Hengxin Technology (HKSE:01085) Days Inventory : 36.50 (As of Dec. 2023)

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What is Hengxin Technology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hengxin Technology's Average Total Inventories for the six months ended in Dec. 2023 was HK$210 Mil. Hengxin Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,051 Mil. Hence, Hengxin Technology's Days Inventory for the six months ended in Dec. 2023 was 36.50.

The historical rank and industry rank for Hengxin Technology's Days Inventory or its related term are showing as below:

HKSE:01085' s Days Inventory Range Over the Past 10 Years
Min: 34.72 Med: 45.94 Max: 58.83
Current: 35.98

During the past 13 years, Hengxin Technology's highest Days Inventory was 58.83. The lowest was 34.72. And the median was 45.94.

HKSE:01085's Days Inventory is ranked better than
90.2% of 2407 companies
in the Hardware industry
Industry Median: 101.78 vs HKSE:01085: 35.98

Hengxin Technology's Days Inventory declined from Dec. 2022 (45.24) to Dec. 2023 (36.50).

Inventory Turnover measures how fast the company turns over its inventory within a year. Hengxin Technology's Inventory Turnover for the six months ended in Dec. 2023 was 5.00.

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. Hengxin Technology's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.16.

Hengxin Technology Days Inventory Historical Data

The historical data trend for Hengxin Technology'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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Hengxin Technology Days Inventory Chart

Hengxin Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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44.73

40.67

49.08

47.15

34.72

Hengxin Technology 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															42.05	54.64	45.24	36.74	36.50

Competitive Comparison of Hengxin Technology's Days Inventory

For the Communication Equipment subindustry, Hengxin Technology'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.

Hengxin Technology's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hengxin Technology's Days Inventory distribution charts can be found below:

* The bar in red indicates where Hengxin Technology's Days Inventory falls into.

Hengxin Technology Days Inventory Calculation

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

Hengxin Technology'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
=	( (168.924	+	210.042)	/	2 )	/	1991.996	*	365
=	189.483					/	1991.996	*	365
=	34.72

Hengxin Technology'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
=	( (210.148	+	210.042)	/	2 )	/	1050.516	*	365 / 2
=	210.095					/	1050.516	*	365 / 2
=	36.50

Hengxin Technology (HKSE:01085) 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.

Hengxin Technology's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1050.516	/	210.095
	=	5.00

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.

Hengxin Technology's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	210.095	/	1298.657
	=	0.16

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.

Hengxin Technology Days Inventory Related Terms

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

Hengxin Technology (HKSE:01085) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hengxin Technology Ltd (HKSE:01085) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Tampines Central 1, No. 06-05 Tampines Plaza 2, Singapore, SGP, 529541

Website

https://www.hengxin.com.sg

Hengxin Technology Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the manufacturing of radio frequency (RF) coaxial cable series for mobile communications. It operates in the segments of Radiofrequency coaxial cables, Telecommunication and accessories, and Antennas. Its product portfolio includes RF coaxial cable series for mobile communications, coaxial cables for telecommunications equipment and accessories, and other products which include high-temperature-resistant cables and antennas. It derives a majority of its revenue from the sale of Radiofrequency coaxial cables.

Executives

Kingever Enterprises Limited	2101 Beneficial owner
Cui Wei	2201 Interest of corporation controlled by you

Hengxin Technology (HKSE:01085) Headlines

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