Wisdom Wealth Resources Investment Holding Group (HKSE:00007) Days Inventory : 815.70 (As of Jun. 2023)

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What is Wisdom Wealth Resources Investment Holding Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Wisdom Wealth Resources Investment Holding Group's Average Total Inventories for the six months ended in Jun. 2023 was HK$924.1 Mil. Wisdom Wealth Resources Investment Holding Group's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$206.7 Mil. Hence, Wisdom Wealth Resources Investment Holding Group's Days Inventory for the six months ended in Jun. 2023 was 815.70.

The historical rank and industry rank for Wisdom Wealth Resources Investment Holding Group's Days Inventory or its related term are showing as below:

HKSE:00007' s Days Inventory Range Over the Past 10 Years
Min: 3.99 Med: 944.18 Max: 2421.21
Current: 897.69

During the past 13 years, Wisdom Wealth Resources Investment Holding Group's highest Days Inventory was 2421.21. The lowest was 3.99. And the median was 944.18.

HKSE:00007's Days Inventory is ranked worse than
98.46% of 2408 companies
in the Hardware industry
Industry Median: 102.555 vs HKSE:00007: 897.69

Wisdom Wealth Resources Investment Holding Group's Days Inventory declined from Jun. 2022 (2,119.61) to Jun. 2023 (815.70).

Inventory Turnover measures how fast the company turns over its inventory within a year. Wisdom Wealth Resources Investment Holding Group's Inventory Turnover for the six months ended in Jun. 2023 was 0.22.

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. Wisdom Wealth Resources Investment Holding Group's Inventory-to-Revenue for the six months ended in Jun. 2023 was 4.20.

Wisdom Wealth Resources Investment Holding Group Days Inventory Historical Data

The historical data trend for Wisdom Wealth Resources Investment Holding Group'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.

Wisdom Wealth Resources Investment Holding Group Days Inventory Chart

Wisdom Wealth Resources Investment Holding Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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756.47

1,310.59

694.60

1,554.19

1,131.89

Wisdom Wealth Resources Investment Holding Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial															2,024.28	1,287.05	2,119.61	857.48	815.70

Competitive Comparison of Wisdom Wealth Resources Investment Holding Group's Days Inventory

For the Electronics & Computer Distribution subindustry, Wisdom Wealth Resources Investment Holding Group'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.

Wisdom Wealth Resources Investment Holding Group's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Wisdom Wealth Resources Investment Holding Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Wisdom Wealth Resources Investment Holding Group's Days Inventory falls into.

Wisdom Wealth Resources Investment Holding Group Days Inventory Calculation

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

Wisdom Wealth Resources Investment Holding Group's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (2033.967	+	945.949)	/	2 )	/	480.464	*	365
=	1489.958					/	480.464	*	365
=	1,131.89

Wisdom Wealth Resources Investment Holding Group's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (945.949	+	902.153)	/	2 )	/	206.743	*	365 / 2
=	924.051					/	206.743	*	365 / 2
=	815.70

Wisdom Wealth Resources Investment Holding Group (HKSE:00007) 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.

Wisdom Wealth Resources Investment Holding Group's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	206.743	/	924.051
	=	0.22

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.

Wisdom Wealth Resources Investment Holding Group's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	924.051	/	219.86
	=	4.20

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.

Wisdom Wealth Resources Investment Holding Group Days Inventory Related Terms

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

Wisdom Wealth Resources Investment Holding Group (HKSE:00007) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wisdom Wealth Resources Investment Holding Group Ltd (HKSE:00007) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Units 1910-12, 19th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, HKG

Website

https://www.wwri007.com

Wisdom Wealth Resources Investment Holding Group Ltd is an investment holding company. The company's operating segment includes Trading business; Mineral mining, oil and gas business; Financial business and Property investment. It generates maximum revenue from the Trading business segment. Trading business segment includes sales of electronic products and equipment. Geographically, it derives a majority of revenue from PRC.

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