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Veson Holdings (HKSE:01399) Days Inventory : 36.19 (As of Dec. 2023)


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What is Veson Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Veson Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$707 Mil. Veson Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,567 Mil. Hence, Veson Holdings's Days Inventory for the six months ended in Dec. 2023 was 36.19.

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

HKSE:01399' s Days Inventory Range Over the Past 10 Years
Min: 27.27   Med: 36.23   Max: 47.16
Current: 44.56

During the past 13 years, Veson Holdings's highest Days Inventory was 47.16. The lowest was 27.27. And the median was 36.23.

HKSE:01399's Days Inventory is ranked better than
90.49% of 2912 companies
in the Industrial Products industry
Industry Median: 120.56 vs HKSE:01399: 44.56

Veson Holdings's Days Inventory declined from Dec. 2022 (46.52) to Dec. 2023 (36.19).

Inventory Turnover measures how fast the company turns over its inventory within a year. Veson Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 5.04.

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. Veson Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.18.


Veson Holdings Days Inventory Historical Data

The historical data trend for Veson 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.

* Premium members only.

Veson Holdings Days Inventory Chart

Veson Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.44 28.54 27.27 43.09 43.91

Veson Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.40 40.79 46.52 56.39 36.19

Competitive Comparison of Veson Holdings's Days Inventory

For the Electrical Equipment & Parts subindustry, Veson 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.


Veson Holdings's Days Inventory Distribution in the Industrial Products Industry

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

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



Veson Holdings Days Inventory Calculation

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

Veson Holdings's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (879.163 + 627.902) / 2 ) / 6263.47*365
=753.5325 / 6263.47*365
=43.91

Veson Holdings's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (786.906 + 627.902) / 2 ) / 3567.256*365 / 2
=707.404 / 3567.256*365 / 2
=36.19

* 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.


Veson Holdings  (HKSE:01399) 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.

Veson Holdings'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.

Veson Holdings'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.


Veson Holdings Days Inventory Related Terms

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


Veson Holdings (HKSE:01399) Business Description

Traded in Other Exchanges
N/A
Address
No. 98 Jiangbin Avenue East, Fuzhou Pilot Free Trade Zone, Scud Industrial Park, Fujian Province, Mawei District, Fuzhou, CHN
Veson Holdings Ltd is engaged in the business of original design manufacturing (ODM business) as well as the bare battery cells business. It generates maximum revenue from the ODM business segment which involves the manufacture and supply of lithium-ion battery modules, power banks, motive battery and related accessories for branded mobile phone and tablets and EV manufacturers within and outside China. Geographically, it operates in the PRC. The company's products are used for mobile phones, tablets and digital products battery and related accessories.
Executives
Fang Jin 2201 Interest of corporation controlled by you
Right Grand Holdings Limited 2101 Beneficial owner
Swift Joy Holdings Limited 2101 Beneficial owner

Veson Holdings (HKSE:01399) Headlines

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