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Hing Lee (HK) Holdings (HKSE:00396) Days Inventory : 13.40 (As of Jun. 2024)


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What is Hing Lee (HK) Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hing Lee (HK) Holdings's Average Total Inventories for the six months ended in Jun. 2024 was HK$3.8 Mil. Hing Lee (HK) Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$52.4 Mil. Hence, Hing Lee (HK) Holdings's Days Inventory for the six months ended in Jun. 2024 was 13.40.

The historical rank and industry rank for Hing Lee (HK) Holdings's Days Inventory or its related term are showing as below:

HKSE:00396' s Days Inventory Range Over the Past 10 Years
Min: 18.68   Med: 48.37   Max: 93.31
Current: 18.68

During the past 13 years, Hing Lee (HK) Holdings's highest Days Inventory was 93.31. The lowest was 18.68. And the median was 48.37.

HKSE:00396's Days Inventory is ranked better than
98.55% of 415 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 102.4 vs HKSE:00396: 18.68

Hing Lee (HK) Holdings's Days Inventory declined from Jun. 2023 (44.22) to Jun. 2024 (13.40).

Inventory Turnover measures how fast the company turns over its inventory within a year. Hing Lee (HK) Holdings's Inventory Turnover for the six months ended in Jun. 2024 was 13.62.

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. Hing Lee (HK) Holdings's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.06.


Hing Lee (HK) Holdings Days Inventory Historical Data

The historical data trend for Hing Lee (HK) 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.

Hing Lee (HK) Holdings Days Inventory Chart

Hing Lee (HK) Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.23 21.83 23.17 31.66 24.10

Hing Lee (HK) Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 39.13 51.96 44.22 22.94 13.40

Competitive Comparison of Hing Lee (HK) Holdings's Days Inventory

For the Furnishings, Fixtures & Appliances subindustry, Hing Lee (HK) 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.


Hing Lee (HK) Holdings's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hing Lee (HK) Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Hing Lee (HK) Holdings's Days Inventory falls into.



Hing Lee (HK) Holdings Days Inventory Calculation

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

Hing Lee (HK) 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
=( (5.385 + 4.099) / 2 ) / 71.808*365
=4.742 / 71.808*365
=24.10

Hing Lee (HK) Holdings's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

Days Inventory (Q: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (4.099 + 3.592) / 2 ) / 52.385*365 / 2
=3.8455 / 52.385*365 / 2
=13.40

* 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.


Hing Lee (HK) Holdings  (HKSE:00396) 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.

Hing Lee (HK) Holdings's Inventory Turnover for the six months ended in Jun. 2024 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.

Hing Lee (HK) Holdings's Inventory to Revenue for the six months ended in Jun. 2024 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.


Hing Lee (HK) Holdings Days Inventory Related Terms

Thank you for viewing the detailed overview of Hing Lee (HK) Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Hing Lee (HK) Holdings Business Description

Traded in Other Exchanges
N/A
Address
3 On Yiu Street, Shatin, Unit 1101, 11th Floor, Delta House, New Territories, Hong Kong, HKG
Hing Lee (HK) Holdings Ltd is an investment holding company principally engaged in the furniture business. The Company is engaged in the design, manufacture, sale, and marketing of residential furniture products, mainly including wooden furniture, sofas, and mattresses. The Company is also engaged in the provision of layout design and decoration services, marketing services related to product display, and licensing of its own brand and product designs.
Executives
Sung Kai Hing 2101 Beneficial owner
Wong Wai King 2202 Interest of your spouse

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