Integrated Waste Solutions Group Holdings (HKSE:00923) Days Inventory : 7.83 (As of Sep. 2023)

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What is Integrated Waste Solutions Group Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Integrated Waste Solutions Group Holdings's Average Total Inventories for the six months ended in Sep. 2023 was HK$0.35 Mil. Integrated Waste Solutions Group Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$8.14 Mil. Hence, Integrated Waste Solutions Group Holdings's Days Inventory for the six months ended in Sep. 2023 was 7.83.

The historical rank and industry rank for Integrated Waste Solutions Group Holdings's Days Inventory or its related term are showing as below:

HKSE:00923' s Days Inventory Range Over the Past 10 Years
Min: 4.98 Med: 10.56 Max: 19.33
Current: 8.27

During the past 13 years, Integrated Waste Solutions Group Holdings's highest Days Inventory was 19.33. The lowest was 4.98. And the median was 10.56.

HKSE:00923's Days Inventory is ranked better than
92.65% of 449 companies
in the Conglomerates industry
Industry Median: 71.86 vs HKSE:00923: 8.27

Integrated Waste Solutions Group Holdings's Days Inventory declined from Sep. 2022 (12.03) to Sep. 2023 (7.83).

Inventory Turnover measures how fast the company turns over its inventory within a year. Integrated Waste Solutions Group Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 23.32.

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. Integrated Waste Solutions Group Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.02.

Integrated Waste Solutions Group Holdings Days Inventory Historical Data

The historical data trend for Integrated Waste Solutions Group 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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Integrated Waste Solutions Group Holdings Days Inventory Chart

Integrated Waste Solutions Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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11.64

15.77

19.33

10.60

10.52

Integrated Waste Solutions Group Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															14.21	17.90	12.03	8.38	7.83

Competitive Comparison of Integrated Waste Solutions Group Holdings's Days Inventory

For the Conglomerates subindustry, Integrated Waste Solutions Group 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.

Integrated Waste Solutions Group Holdings's Days Inventory Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Integrated Waste Solutions Group Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Integrated Waste Solutions Group Holdings's Days Inventory falls into.

Integrated Waste Solutions Group Holdings Days Inventory Calculation

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

Integrated Waste Solutions Group Holdings's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.641	+	0.359)	/	2 )	/	17.34	*	365
=	0.5					/	17.34	*	365
=	10.52

Integrated Waste Solutions Group Holdings's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.359	+	0.339)	/	2 )	/	8.138	*	365 / 2
=	0.349					/	8.138	*	365 / 2
=	7.83

Integrated Waste Solutions Group Holdings (HKSE:00923) 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.

Integrated Waste Solutions Group Holdings's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.138	/	0.349
	=	23.32

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.

Integrated Waste Solutions Group Holdings's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.349	/	20.876
	=	0.02

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.

Integrated Waste Solutions Group Holdings Days Inventory Related Terms

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Integrated Waste Solutions Group Holdings (HKSE:00923) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Integrated Waste Solutions Group Holdings Ltd (HKSE:00923) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Chun Cheong Street, Integrated Waste Solutions Building, Tseung Kwan O Industrial Estate, New Territories, Hong Kong, HKG

Website

https://www.iwsgh.com

Integrated Waste Solutions Group Holdings Ltd and its subsidiaries are engaged in the trading of recovered paper and materials, trading of tissue paper products, provision of confidential materials destruction services, and provision of logistics services. It has four operating business segments: Recovered paper and materials; Tissue paper products; Confidential materials destruction service (CMDS); and Logistics services. Geographically, it serves Hong Kong, Mainland China, South Korea, and other countries. The company derives the majority of its revenue from sales of Recovered paper and materials in Hong Kong.

Integrated Waste Solutions Group Holdings (HKSE:00923) Headlines

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