CCID Consulting Co (HKSE:02176) Days Inventory : 0.00 (As of Dec. 2023)

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What is CCID Consulting Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CCID Consulting Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$0.0 Mil. CCID Consulting Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$104.7 Mil. Hence, CCID Consulting Co's Days Inventory for the six months ended in Dec. 2023 was 0.00.

The historical rank and industry rank for CCID Consulting Co's Days Inventory or its related term are showing as below:

HKSE:02176's Days Inventory is not ranked ^*
in the Software industry.
Industry Median: 19.5
* Ranked among companies with meaningful Days Inventory only.

CCID Consulting Co's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. CCID Consulting Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.

CCID Consulting Co Days Inventory Historical Data

The historical data trend for CCID Consulting Co'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.

CCID Consulting Co Days Inventory Chart

CCID Consulting Co Annual Data

Trend

Dec14

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Dec21

Dec22

Dec23

Days Inventory

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CCID Consulting Co 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															-	-	-	-	-

Competitive Comparison of CCID Consulting Co's Days Inventory

For the Information Technology Services subindustry, CCID Consulting Co'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.

CCID Consulting Co's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, CCID Consulting Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where CCID Consulting Co's Days Inventory falls into.

CCID Consulting Co Days Inventory Calculation

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

CCID Consulting Co'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
=	( (0	+	0)	/	1 )	/	164.334	*	365
=	0					/	164.334	*	365
=	0.00

CCID Consulting Co'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
=	( (0	+	0)	/	1 )	/	104.687	*	365 / 2
=	0					/	104.687	*	365 / 2
=	0.00

CCID Consulting Co (HKSE:02176) 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.

CCID Consulting Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	104.687	/	0
	=

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.

CCID Consulting Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	196.92
	=	0.00

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.

CCID Consulting Co Days Inventory Related Terms

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

CCID Consulting Co (HKSE:02176) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CCID Consulting Co Ltd (HKSE:02176) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CCX:Germany

Address

66 Zizhuyuan Road, 10th Floor, CCID Plaza, Haidian District, Beijing, CHN, 100048

Website

http://www.ccidconsulting.com

CCID Consulting Co Ltd is engaged in the provision of management and strategic consultancy services, market consultancy services, information engineering supervision services, data information design services, training courses services and subscription to information system services, and conference consultation and exhibition services. The company is also engaged in the provision of industry spatial management services which is included in the management and strategic consultancy services segment. The company operates in the PRC.

CCID Consulting Co (HKSE:02176) Headlines

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