Kingmaker Footwear Holdings (HKSE:01170) Days Inventory : 68.84 (As of Sep. 2023)

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What is Kingmaker Footwear Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kingmaker Footwear Holdings's Average Total Inventories for the six months ended in Sep. 2023 was HK$136.3 Mil. Kingmaker Footwear Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$361.2 Mil. Hence, Kingmaker Footwear Holdings's Days Inventory for the six months ended in Sep. 2023 was 68.84.

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

HKSE:01170' s Days Inventory Range Over the Past 10 Years
Min: 47.74 Med: 58.95 Max: 82.53
Current: 73.09

During the past 13 years, Kingmaker Footwear Holdings's highest Days Inventory was 82.53. The lowest was 47.74. And the median was 58.95.

HKSE:01170's Days Inventory is ranked better than
76.38% of 1012 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.685 vs HKSE:01170: 73.09

Kingmaker Footwear Holdings's Days Inventory increased from Sep. 2022 (60.86) to Sep. 2023 (68.84). It might indicate that Kingmaker Footwear Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kingmaker Footwear Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 2.65.

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. Kingmaker Footwear Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.36.

Kingmaker Footwear Holdings Days Inventory Historical Data

The historical data trend for Kingmaker Footwear 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.

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Kingmaker Footwear Holdings Days Inventory Chart

Kingmaker Footwear Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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59.00

58.89

77.91

82.53

71.43

Kingmaker Footwear 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															74.61	79.12	60.86	81.94	68.84

Competitive Comparison of Kingmaker Footwear Holdings's Days Inventory

For the Footwear & Accessories subindustry, Kingmaker Footwear 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.

Kingmaker Footwear Holdings's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Kingmaker Footwear Holdings's Days Inventory falls into.

Kingmaker Footwear Holdings Days Inventory Calculation

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

Kingmaker Footwear 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
=	( (209.008	+	171.572)	/	2 )	/	972.351	*	365
=	190.29					/	972.351	*	365
=	71.43

Kingmaker Footwear 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
=	( (171.572	+	100.939)	/	2 )	/	361.213	*	365 / 2
=	136.2555					/	361.213	*	365 / 2
=	68.84

Kingmaker Footwear Holdings (HKSE:01170) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	361.213	/	136.2555
	=	2.65

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	136.2555	/	383.032
	=	0.36

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.

Kingmaker Footwear Holdings Days Inventory Related Terms

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

Kingmaker Footwear Holdings (HKSE:01170) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kingmaker Footwear Holdings Ltd (HKSE:01170) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

KMSWF:USA

Address

17-19 Chatham Road South, 17th Floor, Empress Plaza, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

http://www.kingmaker-footwear.com

Kingmaker Footwear Holdings Ltd is a Hong Kong-based company involved in the footwear business. The company focuses on the production of athletic, lifestyle shoes, rugged footwear, and children's shoes. The firm has two operating segments, Manufacturing and sale of footwear products; and Property Investment. It derives a majority of its revenue from the Manufacturing and sale of footwear products. Geographically, the group has a business presence in the United States Asia, Europe, and Other countries, the firm generates the majority of its revenue from the United States.

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