdings) Co (HKSE:00518) Days Inventory : 66.09 (As of Sep. 2023)

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What is Tungtex (Holdings) Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tungtex (Holdings) Co's Average Total Inventories for the six months ended in Sep. 2023 was HK$69.8 Mil. Tungtex (Holdings) Co's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$192.7 Mil. Hence, Tungtex (Holdings) Co's Days Inventory for the six months ended in Sep. 2023 was 66.09.

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

HKSE:00518' s Days Inventory Range Over the Past 10 Years
Min: 55.56 Med: 73.68 Max: 87.29
Current: 60.29

During the past 13 years, Tungtex (Holdings) Co's highest Days Inventory was 87.29. The lowest was 55.56. And the median was 73.68.

HKSE:00518's Days Inventory is ranked better than
82.34% of 1008 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.78 vs HKSE:00518: 60.29

Tungtex (Holdings) Co's Days Inventory increased from Sep. 2022 (53.92) to Sep. 2023 (66.09). It might indicate that Tungtex (Holdings) Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tungtex (Holdings) Co's Inventory Turnover for the six months ended in Sep. 2023 was 2.76.

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. Tungtex (Holdings) Co's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.29.

Tungtex (Holdings) Co Days Inventory Historical Data

The historical data trend for Tungtex (Holdings) Co'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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Tungtex (Holdings) Co Days Inventory Chart

Tungtex (Holdings) Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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73.20

73.15

87.29

74.15

55.56

Tungtex (Holdings) Co 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															81.10	68.99	53.92	52.74	66.09

Competitive Comparison of Tungtex (Holdings) Co's Days Inventory

For the Apparel Manufacturing subindustry, Tungtex (Holdings) Co'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.

Tungtex (Holdings) Co's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tungtex (Holdings) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tungtex (Holdings) Co's Days Inventory falls into.

Tungtex (Holdings) Co Days Inventory Calculation

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

Tungtex (Holdings) Co'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
=	( (114.902	+	65.265)	/	2 )	/	591.772	*	365
=	90.0835					/	591.772	*	365
=	55.56

Tungtex (Holdings) Co'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
=	( (65.265	+	74.328)	/	2 )	/	192.722	*	365 / 2
=	69.7965					/	192.722	*	365 / 2
=	66.09

Tungtex (Holdings) Co (HKSE:00518) 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.

Tungtex (Holdings) Co's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	192.722	/	69.7965
	=	2.76

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.

Tungtex (Holdings) Co's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	69.7965	/	237.529
	=	0.29

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.

Tungtex (Holdings) Co Days Inventory Related Terms

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

Tungtex (Holdings) Co (HKSE:00518) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tungtex (Holdings) Co Ltd (HKSE:00518) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TUGHF:USA

Address

No. 83 Hung To Road, Office A, 26th Floor, EGL Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.tungtex.com

Tungtex (Holdings) Co Ltd is engaged in the business of manufacturing and sale of garments products. The operating segments of the group are North America, Asia, and Europe and others. Its customers are located in the PRC, the USA, Canada, European countries, and other countries, of which key revenue is generated from the USA. The company offers Silk-blended, Linen, Cotton, Synthetic items, and other products.

Executives

Webb David Michael	2201 Interest of corporation controlled by you
Preferable Situation Assets Limited	2101 Beneficial owner
Thomas Howel Gruffudd Rhys	2201 Interest of corporation controlled by you
Wykeham Capital Asia Value Fund	2101 Beneficial owner
Wykeham Capital Limited	2102 Investment manager
Corona Investments Limited	2101 Beneficial owner
Tung Wah Wing	2201 Interest of corporation controlled by you
Wong Fung Lin	2201 Interest of corporation controlled by you

Tungtex (Holdings) Co (HKSE:00518) Headlines

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