Days Inventory is also known as Days Sales of Inventory (DSI). Honghua Group's Average Total Inventories for the
six
months ended in Dec. 2023 was HK$1,926 Mil. Honghua Group's Cost of Goods Sold for the
six
months ended in Dec. 2023 was HK$2,832 Mil.
Hence, Honghua Group's Days Inventory for the
six
months ended in Dec. 2023 was 124.12.
The historical rank and industry rank for Honghua Group's Days Inventory or its related term are showing as below:
HKSE:00196'
s Days Inventory Range Over the Past 10 Years
Min: 122.22 Med: 187.2 Max: 452.37
Current: 124.46
During the past 13 years, Honghua Group's highest Days Inventory was 452.37. The lowest was 122.22. And the median was 187.20.
HKSE:00196's Days Inventory is ranked worse than 87.7% of 732
companies
in the Oil & Gas industry
Industry Median: 31.72
vs HKSE:00196: 124.46
Honghua Group's Days Inventory
declined
from Dec. 2022 (128.39) to Dec. 2023 (124.12).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Honghua Group's Inventory Turnover for the
six
months ended in Dec. 2023 was 1.47.
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.
Honghua Group's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.59.
Honghua Group Days Inventory Historical Data
The historical data trend for Honghua 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.
Competitive Comparison of Honghua Group's Days Inventory
For the Oil & Gas Equipment & Services subindustry, Honghua 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.
Honghua Group's Days Inventory Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Honghua Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where Honghua Group's Days Inventory falls into.
Honghua Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Honghua Group's Days Inventory for the fiscal year that 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.
Honghua Group (HKSE:00196) 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.
Honghua Group'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.
Honghua Group'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.
Honghua Group Days Inventory Related Terms
Thank you for viewing the detailed overview of Honghua Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Honghua Group Ltd is engaged in manufacturing drilling rigs, oil and gas exploitation equipment, providing drilling services and fracturing. It manufactures conventional land drilling rigs, digital drilling rigs, accessories for drilling rigs, as well as the parts and components for the drilling rigs or the maintenance of the drilling rigs in operation. Its segments include Land drilling rigs; Parts and components and others; Drilling engineering services; and Fracturing. It derives a majority of revenue from Parts and components and others segment. Geographically it operates in the PRC, Americas, Middle East, Europe and Central Asia, South Asia and South East, and Africa, of which prime revenue is derived from the PRC.
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