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Best Linking Group Holdings (HKSE:09882) Days Inventory : 68.58 (As of Jun. 2023)


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What is Best Linking Group Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Best Linking Group Holdings's Average Total Inventories for the three months ended in Jun. 2023 was HK$21.1 Mil. Best Linking Group Holdings's Cost of Goods Sold for the three months ended in Jun. 2023 was HK$28.0 Mil. Hence, Best Linking Group Holdings's Days Inventory for the three months ended in Jun. 2023 was 68.58.

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

HKSE:09882' s Days Inventory Range Over the Past 10 Years
Min: 96.23   Med: 198.07   Max: 356.94
Current: 100.47

During the past 7 years, Best Linking Group Holdings's highest Days Inventory was 356.94. The lowest was 96.23. And the median was 198.07.

HKSE:09882's Days Inventory is ranked better than
60.91% of 2911 companies
in the Industrial Products industry
Industry Median: 120.17 vs HKSE:09882: 100.47

Best Linking Group Holdings's Days Inventory declined from Jun. 2022 (106.76) to Jun. 2023 (68.58).

Inventory Turnover measures how fast the company turns over its inventory within a year. Best Linking Group Holdings's Inventory Turnover for the three months ended in Jun. 2023 was 1.33.

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. Best Linking Group Holdings's Inventory-to-Revenue for the three months ended in Jun. 2023 was 0.45.


Best Linking Group Holdings Days Inventory Historical Data

The historical data trend for Best Linking 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.

Best Linking Group Holdings Days Inventory Chart

Best Linking Group Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 257.06 198.07 116.07 120.81 96.23

Best Linking Group Holdings Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 110.97 125.22 107.19 68.58 -

Competitive Comparison of Best Linking Group Holdings's Days Inventory

For the Specialty Industrial Machinery subindustry, Best Linking 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.


Best Linking Group Holdings's Days Inventory Distribution in the Industrial Products Industry

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

* The bar in red indicates where Best Linking Group Holdings's Days Inventory falls into.



Best Linking Group Holdings Days Inventory Calculation

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

Best Linking 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
=( (20.634 + 23.125) / 2 ) / 82.99*365
=21.8795 / 82.99*365
=96.23

Best Linking Group Holdings's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

Days Inventory (Q: Jun. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (0 + 21.068) / 1 ) / 28.033*365 / 4
=21.068 / 28.033*365 / 4
=68.58

* 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.


Best Linking Group Holdings  (HKSE:09882) 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.

Best Linking Group Holdings's Inventory Turnover for the three months ended in Jun. 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.

Best Linking Group Holdings's Inventory to Revenue for the three months ended in Jun. 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.


Best Linking Group Holdings Days Inventory Related Terms

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


Best Linking Group Holdings (HKSE:09882) Business Description

Traded in Other Exchanges
N/A
Address
No. 6 Gongye 2nd Cross Road, Tutang 2nd Industrial Zone, Changping, Guangdong, Dongguan, CHN
Best Linking Group Holdings Ltd is a slewing ring manufacturer in China. These slewing rings have applications in the areas of construction machinery and equipment, wind turbines, military equipment, and robotics. Geographically, it derives a majority of its revenue from Singapore and also has a presence in Malaysia, Hong Kong, Japan, United States, China, Taiwan, Canada, Northern Island, Thailand, and other countries.

Best Linking Group Holdings (HKSE:09882) Headlines

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