Carry Wealth Holdings (HKSE:00643) Days Inventory : 48.91 (As of Dec. 2023)

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What is Carry Wealth Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Carry Wealth Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$62.7 Mil. Carry Wealth Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$234.0 Mil. Hence, Carry Wealth Holdings's Days Inventory for the six months ended in Dec. 2023 was 48.91.

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

HKSE:00643' s Days Inventory Range Over the Past 10 Years
Min: 45.44 Med: 67.1 Max: 77.98
Current: 47.88

During the past 13 years, Carry Wealth Holdings's highest Days Inventory was 77.98. The lowest was 45.44. And the median was 67.10.

HKSE:00643's Days Inventory is ranked better than
87.03% of 1002 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 132.09 vs HKSE:00643: 47.88

Carry Wealth Holdings's Days Inventory declined from Dec. 2022 (51.97) to Dec. 2023 (48.91).

Inventory Turnover measures how fast the company turns over its inventory within a year. Carry Wealth Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 3.73.

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. Carry Wealth Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.24.

Carry Wealth Holdings Days Inventory Historical Data

The historical data trend for Carry Wealth 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.

Carry Wealth Holdings Days Inventory Chart

Carry Wealth Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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66.92

63.45

47.94

45.46

45.44

Carry Wealth Holdings 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															50.17	58.05	51.97	49.31	48.91

Competitive Comparison of Carry Wealth Holdings's Days Inventory

For the Apparel Manufacturing subindustry, Carry Wealth 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.

Carry Wealth Holdings's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Carry Wealth Holdings Days Inventory Calculation

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

Carry Wealth Holdings'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
=	( (43.791	+	63.292)	/	2 )	/	430.109	*	365
=	53.5415					/	430.109	*	365
=	45.44

Carry Wealth Holdings'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
=	( (62.162	+	63.292)	/	2 )	/	234.036	*	365 / 2
=	62.727					/	234.036	*	365 / 2
=	48.91

Carry Wealth Holdings (HKSE:00643) 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.

Carry Wealth Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	234.036	/	62.727
	=	3.73

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.

Carry Wealth Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	62.727	/	265.842
	=	0.24

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.

Carry Wealth Holdings Days Inventory Related Terms

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

Carry Wealth Holdings (HKSE:00643) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Carry Wealth Holdings Ltd (HKSE:00643) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 Queen’s Road Central, Room 7801-7803, 78th Floor The Center, Central, Hong Kong, HKG

Website

http://www.carrywealth.com

Carry Wealth Holdings Ltd is an investment holding company. It is engaged in the manufacturing and trading of garment products, and securities investment. The company operates through the segments of Garment manufacturing and trading segment including the manufacturing of garments for apparel brands and the sale of garment products; and the Securities investment segment consisting of investment in various securities listed on the Hong Kong stock exchange. Its product ranges from polo, athletics, cardigan, hoody, tee, jacket, bottom, and dress to layette. In addition, the company also provides embroidery machines and printing facilities to handle fashionable graphic design on its product. It derives a majority of revenue from the U.S.

Executives

Mars Worldwide Holdings Limited	2101 Beneficial owner
Ma Xiaoqiu	2201 Interest of corporation controlled by you
Ma Xiao Qiu	2201 Interest of corporation controlled by you
Dragon Peace Limited	2101 Beneficial owner
Li Haifeng	2201 Interest of corporation controlled by you

Carry Wealth Holdings (HKSE:00643) Headlines

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