China Netcom Technology Holdings (China Netcom Technology Holdings) Days Inventory : 0.68 (As of Dec. 2023)

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What is China Netcom Technology Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Netcom Technology Holdings's Average Total Inventories for the three months ended in Dec. 2023 was $0.01 Mil. China Netcom Technology Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.67 Mil. Hence, China Netcom Technology Holdings's Days Inventory for the three months ended in Dec. 2023 was 0.68.

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

CNTTF' s Days Inventory Range Over the Past 10 Years
Min: 0.74 Med: 21.31 Max: 191.87
Current: 0.89

During the past 13 years, China Netcom Technology Holdings's highest Days Inventory was 191.87. The lowest was 0.74. And the median was 21.31.

CNTTF's Days Inventory is ranked better than
88.36% of 1564 companies
in the Software industry
Industry Median: 19.625 vs CNTTF: 0.89

China Netcom Technology Holdings's Days Inventory increased from Dec. 2022 (0.46) to Dec. 2023 (0.68). It might indicate that China Netcom Technology Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Netcom Technology Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 133.60.

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. China Netcom Technology Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.01.

China Netcom Technology Holdings Days Inventory Historical Data

The historical data trend for China Netcom Technology 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.

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China Netcom Technology Holdings Days Inventory Chart

China Netcom Technology Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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21.34

1.48

0.83

0.73

0.90

China Netcom Technology 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															0.46	0.90	0.88	1.35	0.68

Competitive Comparison of China Netcom Technology Holdings's Days Inventory

For the Software - Application subindustry, China Netcom Technology 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.

China Netcom Technology Holdings's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, China Netcom Technology Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Netcom Technology Holdings's Days Inventory falls into.

China Netcom Technology Holdings Days Inventory Calculation

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

China Netcom Technology 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
=	( (0.005	+	0.005)	/	2 )	/	2.037	*	365
=	0.005					/	2.037	*	365
=	0.90

China Netcom Technology 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	+	0.005)	/	1 )	/	0.668	*	365 / 4
=	0.005					/	0.668	*	365 / 4
=	0.68

China Netcom Technology Holdings (OTCPK:CNTTF) 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.

China Netcom Technology Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.668	/	0.005
	=	133.60

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.

China Netcom Technology Holdings's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.005	/	0.722
	=	0.01

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.

China Netcom Technology Holdings Days Inventory Related Terms

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

China Netcom Technology Holdings (China Netcom Technology Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » China Netcom Technology Holdings Ltd (OTCPK:CNTTF) » Definitions » Days Inventory

Comparable Companies

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08071:Hong Kong

Address

89 Queensway, Office 2401A, 24th Floor, Tower One, Lippo Centre, Hong Kong, HKG

Website

http://www.irasia.com/listco/hk/chinanetcom

China Netcom Technology Holdings Ltd and its subsidiaries are engaged in the Smart Retail Business, Financial Technology Services Business, Sports Training Business, and Lottery Business. The vast majority of its revenue is generated from Smart Retail Business, which is into the provision of new retail digital transformation solutions and new retail integrated software service platform to chain retailers and merchants, and extended services such as cloud services, omnichannel payment services, and SMS marketing services, etc. Geographically, the company has business operations in the PRC and Hong Kong, of which key revenue is derived from the PRC.

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