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Clifford Modern Living Holdings (HKSE:03686) Days Inventory : 20.81 (As of Dec. 2023)


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What is Clifford Modern Living Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Clifford Modern Living Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$11.5 Mil. Clifford Modern Living Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$101.1 Mil. Hence, Clifford Modern Living Holdings's Days Inventory for the six months ended in Dec. 2023 was 20.81.

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

HKSE:03686' s Days Inventory Range Over the Past 10 Years
Min: 14.65   Med: 22.62   Max: 33.13
Current: 25.95

During the past 11 years, Clifford Modern Living Holdings's highest Days Inventory was 33.13. The lowest was 14.65. And the median was 22.62.

HKSE:03686's Days Inventory is ranked better than
65.45% of 301 companies
in the Retail - Defensive industry
Industry Median: 35.95 vs HKSE:03686: 25.95

Clifford Modern Living Holdings's Days Inventory declined from Dec. 2022 (31.41) to Dec. 2023 (20.81).

Inventory Turnover measures how fast the company turns over its inventory within a year. Clifford Modern Living Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 8.77.

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. Clifford Modern Living Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.06.


Clifford Modern Living Holdings Days Inventory Historical Data

The historical data trend for Clifford Modern Living 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.

Clifford Modern Living Holdings Days Inventory Chart

Clifford Modern Living 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 14.65 17.77 24.62 33.13 28.12

Clifford Modern Living Holdings Semi-Annual Data
Dec13 Dec14 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 25.89 29.97 31.41 29.07 20.81

Competitive Comparison of Clifford Modern Living Holdings's Days Inventory

For the Grocery Stores subindustry, Clifford Modern Living 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.


Clifford Modern Living Holdings's Days Inventory Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Clifford Modern Living Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Clifford Modern Living Holdings's Days Inventory falls into.



Clifford Modern Living Holdings Days Inventory Calculation

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

Clifford Modern Living 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
=( (19.271 + 11.309) / 2 ) / 198.436*365
=15.29 / 198.436*365
=28.12

Clifford Modern Living 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
=( (11.74 + 11.309) / 2 ) / 101.077*365 / 2
=11.5245 / 101.077*365 / 2
=20.81

* 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.


Clifford Modern Living Holdings  (HKSE:03686) 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.

Clifford Modern Living 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.

Clifford Modern Living 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.


Clifford Modern Living Holdings Days Inventory Related Terms

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


Clifford Modern Living Holdings (HKSE:03686) Business Description

Traded in Other Exchanges
N/A
Address
8 Shiguang Road, Panyu, Guangdong, Guangzhou, CHN, 511496
Clifford Modern Living Holdings Ltd is an investment holding company. The group is engaged in the provision of services to residents in properties developed under the brand name Clifford, including retail services, catering services, property management services, laundry services, off-campus training services, property agency services, employment placement services, information technology services, renovation and fitting-out services, in the PRC Mainland. It is a diversified service portfolio comprising six main service segments; Property management services, Renovation and fitting-out services, Retail services, Off-campus training services, Information technology services and Ancillary Living Services.
Executives
Man Lai Hung 2101 Beneficial owner
Pang Lun Kee Clifford 2202 Interest of your spouse
Elland Holdings Limited 2101 Beneficial owner

Clifford Modern Living Holdings (HKSE:03686) Headlines

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