Twintek Investment Holdings (HKSE:06182) Days Inventory : 8.63 (As of Sep. 2023)

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What is Twintek Investment Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Twintek Investment Holdings's Average Total Inventories for the six months ended in Sep. 2023 was HK$2.6 Mil. Twintek Investment Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$54.0 Mil. Hence, Twintek Investment Holdings's Days Inventory for the six months ended in Sep. 2023 was 8.63.

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

HKSE:06182' s Days Inventory Range Over the Past 10 Years
Min: 5.48 Med: 10.8 Max: 15.08
Current: 12.67

During the past 9 years, Twintek Investment Holdings's highest Days Inventory was 15.08. The lowest was 5.48. And the median was 10.80.

HKSE:06182's Days Inventory is ranked better than
73.38% of 1390 companies
in the Construction industry
Industry Median: 48.575 vs HKSE:06182: 12.67

Twintek Investment Holdings's Days Inventory declined from Sep. 2022 (12.06) to Sep. 2023 (8.63).

Inventory Turnover measures how fast the company turns over its inventory within a year. Twintek Investment Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 21.15.

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. Twintek Investment Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.04.

Twintek Investment Holdings Days Inventory Historical Data

The historical data trend for Twintek Investment 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.

Twintek Investment Holdings Days Inventory Chart

Twintek Investment Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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10.14

12.24

11.70

10.80

9.70

Twintek Investment Holdings Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial											13.00	8.54	12.06	14.60	8.63

Competitive Comparison of Twintek Investment Holdings's Days Inventory

For the Engineering & Construction subindustry, Twintek Investment 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.

Twintek Investment Holdings's Days Inventory Distribution in the Construction Industry

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

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

Twintek Investment Holdings Days Inventory Calculation

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

Twintek Investment 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
=	( (5.836	+	3.432)	/	2 )	/	174.307	*	365
=	4.634					/	174.307	*	365
=	9.70

Twintek Investment 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
=	( (3.432	+	1.676)	/	2 )	/	54.021	*	365 / 2
=	2.554					/	54.021	*	365 / 2
=	8.63

Twintek Investment Holdings (HKSE:06182) 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.

Twintek Investment Holdings's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	54.021	/	2.554
	=	21.15

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.

Twintek Investment Holdings's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.554	/	56.791
	=	0.04

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.

Twintek Investment Holdings Days Inventory Related Terms

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

Twintek Investment Holdings (HKSE:06182) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Twintek Investment Holdings Ltd (HKSE:06182) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1065 King's Road, Quarry Bay, Room 806, 8th Floor, Eastern Centre, Hong Kong, HKG

Website

https://www.kwantaieng.com

Twintek Investment Holdings Ltd is a building materials contractor. The company offers building materials and relevant installation services mainly in Hong Kong. Its products include timber flooring products; interior wall-fill materials, in particular, gypsum block and drywall partition products interior composite panel lining, in particular, SPC wall panels, and woodwork products; and roof tiles. The Group's revenue was generated from two segments of construction contracts, sales of building materials A majority of revenue is generated from the Construction contract segment. The group's operations are located in Hong Kong.

Executives

Helios Enterprise Holding Limited	2101 Beneficial owner
Fung Pik Mei	2202 Interest of your spouse
Lo Wing Cheung	2201 Interest of corporation controlled by you

Twintek Investment Holdings (HKSE:06182) Headlines

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