Star Shine Holdings Group (HKSE:01440) Days Inventory : 5.03 (As of Jun. 2024)

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What is Star Shine Holdings Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Star Shine Holdings Group's Average Total Inventories for the six months ended in Jun. 2024 was HK$7.3 Mil. Star Shine Holdings Group's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$264.0 Mil. Hence, Star Shine Holdings Group's Days Inventory for the six months ended in Jun. 2024 was 5.03.

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

HKSE:01440' s Days Inventory Range Over the Past 10 Years
Min: 5.61 Med: 26.94 Max: 31.21
Current: 5.61

During the past 7 years, Star Shine Holdings Group's highest Days Inventory was 31.21. The lowest was 5.61. And the median was 26.94.

HKSE:01440's Days Inventory is ranked better than
99.4% of 1493 companies
in the Chemicals industry
Industry Median: 79.65 vs HKSE:01440: 5.61

Star Shine Holdings Group's Days Inventory declined from Jun. 2023 (32.50) to Jun. 2024 (5.03).

Inventory Turnover measures how fast the company turns over its inventory within a year. Star Shine Holdings Group's Inventory Turnover for the six months ended in Jun. 2024 was 36.31.

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. Star Shine Holdings Group's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.02.

Star Shine Holdings Group Days Inventory Historical Data

The historical data trend for Star Shine Holdings Group'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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Star Shine Holdings Group Days Inventory Chart

Star Shine Holdings Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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24.41

27.22

26.94

24.65

8.97

Star Shine Holdings Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial								25.70	29.15	32.50	5.75	5.03

Competitive Comparison of Star Shine Holdings Group's Days Inventory

For the Specialty Chemicals subindustry, Star Shine Holdings Group'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.

Star Shine Holdings Group's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Star Shine Holdings Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Star Shine Holdings Group's Days Inventory falls into.

Star Shine Holdings Group Days Inventory Calculation

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

Star Shine Holdings Group'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
=	( (8.883	+	6.892)	/	2 )	/	321.032	*	365
=	7.8875					/	321.032	*	365
=	8.97

Star Shine Holdings Group'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
=	( (6.892	+	7.652)	/	2 )	/	264.011	*	365 / 2
=	7.272					/	264.011	*	365 / 2
=	5.03

Star Shine Holdings Group (HKSE:01440) 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.

Star Shine Holdings Group's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	264.011	/	7.272
	=	36.31

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.

Star Shine Holdings Group's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.272	/	294.324
	=	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.

Star Shine Holdings Group Days Inventory Related Terms

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

Star Shine Holdings Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Star Shine Holdings Group Ltd (HKSE:01440) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3888, Chigang Hanxin Road, Jiangkou Town, Hanjiang District, Fujian, Putian, CHN

Website

http://www.ds-lace.com

Star Shine Holdings Group Ltd, formerly Deyun Holding Ltd is an investment holding company. It is engaged in the manufacturing of lace and the provision of dyeing services and the sales of footwear products to its customers. It derives revenue from the provision of dyeing services which involves the provision of dyeing services of lace and swim-wear fabrics based on customers' orders. It derives key revenue from the PRC.

Executives

Glorious Way Investments Limited	2101 Beneficial owner
Tsoi Wing Sing	2201 Interest of corporation controlled by you
Wu Chou Har	2202 Interest of your spouse
Deyong Investment Co., Ltd	2101 Beneficial owner
Jiang Yanyun	2202 Interest of your spouse
Lin Bingzhong	2103 Interests held jointly with another person
Lin Chaowei	2103 Interests held jointly with another person
Lin Chaowen	2103 Interests held jointly with another person
Lin Minqiang	2103 Interests held jointly with another person
Lin Yueyun	2202 Interest of your spouse
Lin Yunzhen	2202 Interest of your spouse
Zheng Xiuqin	2202 Interest of your spouse
Lin Chao Ji	2103 Interests held jointly with another person
Lin Ai Mei	2202 Interest of your spouse

Star Shine Holdings Group Headlines

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