Asian Capital Resources holdings (HKSE:08025) Days Inventory : 0.59 (As of Sep. 2022)

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What is Asian Capital Resources holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Asian Capital Resources holdings's Average Total Inventories for the three months ended in Sep. 2022 was HK$0.15 Mil. Asian Capital Resources holdings's Cost of Goods Sold for the three months ended in Sep. 2022 was HK$23.47 Mil. Hence, Asian Capital Resources holdings's Days Inventory for the three months ended in Sep. 2022 was 0.59.

The historical rank and industry rank for Asian Capital Resources holdings's Days Inventory or its related term are showing as below:

HKSE:08025's Days Inventory is not ranked ^*
in the Asset Management industry.
Industry Median: 75.875
* Ranked among companies with meaningful Days Inventory only.

Asian Capital Resources holdings's Days Inventory declined from Sep. 2021 (60.33) to Sep. 2022 (0.59).

Inventory Turnover measures how fast the company turns over its inventory within a year. Asian Capital Resources holdings's Inventory Turnover for the three months ended in Sep. 2022 was 154.41.

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. Asian Capital Resources holdings's Inventory-to-Revenue for the three months ended in Sep. 2022 was 0.00.

Asian Capital Resources holdings Days Inventory Historical Data

The historical data trend for Asian Capital Resources 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.

Asian Capital Resources holdings Days Inventory Chart

Asian Capital Resources holdings Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Inventory

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78.79

31.74

Asian Capital Resources holdings Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Days Inventory	Get a 7-Day Free Trial															60.33	-	2.41	693.50	0.59

Competitive Comparison of Asian Capital Resources holdings's Days Inventory

For the Asset Management subindustry, Asian Capital Resources 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.

Asian Capital Resources holdings's Days Inventory Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Asian Capital Resources holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Asian Capital Resources holdings's Days Inventory falls into.

Asian Capital Resources holdings Days Inventory Calculation

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

Asian Capital Resources holdings's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

	Days Inventory (A: Dec. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (0.582	+	0.152)	/	2 )	/	4.22	*	365
=	0.367					/	4.22	*	365
=	31.74

Asian Capital Resources holdings's Days Inventory for the quarter that ended in Sep. 2022 is calculated as:

	Days Inventory (Q: Sep. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
=	( (0.152	+	0)	/	1 )	/	23.47	*	365 / 4
=	0.152					/	23.47	*	365 / 4
=	0.59

Asian Capital Resources holdings (HKSE:08025) 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.

Asian Capital Resources holdings's Inventory Turnover for the three months ended in Sep. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	23.47	/	0.152
	=	154.41

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.

Asian Capital Resources holdings's Inventory to Revenue for the three months ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.152	/	30.938
	=	0.00

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.

Asian Capital Resources holdings Days Inventory Related Terms

Thank you for viewing the detailed overview of Asian Capital Resources holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Asian Capital Resources holdings (HKSE:08025) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Asian Capital Resources holdings (HKSE:08025) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

27, Hillier Street, Room 2102, 21st Floor, Fu Fai Commercial Centre, Sheung Wan, HKG

Website

http://www.airnet.com.hk

Asian Capital Resources holdings, along with its subsidiaries, operates in two segments: Consultancy Services and Media Services which involves internet and software development and maintenance services, traditional media and internet media content production services and media content design services and provide marketing services to promote products on internet platforms for customers. The vast majority of its revenue comes from the Consultancy Services segment, which provides private investment fund management and consultancy services, internet & software development, and maintenance services. The company's geographical segments are China and Hong Kong, of which all of its revenue comes from China.

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