Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
REF HoldingsHKSE:01631 50 Days Inventory is 0.00 as of Dec. 2025. GuruFocus rates HKSE:01631 with a GF Score™ of 50/100 and a GF Value™ of HK$0.23 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 671 Business Services companies, REF Holdings ranks worse than 149031.15% on this metric.
Days Inventory is also known as Days Sales of Inventory (DSI). REF Holdings's Average Total Inventories for the
six
months ended in Dec. 2025 was HK$0.00 Mil. REF Holdings's Cost of Goods Sold for the
six
months ended in Dec. 2025 was HK$20.79 Mil.
Hence, REF Holdings's Days Inventory for the
six
months ended in Dec. 2025 was 0.00.
The historical rank and industry rank for REF Holdings's Days Inventory or its related term are showing as below:
During the past 12 years, REF Holdings's highest Days Inventory was 8.24. The lowest was 5.89. And the median was 6.84.
HKSE:01631's Days Inventory is not ranked *
in the Business Services industry.
Industry Median: 25.85 * Ranked among companies with meaningful Days Inventory only.
REF Holdings's Days Inventory
stayed the same
from Dec. 2024 (0.00) to Dec. 2025 (0.00).
Inventory Turnover measures how fast the company turns over its inventory within a year.
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.
REF Holdings's Inventory-to-Revenue for the
six
months ended in Dec. 2025 was 0.00.
REF Holdings (HKSE:01631) 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.
REF Holdings's Inventory Turnover for the
six
months ended in Dec. 2025 is calculated as
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.
REF Holdings's Inventory to Revenue for the
six
months ended in Dec. 2025 is calculated as
* 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.
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.
REF Holdings Days Inventory Related Terms
REF Holdings Days Inventory Historical Data
* Premium members only.
The historical data trend for REF 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.
HKSE:01631 vs CTAS, CPRT, GPN: Days Inventory Comparison
For the Specialty Business Services subindustry, REF 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.
REF Holdings Days Inventory vs Business Services Industry
For the Business Services industry and Industrials sector, REF Holdings's Days Inventory distribution charts can be found below:
* The bar in red indicates where REF Holdings's Days Inventory falls into.
* 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.
REF Holdings (HKSE:01631) has a Days Inventory of 0.00 as of Dec. 2025. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on REF Holdings and its competitors. Over the past decade, REF Holdings' Days Inventory has ranged from 5.89 to 8.24. According to the industry distribution chart, REF Holdings ranks #999999 out of 671 companies in the Business Services industry.
Is REF Holdings' Days Inventory too high?
REF Holdings' current Days Inventory is 0.00. Over the past 10 years, this metric has ranged from a low of 5.89 to a high of 8.24. Based on the distribution chart, REF Holdings ranks #999999 out of 671 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, REF Holdings has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does REF Holdings' Days Inventory compare to CTAS and CPRT?
According to the Business Services industry distribution chart, REF Holdings ranks #999999 out of 671 companies for Days Inventory. This places REF Holdings in the lower half of its industry. The industry median Days Inventory is 25.85. Historically, REF Holdings' own Days Inventory has ranged from 5.89 to 8.24 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Business Services company?
The median Days Inventory among Business Services companies is 25.85, based on 671 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on REF Holdings and its competitors. For the Business Services industry, the median Days Inventory is 25.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. REF Holdings's current Days Inventory is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is REF Holdings stock overvalued right now?
Based on GuruFocus' analysis, REF Holdings (HKSE:01631) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.23, compared to a current price of HK$1.38 — trading 500% above its estimated fair value. The current Days Inventory is 0.00. REF Holdings' overall GF Score™ is 50/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For REF Holdings (HKSE:01631), the current Days Inventory is 0.00 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is REF Holdings (HKSE:01631) Overvalued in 2026?
Based on GuruFocus' analysis, REF Holdings stock appears to be overvalued.
The current stock price of HK$1.38 is trading 500% above its estimated GF Value™ of HK$0.23.
GuruFocus considers REF Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:01631:
Days Inventory: 0.00
GF Value™: HK$0.23 vs. price of HK$1.38 (500% above fair value)
No single metric tells the full story. See the HKSE:01631 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
REF Holdings Ltd provides financial printing, which comprises cover printing of listing documents, financial reports, compliance documents, and other documents. The convenient financial printing services include typesetting, proofreading, translation, design, printing, web submission, media placement, and distribution. The services of the group can be categorized into printing, translation, and media placement. The company generates revenue from the provision of financial printing services and investment holdings.
50GF Score
Get the complete analysis for HKSE:01631
Days Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:01631 has been successfully added to your 
