Hollysys Automation Technologies (Hollysys Automation Technologies) Days Inventory

: 78.14 (As of Sep. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Hollysys Automation Technologies's Average Total Inventories for the three months ended in Sep. 2023 was $111.9 Mil. Hollysys Automation Technologies's Cost of Goods Sold for the three months ended in Sep. 2023 was $130.7 Mil. Hence, Hollysys Automation Technologies's Days Inventory for the three months ended in Sep. 2023 was 78.14.

The historical rank and industry rank for Hollysys Automation Technologies's Days Inventory or its related term are showing as below:

HOLI' s Days Inventory Range Over the Past 10 Years
Min: 36.51 Med: 51.37 Max: 75.63
Current: 75.63

During the past 13 years, Hollysys Automation Technologies's highest Days Inventory was 75.63. The lowest was 36.51. And the median was 51.37.

HOLI's Days Inventory is ranked better than
76.04% of 2905 companies
in the Industrial Products industry
Industry Median: 120.49 vs HOLI: 75.63

Hollysys Automation Technologies's Days Inventory increased from Sep. 2022 (76.17) to Sep. 2023 (78.14). It might indicate that Hollysys Automation Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hollysys Automation Technologies's Inventory Turnover for the three months ended in Sep. 2023 was 1.17.

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. Hollysys Automation Technologies's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.56.

Hollysys Automation Technologies Days Inventory Historical Data

The historical data trend for Hollysys Automation Technologies'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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Hollysys Automation Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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51.35

53.21

46.76

54.25

70.94

Hollysys Automation Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															76.17	65.81	84.21	77.91	78.14

Competitive Comparison

For the Electrical Equipment & Parts subindustry, Hollysys Automation Technologies'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.

Hollysys Automation Technologies Days Inventory Distribution

For the Industrial Products industry and Industrials sector, Hollysys Automation Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Hollysys Automation Technologies's Days Inventory falls into.

Hollysys Automation Technologies Days Inventory Calculation

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

Hollysys Automation Technologies's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (91.243	+	111.634)	/	2 )	/	521.888	*	365
=	101.4385					/	521.888	*	365
=	70.94

Hollysys Automation Technologies'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: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (111.634	+	112.261)	/	2 )	/	130.724	*	365 / 4
=	111.9475					/	130.724	*	365 / 4
=	78.14

Hollysys Automation Technologies (NAS:HOLI) 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.

Hollysys Automation Technologies's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	130.724	/	111.9475
	=	1.17

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.

Hollysys Automation Technologies's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	111.9475	/	199.9
	=	0.56

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.

Hollysys Automation Technologies Days Inventory Related Terms

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Hollysys Automation Technologies (Hollysys Automation Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hollysys Automation Technologies Ltd (NAS:HOLI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

46H:Germany

Address

No. 2 Disheng Middle Road, Beijing Economic-Technological Development Area, Beijing, CHN, 100176

Website

https://www.hollysys.com/index.php

Hollysys Automation Technologies Ltd is a China-based company that provides automation and control technologies and products. The company operates through three segments. Its IA segment supplies solutions including third-party hardware-centric products, proprietary software products, and others. The Rail segment supplies train control center and automation train protection to the rail and subway industries. The M&E segment consists of its two Southeast Asia-based subsidiaries that provide mechanical and electrical solutions. Hollysys Automation Technologies generates most of its sales from the Chinese domestic market.