Days Inventory is also known as Days Sales of Inventory (DSI). Hilong Holding's Average Total Inventories for the
six
months ended in Jun. 2023 was HK$1,390 Mil. Hilong Holding's Cost of Goods Sold for the
six
months ended in Jun. 2023 was HK$1,580 Mil.
Hence, Hilong Holding's Days Inventory for the
six
months ended in Jun. 2023 was 160.49.
The historical rank and industry rank for Hilong Holding's Days Inventory or its related term are showing as below:
HKSE:01623'
s Days Inventory Range Over the Past 10 Years
Min: 129.63 Med: 167.12 Max: 240.12
Current: 170.44
During the past 13 years, Hilong Holding's highest Days Inventory was 240.12. The lowest was 129.63. And the median was 167.12.
HKSE:01623's Days Inventory is ranked worse than 90.81% of 729
companies
in the Oil & Gas industry
Industry Median: 31.29
vs HKSE:01623: 170.44
Hilong Holding's Days Inventory
declined
from Jun. 2022 (184.06) to Jun. 2023 (160.49).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Hilong Holding's Inventory Turnover for the
six
months ended in Jun. 2023 was 1.14.
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.
Hilong Holding's Inventory-to-Revenue for the
six
months ended in Jun. 2023 was 0.60.
Hilong Holding Days Inventory Historical Data
The historical data trend for Hilong Holding'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 Hilong Holding's Days Inventory
For the Oil & Gas Equipment & Services subindustry, Hilong Holding'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.
Hilong Holding's Days Inventory Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Hilong Holding's Days Inventory distribution charts can be found below:
* The bar in red indicates where Hilong Holding's Days Inventory falls into.
Hilong Holding Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Hilong Holding's Days Inventory for the fiscal year that ended in Dec. 2022 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.
Hilong Holding (HKSE:01623) 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.
Hilong Holding's Inventory Turnover for the
six
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.
Hilong Holding's Inventory to Revenue for the
six
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.
Hilong Holding Days Inventory Related Terms
Thank you for viewing the detailed overview of Hilong Holding's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Hilong Holding Ltd manufactures and distributes oil and gas drilling equipment and coating materials, and provisions coating, oilfield, and offshore engineering services. Its segments include Oilfield equipment manufacturing and services including the production of oilfield equipment and provision of OCTG coating services; Line pipe technology and services including the provision of services related to oil and gas pipelines and production of coating materials for anti-corrosive and anti-friction purposes; Oilfield services including the provision of well drilling services, integrated comprehensive services, OCTG trading and related services to oil and gas producers; and Offshore engineering services includes the provision of offshore engineering services and offshore design services.
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