Edvance International Holdings (HKSE:01410) Days Inventory : 10.92 (As of Sep. 2023)

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What is Edvance International Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Edvance International Holdings's Average Total Inventories for the six months ended in Sep. 2023 was HK$13.3 Mil. Edvance International Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$222.2 Mil. Hence, Edvance International Holdings's Days Inventory for the six months ended in Sep. 2023 was 10.92.

The historical rank and industry rank for Edvance International Holdings's Days Inventory or its related term are showing as below:

HKSE:01410' s Days Inventory Range Over the Past 10 Years
Min: 8.43 Med: 12.28 Max: 24.04
Current: 13.4

During the past 9 years, Edvance International Holdings's highest Days Inventory was 24.04. The lowest was 8.43. And the median was 12.28.

HKSE:01410's Days Inventory is ranked better than
56.12% of 1561 companies
in the Software industry
Industry Median: 19.53 vs HKSE:01410: 13.40

Edvance International Holdings's Days Inventory declined from Sep. 2022 (15.81) to Sep. 2023 (10.92).

Inventory Turnover measures how fast the company turns over its inventory within a year. Edvance International Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 16.71.

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. Edvance International Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.05.

Edvance International Holdings Days Inventory Historical Data

The historical data trend for Edvance International 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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Edvance International Holdings Days Inventory Chart

Edvance International Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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11.55

10.19

8.43

10.66

15.23

Edvance International Holdings Semi-Annual Data
	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													8.64	12.65	15.81	17.06	10.92

Competitive Comparison of Edvance International Holdings's Days Inventory

For the Software - Infrastructure subindustry, Edvance International 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.

Edvance International Holdings's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Edvance International Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Edvance International Holdings's Days Inventory falls into.

Edvance International Holdings Days Inventory Calculation

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

Edvance International 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
=	( (18.365	+	18.365)	/	2 )	/	440.19	*	365
=	18.365					/	440.19	*	365
=	15.23

Edvance International 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
=	( (18.365	+	8.218)	/	2 )	/	222.151	*	365 / 2
=	13.2915					/	222.151	*	365 / 2
=	10.92

Edvance International Holdings (HKSE:01410) 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.

Edvance International Holdings's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	222.151	/	13.2915
	=	16.71

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.

Edvance International Holdings's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	13.2915	/	290.659
	=	0.05

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.

Edvance International Holdings Days Inventory Related Terms

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

Edvance International Holdings (HKSE:01410) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Edvance International Holdings Ltd (HKSE:01410) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

98 How Ming Street, 25th Floor, Tower 1, The Millennity, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.edvanceintl.com

Edvance International Holdings Ltd is an investment holding company. The company is engaged in the provision of information technology security products and services. Its Cybersecurity products segment includes network security products, system security products and application and data security products. The cybersecurity services segment is engaged in the provision of technical implementation, maintenance, and support services. Digital assets Financial services and investment business refers to the provision of financial services to customers, venture investment and securities trading by the Group. It generates maximum revenue from the Cybersecurity security products segment. Geographically, it derives a majority of its revenue from Hong Kong.

Executives

Liu Yui Ting Raymond	2101 Beneficial owner
Success Vision International Group Limited	2101 Beneficial owner
Earning Gear Inc.	2101 Beneficial owner
Mind Bright Limited	2101 Beneficial owner
Cheng Chui Ying	2202 Interest of your spouse
Lin Fai	2202 Interest of your spouse
Lo Wai Ho Ashley	2201 Interest of corporation controlled by you
Tang Sing Hing Kenny	2201 Interest of corporation controlled by you
Yip Lai Ching	2202 Interest of your spouse
Cheung Mo Chi	2202 Interest of your spouse
Von John	2201 Interest of corporation controlled by you

Edvance International Holdings (HKSE:01410) Headlines

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