Sinosoft Technology Group (HKSE:01297) Days Inventory : 3.87 (As of Jun. 2023)

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What is Sinosoft Technology Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sinosoft Technology Group's Average Total Inventories for the six months ended in Jun. 2023 was HK$2.5 Mil. Sinosoft Technology Group's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$119.1 Mil. Hence, Sinosoft Technology Group's Days Inventory for the six months ended in Jun. 2023 was 3.87.

The historical rank and industry rank for Sinosoft Technology Group's Days Inventory or its related term are showing as below:

HKSE:01297' s Days Inventory Range Over the Past 10 Years
Min: 0.72 Med: 2.69 Max: 13.66
Current: 1.75

During the past 11 years, Sinosoft Technology Group's highest Days Inventory was 13.66. The lowest was 0.72. And the median was 2.69.

HKSE:01297's Days Inventory is not ranked
in the Software industry.
Industry Median: 19.44 vs HKSE:01297: 1.75

Sinosoft Technology Group's Days Inventory increased from Jun. 2022 (1.45) to Jun. 2023 (3.87). It might indicate that Sinosoft Technology Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sinosoft Technology Group's Inventory Turnover for the six months ended in Jun. 2023 was 47.13.

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. Sinosoft Technology Group's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.02.

Sinosoft Technology Group Days Inventory Historical Data

The historical data trend for Sinosoft Technology 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.

Sinosoft Technology Group Days Inventory Chart

Sinosoft Technology Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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2.11

1.60

0.98

0.72

1.60

Sinosoft Technology 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															0.86	0.61	1.45	1.20	3.87

Competitive Comparison of Sinosoft Technology Group's Days Inventory

For the Software - Application subindustry, Sinosoft Technology 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.

Sinosoft Technology Group's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Sinosoft Technology Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sinosoft Technology Group's Days Inventory falls into.

Sinosoft Technology Group Days Inventory Calculation

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

Sinosoft Technology 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
=	( (1.185	+	2.916)	/	2 )	/	467.957	*	365
=	2.0505					/	467.957	*	365
=	1.60

Sinosoft Technology 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
=	( (2.916	+	2.136)	/	2 )	/	119.059	*	365 / 2
=	2.526					/	119.059	*	365 / 2
=	3.87

Sinosoft Technology Group (HKSE:01297) 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.

Sinosoft Technology Group's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	119.059	/	2.526
	=	47.13

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.

Sinosoft Technology Group's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.526	/	157.015
	=	0.02

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.

Sinosoft Technology Group Days Inventory Related Terms

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

Sinosoft Technology Group (HKSE:01297) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sinosoft Technology Group Ltd (HKSE:01297) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26 Tianpu Road, Jiangpu Street, Pukou District, Jiangsu, Nanjing City, CHN

Website

https://www.sinosoft-technology.com

Sinosoft Technology Group Ltd is a Hong Kong-based provider of application software products and solutions. The firm's operations are organized in two segments: Government big data software and related services, Low carbon & ecology software and related services.

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