Million Hope Industries Holdings (HKSE:01897) Days Inventory : 33.97 (As of Sep. 2023)

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What is Million Hope Industries Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Million Hope Industries Holdings's Average Total Inventories for the six months ended in Sep. 2023 was HK$54.6 Mil. Million Hope Industries Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$293.6 Mil. Hence, Million Hope Industries Holdings's Days Inventory for the six months ended in Sep. 2023 was 33.97.

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

HKSE:01897' s Days Inventory Range Over the Past 10 Years
Min: 27.46 Med: 34.33 Max: 45.25
Current: 40.26

During the past 8 years, Million Hope Industries Holdings's highest Days Inventory was 45.25. The lowest was 27.46. And the median was 34.33.

HKSE:01897's Days Inventory is ranked better than
54.45% of 1394 companies
in the Construction industry
Industry Median: 48.8 vs HKSE:01897: 40.26

Million Hope Industries Holdings's Days Inventory declined from Sep. 2022 (49.22) to Sep. 2023 (33.97).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Million Hope Industries Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 5.37.

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. Million Hope Industries Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.17.

Million Hope Industries Holdings Days Inventory Historical Data

The historical data trend for Million Hope Industries 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.

Million Hope Industries Holdings Days Inventory Chart

Million Hope Industries Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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34.90

45.25

28.64

32.50

44.22

Million Hope Industries Holdings Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial									29.19	40.47	49.22	46.28	33.97

Competitive Comparison of Million Hope Industries Holdings's Days Inventory

For the Building Products & Equipment subindustry, Million Hope Industries 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.

Million Hope Industries Holdings's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Million Hope Industries Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Million Hope Industries Holdings's Days Inventory falls into.

Million Hope Industries Holdings Days Inventory Calculation

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

Million Hope Industries Holdings's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (76.665	+	61.29)	/	2 )	/	569.351	*	365
=	68.9775					/	569.351	*	365
=	44.22

Million Hope Industries Holdings's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (61.29	+	48.001)	/	2 )	/	293.598	*	365 / 2
=	54.6455					/	293.598	*	365 / 2
=	33.97

Million Hope Industries Holdings (HKSE:01897) 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.

Million Hope Industries Holdings's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	293.598	/	54.6455
	=	5.37

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.

Million Hope Industries Holdings's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	54.6455	/	325.086
	=	0.17

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.

Million Hope Industries Holdings Days Inventory Related Terms

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

Million Hope Industries Holdings (HKSE:01897) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Million Hope Industries Holdings Ltd (HKSE:01897) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 On Kwan Street, Office A, 20th Floor, Kings Wing Plaza 1, Shek Mum, Shatin, New Territories, Hong Kong, HKG

Website

http://www.millionhope.com.hk

Million Hope Industries Holdings Ltd and its subsidiaries are engaged in designing, supplying and installation of facade and curtain wall systems, with a focus on curtain walls, aluminum windows and doors. The company provides design, supply and installation services for curtain walls, aluminium windows and doors on both new and existing buildings, and works with customers and architects to offer tailor-made designs and products to suit the project requirements. The principal customers are the main contractors and property developers. Geographically, the group has a business presence in Hong Kong, Mainland China and Others, of which prime revenue is generated from Hong Kong.

Executives

Ccm Trust (cayman) Limited
Webb David Michael	2201 Interest of corporation controlled by you
Mingly Corporation
Mingly Asia Capital Limited
Cha Mou Daid Johnson
Ccm Capital Corporation
Wong Lui Kwok Wai	2202 Interest of your spouse
Wong Sue Toa Stewart	2101 Beneficial owner
Cha Mou Sing Payson	2501 Other
Lbj Regents Limited	2501 Other

Million Hope Industries Holdings (HKSE:01897) Headlines

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