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Mainland Headwear Holdings (HKSE:01100) Days Inventory : 159.20 (As of Dec. 2023)


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What is Mainland Headwear Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mainland Headwear Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$381 Mil. Mainland Headwear Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$436 Mil. Hence, Mainland Headwear Holdings's Days Inventory for the six months ended in Dec. 2023 was 159.20.

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

HKSE:01100' s Days Inventory Range Over the Past 10 Years
Min: 99.8   Med: 112.23   Max: 173.72
Current: 165.84

During the past 13 years, Mainland Headwear Holdings's highest Days Inventory was 173.72. The lowest was 99.80. And the median was 112.23.

HKSE:01100's Days Inventory is ranked worse than
62.27% of 1015 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.14 vs HKSE:01100: 165.84

Mainland Headwear Holdings's Days Inventory increased from Dec. 2022 (149.28) to Dec. 2023 (159.20). It might indicate that Mainland Headwear Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mainland Headwear Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 1.15.

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. Mainland Headwear Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.60.


Mainland Headwear Holdings Days Inventory Historical Data

The historical data trend for Mainland Headwear 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.

Mainland Headwear Holdings Days Inventory Chart

Mainland Headwear Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 110.34 138.19 118.64 143.91 173.72

Mainland Headwear 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 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 113.27 129.84 149.28 164.21 159.20

Competitive Comparison of Mainland Headwear Holdings's Days Inventory

For the Footwear & Accessories subindustry, Mainland Headwear 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.


Mainland Headwear Holdings's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

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



Mainland Headwear Holdings Days Inventory Calculation

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

Mainland Headwear 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
=( (523.646 + 373.652) / 2 ) / 942.63*365
=448.649 / 942.63*365
=173.72

Mainland Headwear 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
=( (387.55 + 373.652) / 2 ) / 436.302*365 / 2
=380.601 / 436.302*365 / 2
=159.20

* 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.


Mainland Headwear Holdings  (HKSE:01100) 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.

Mainland Headwear Holdings's Inventory Turnover for the six months ended in Dec. 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.

Mainland Headwear Holdings's Inventory to Revenue for the six months ended in Dec. 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.


Mainland Headwear Holdings Days Inventory Related Terms

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


Mainland Headwear Holdings (HKSE:01100) Business Description

Traded in Other Exchanges
N/A
Address
18 Sheung Yuet Road, Rooms 2301–2305, 23rd Floor, FTLife Tower, Kowloon Bay, Kowloon, Hong Kong, HKG
Mainland Headwear Holdings Ltd is an investment holding company. The group is mainly engaged in the design, manufacture, and retail of quality casual headwear. The firm operates in two segments including Manufacturing and Trading. In the Manufacturing segment, it manufactures headwear products for sale to its Trading and Retail Business as well as to external customers. The trading segment includes trading and distribution of headwear, apparel, small leather goods, bags and accessories. The firm sells its products in overseas countries with the US as the main market, followed by the European market. The key revenue is derived from the Manufacturing segment.

Mainland Headwear Holdings (HKSE:01100) Headlines

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