Hang Tai Yue Group Holdings (HKSE:08081) Days Inventory : 139.08 (As of Dec. 2023)

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What is Hang Tai Yue Group Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hang Tai Yue Group Holdings's Average Total Inventories for the three months ended in Dec. 2023 was HK$4.70 Mil. Hang Tai Yue Group Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$3.08 Mil. Hence, Hang Tai Yue Group Holdings's Days Inventory for the three months ended in Dec. 2023 was 139.08.

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

HKSE:08081' s Days Inventory Range Over the Past 10 Years
Min: 1.58 Med: 16.68 Max: 173.35
Current: 171.47

During the past 13 years, Hang Tai Yue Group Holdings's highest Days Inventory was 173.35. The lowest was 1.58. And the median was 16.68.

HKSE:08081's Days Inventory is ranked worse than
88.88% of 1565 companies
in the Software industry
Industry Median: 19.61 vs HKSE:08081: 171.47

Hang Tai Yue Group Holdings's Days Inventory declined from Dec. 2022 (199.45) to Dec. 2023 (139.08).

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. Hang Tai Yue Group Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 0.66.

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. Hang Tai Yue Group Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.24.

Hang Tai Yue Group Holdings Days Inventory Historical Data

The historical data trend for Hang Tai Yue Group 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.

Hang Tai Yue Group Holdings Days Inventory Chart

Hang Tai Yue Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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6.69

3.21

1.58

25.18

173.35

Hang Tai Yue Group Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															199.45	145.63	196.04	237.51	139.08

Competitive Comparison of Hang Tai Yue Group Holdings's Days Inventory

For the Information Technology Services subindustry, Hang Tai Yue Group 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.

Hang Tai Yue Group Holdings's Days Inventory Distribution in the Software Industry

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

* The bar in red indicates where Hang Tai Yue Group Holdings's Days Inventory falls into.

Hang Tai Yue Group Holdings Days Inventory Calculation

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

Hang Tai Yue Group 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
=	( (4.435	+	4.696)	/	2 )	/	9.613	*	365
=	4.5655					/	9.613	*	365
=	173.35

Hang Tai Yue Group 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	4.696)	/	1 )	/	3.081	*	365 / 4
=	4.696					/	3.081	*	365 / 4
=	139.08

Hang Tai Yue Group Holdings (HKSE:08081) 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.

Hang Tai Yue Group Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.081	/	4.696
	=	0.66

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.

Hang Tai Yue Group Holdings's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.696	/	19.44
	=	0.24

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.

Hang Tai Yue Group Holdings Days Inventory Related Terms

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

Hang Tai Yue Group Holdings (HKSE:08081) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hang Tai Yue Group Holdings Ltd (HKSE:08081) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 241-243 Nathan Road, 9th Floor, HKHC Tower, Kowloon, Hong Kong, HKG

Website

https://www.hangtaiyue.com

Hang Tai Yue Group Holdings Ltd is an investment holding company mainly engaged in the mobile internet cultural business and provision of information technology (IT) services. The Company operates its business through four segments. The Mobile Internet Cultural Business and Provision of IT Services segment is engaged in the provision of enterprise software applications and platform, as well as mobile internet applications and platform development outsourcing services, mainframe downsizing, application localization and systems integration. The Provision of Hospitality and Related Services in Australia segment is engaged in the hospitality business through its granges and resorts in Australia. The Money lending Business segment is engaged in the money lending business in Hong Kong.

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