Days Inventory is also known as Days Sales of Inventory (DSI). Harris Technology Group's Average Total Inventories for the
six
months ended in Dec. 2023 was A$4.38 Mil. Harris Technology Group's Cost of Goods Sold for the
six
months ended in Dec. 2023 was A$6.44 Mil.
Hence, Harris Technology Group's Days Inventory for the
six
months ended in Dec. 2023 was 124.09.
The historical rank and industry rank for Harris Technology Group's Days Inventory or its related term are showing as below:
ASX:HT8'
s Days Inventory Range Over the Past 10 Years
Min: 26.77 Med: 70.37 Max: 368.84
Current: 132.11
During the past 13 years, Harris Technology Group's highest Days Inventory was 368.84. The lowest was 26.77. And the median was 70.37.
ASX:HT8's Days Inventory is ranked worse than 58.15% of 1068
companies
in the Retail - Cyclical industry
Industry Median: 110.545
vs ASX:HT8: 132.11
Harris Technology Group's Days Inventory
increased
from Dec. 2022 (109.18) to Dec. 2023 (124.09).
It might indicate that Harris Technology Group's sales slowed down.
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.
Harris Technology Group's Inventory Turnover for the
six
months ended in Dec. 2023 was 1.47.
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.
Harris Technology Group's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.50.
Harris Technology Group Days Inventory Historical Data
The historical data trend for Harris Technology Group'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.
Competitive Comparison of Harris Technology Group's Days Inventory
For the Internet Retail subindustry, Harris Technology Group'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.
Harris Technology Group's Days Inventory Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Harris Technology Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where Harris Technology Group's Days Inventory falls into.
Harris Technology Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Harris Technology Group's Days Inventory for the fiscal year that 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.
Harris Technology Group (ASX:HT8) 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.
Harris Technology Group's Inventory Turnover for the
six
months ended in Dec. 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.
Harris Technology Group's Inventory to Revenue for the
six
months ended in Dec. 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.
Harris Technology Group Days Inventory Related Terms
Thank you for viewing the detailed overview of Harris Technology Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Harris Technology Group (ASX:HT8) Business Description
Harris Technology Group Ltd is engaged in technology distribution and online retailing businesses. The company engages in the online retail of IT products. It also imports and distributes computer accessories comprising peripherals and accessories to resellers and retailers; and distributed audio, video, and multimedia accessories to channel distributors, dealers, and retail chain stores. With E-Commerce systems developed, Harris Technology has the ability to rapidly list a large variety of products across multiple marketplaces efficiently with multiple images, product specifications and item descriptions. Geographically, it operates in Australia.
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