Tai United Holdings (HKSE:00718) Days Inventory : 4.95 (As of Jun. 2023)

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What is Tai United Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tai United Holdings's Average Total Inventories for the six months ended in Jun. 2023 was HK$1.5 Mil. Tai United Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$54.7 Mil. Hence, Tai United Holdings's Days Inventory for the six months ended in Jun. 2023 was 4.95.

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

HKSE:00718' s Days Inventory Range Over the Past 10 Years
Min: 0.09 Med: 12.86 Max: 108.86
Current: 16.5

During the past 13 years, Tai United Holdings's highest Days Inventory was 108.86. The lowest was 0.09. And the median was 12.86.

HKSE:00718's Days Inventory is ranked better than
92.55% of 94 companies
in the Medical Distribution industry
Industry Median: 62.15 vs HKSE:00718: 16.50

Tai United Holdings's Days Inventory declined from Jun. 2022 (20.20) to Jun. 2023 (4.95).

Inventory Turnover measures how fast the company turns over its inventory within a year. Tai United Holdings's Inventory Turnover for the six months ended in Jun. 2023 was 36.84.

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. Tai United Holdings's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.01.

Tai United Holdings Days Inventory Historical Data

The historical data trend for Tai United 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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Tai United Holdings Days Inventory Chart

Tai United Holdings Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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0.26

44.38

46.74

4.31

12.86

Tai United Holdings Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial															58.95	2.05	20.20	31.86	4.95

Competitive Comparison of Tai United Holdings's Days Inventory

For the Medical Distribution subindustry, Tai United 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.

Tai United Holdings's Days Inventory Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Tai United Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tai United Holdings's Days Inventory falls into.

Tai United Holdings Days Inventory Calculation

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

Tai United Holdings'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
=	( (4.096	+	2.122)	/	2 )	/	88.211	*	365
=	3.109					/	88.211	*	365
=	12.86

Tai United Holdings'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
=	( (2.122	+	0.849)	/	2 )	/	54.721	*	365 / 2
=	1.4855					/	54.721	*	365 / 2
=	4.95

Tai United Holdings (HKSE:00718) 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.

Tai United Holdings's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	54.721	/	1.4855
	=	36.84

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.

Tai United Holdings's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.4855	/	99.559
	=	0.01

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.

Tai United Holdings Days Inventory Related Terms

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

Tai United Holdings (HKSE:00718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Tai United Holdings Ltd (HKSE:00718) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Room 4202–03A, 42th Floor, China Resource Building, Wanchai, Hong Kong, HKG

Website

http://www.irasia.com/listco/hk/taiunited/index.ht

Tai United Holdings Ltd is an investment holding company. Its segments include Property investment segment engaged in property investment and leasing of properties; Medical equipment trading segment; Flooring materials trading segment; Mining and exploitation of natural resources segment engaged in mining and production of tungsten resources activities in the Republic of Mongolia; and Financial services and asset management segment that includes trading equity securities and derivatives and managing of assets arising from acquisition of distressed debts assets. It derives majority of the revenue from the Flooring materials trading segment.

Tai United Holdings (HKSE:00718) Headlines

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