Hi Sun Technology (China) (HKSE:00818) Days Inventory : 3.98 (As of Dec. 2023)

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What is Hi Sun Technology (China) Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hi Sun Technology (China)'s Average Total Inventories for the six months ended in Dec. 2023 was HK$19 Mil. Hi Sun Technology (China)'s Cost of Goods Sold for the six months ended in Dec. 2023 was HK$883 Mil. Hence, Hi Sun Technology (China)'s Days Inventory for the six months ended in Dec. 2023 was 3.98.

The historical rank and industry rank for Hi Sun Technology (China)'s Days Inventory or its related term are showing as below:

HKSE:00818' s Days Inventory Range Over the Past 10 Years
Min: 3.16 Med: 13.89 Max: 23.32
Current: 4.06

During the past 13 years, Hi Sun Technology (China)'s highest Days Inventory was 23.32. The lowest was 3.16. And the median was 13.89.

HKSE:00818's Days Inventory is ranked better than
74.25% of 1561 companies
in the Software industry
Industry Median: 19.53 vs HKSE:00818: 4.06

Hi Sun Technology (China)'s Days Inventory increased from Dec. 2022 (3.26) to Dec. 2023 (3.98). It might indicate that Hi Sun Technology (China)'s sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hi Sun Technology (China)'s Inventory Turnover for the six months ended in Dec. 2023 was 45.80.

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. Hi Sun Technology (China)'s Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.01.

Hi Sun Technology (China) Days Inventory Historical Data

The historical data trend for Hi Sun Technology (China)'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.

Hi Sun Technology (China) Days Inventory Chart

Hi Sun Technology (China) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

11.06

13.97

8.63

3.16

4.06

Hi Sun Technology (China) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															8.41	2.86	3.26	4.13	3.98

Competitive Comparison of Hi Sun Technology (China)'s Days Inventory

For the Software - Infrastructure subindustry, Hi Sun Technology (China)'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.

Hi Sun Technology (China)'s Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Hi Sun Technology (China)'s Days Inventory distribution charts can be found below:

* The bar in red indicates where Hi Sun Technology (China)'s Days Inventory falls into.

Hi Sun Technology (China) Days Inventory Calculation

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

Hi Sun Technology (China)'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
=	( (18.732	+	19.474)	/	2 )	/	1716.987	*	365
=	19.103					/	1716.987	*	365
=	4.06

Hi Sun Technology (China)'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (19.069	+	19.474)	/	2 )	/	882.706	*	365 / 2
=	19.2715					/	882.706	*	365 / 2
=	3.98

Hi Sun Technology (China) (HKSE:00818) 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.

Hi Sun Technology (China)'s Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	882.706	/	19.2715
	=	45.80

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.

Hi Sun Technology (China)'s Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	19.2715	/	1398.551
	=	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.

Hi Sun Technology (China) Days Inventory Related Terms

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

Hi Sun Technology (China) (HKSE:00818) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hi Sun Technology (China) Ltd (HKSE:00818) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Harbour Road, Room 2515, 25th Floor, Sun Hung Kai Centre, Wanchai, HKG

Website

http://www.hisun.com.hk

Hi Sun Technology (China) Ltd has five operating segments: payment processing, financial solutions, electronic power meters, Information security chips & solutions, and platform operation solutions. The payment processing solutions segment is engaged in the provision of payment processing services, merchant recruiting, and related products and solutions. Financial solutions provide consulting, integration, and operation services of information technology products to financial institutions and banks. The firm manufactures electronic power meters primarily for the public sector. Platform operation solutions provide operational support for telecom and payment platform solutions. Its geographical segments are Mainland China and Hong Kong.

Executives

Kopernik Global Investors Llc	2102 Investment manager
Kui Man Chun	2101 Beneficial owner

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