Sundart Holdings (HKSE:01568) Days Inventory : 3.84 (As of Dec. 2023)

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What is Sundart Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sundart Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$61 Mil. Sundart Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$2,902 Mil. Hence, Sundart Holdings's Days Inventory for the six months ended in Dec. 2023 was 3.84.

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

HKSE:01568' s Days Inventory Range Over the Past 10 Years
Min: 3.26 Med: 4.15 Max: 10.75
Current: 4.41

During the past 10 years, Sundart Holdings's highest Days Inventory was 10.75. The lowest was 3.26. And the median was 4.15.

HKSE:01568's Days Inventory is ranked better than
78.22% of 684 companies
in the Business Services industry
Industry Median: 28.405 vs HKSE:01568: 4.41

Sundart Holdings's Days Inventory increased from Dec. 2022 (2.97) to Dec. 2023 (3.84). It might indicate that Sundart Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sundart Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 47.55.

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. Sundart Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.02.

Sundart Holdings Days Inventory Historical Data

The historical data trend for Sundart 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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Sundart Holdings Days Inventory Chart

Sundart Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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3.43

3.39

3.26

4.54

4.43

Sundart Holdings Semi-Annual Data
	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														2.97	3.71	2.97	5.26	3.84

Competitive Comparison of Sundart Holdings's Days Inventory

For the Consulting Services subindustry, Sundart 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.

Sundart Holdings's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Sundart Holdings's Days Inventory distribution charts can be found below:

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

Sundart Holdings Days Inventory Calculation

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

Sundart Holdings'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
=	( (50.514	+	65.156)	/	2 )	/	4765.129	*	365
=	57.835					/	4765.129	*	365
=	4.43

Sundart Holdings'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
=	( (56.891	+	65.156)	/	2 )	/	2901.564	*	365 / 2
=	61.0235					/	2901.564	*	365 / 2
=	3.84

Sundart Holdings (HKSE:01568) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2901.564	/	61.0235
	=	47.55

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	61.0235	/	3326.171
	=	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.

Sundart Holdings Days Inventory Related Terms

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

Sundart Holdings (HKSE:01568) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sundart Holdings Ltd (HKSE:01568) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

370 Kwun Tong Road, 19th Floor, Millennium City 3, Kowloon, Hong Kong, HKG

Website

http://www.sundart.com

Sundart Holdings Ltd is an interior decorative company in Hong Kong. It specializes in providing interior works for residential properties and hotel projects. The company's reportable segments are Fitting-out works in Hong Kong; Fitting-out works in Macau; Fitting-out works in China; Fitting-out works in Singapore; Alteration, addition, and construction works in Hong Kong; and Manufacturing, sourcing and distribution of interior decorative materials. Geographically, the group has a business presence in Hong Kong, Macau, the PRC and Other countries, of which prime revenue is derived from the PRC.

Executives

Fu Haixia	2202 Interest of your spouse
Liu Zaiwang	2201 Interest of corporation controlled by you
Jiang He Chuang Jian Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Cai Yun Guo Ji Tou Zi You Xian Gong Si	2101 Beneficial owner
Yun Nan Sheng Cheng Shi Jian She Tou Zi Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Jangho Hong Kong Holdings Limited	2201 Interest of corporation controlled by you
Reach Glory International Limited	2101 Beneficial owner
Bei Jing Jiang He Yuan Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you

Sundart Holdings (HKSE:01568) Headlines

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