Risecomm Group Holdings (HKSE:01679) Days Inventory : 82.85 (As of Dec. 2023)

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What is Risecomm Group Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Risecomm Group Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$26.0 Mil. Risecomm Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$57.3 Mil. Hence, Risecomm Group Holdings's Days Inventory for the six months ended in Dec. 2023 was 82.85.

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

HKSE:01679' s Days Inventory Range Over the Past 10 Years
Min: 33.51 Med: 80.13 Max: 124.7
Current: 116.58

During the past 10 years, Risecomm Group Holdings's highest Days Inventory was 124.70. The lowest was 33.51. And the median was 80.13.

HKSE:01679's Days Inventory is ranked better than
55.46% of 943 companies
in the Semiconductors industry
Industry Median: 130.22 vs HKSE:01679: 116.58

Risecomm Group Holdings's Days Inventory increased from Dec. 2022 (67.69) to Dec. 2023 (82.85). It might indicate that Risecomm Group Holdings's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Risecomm Group Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 2.20.

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. Risecomm Group Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.40.

Risecomm Group Holdings Days Inventory Historical Data

The historical data trend for Risecomm Group 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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Risecomm Group Holdings Days Inventory Chart

Risecomm Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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70.74

47.48

33.51

74.53

116.65

Risecomm Group Holdings Semi-Annual Data
	Dec14	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													19.81	72.60	67.69	182.23	82.85

Competitive Comparison of Risecomm Group Holdings's Days Inventory

For the Semiconductors subindustry, Risecomm Group 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.

Risecomm Group Holdings's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Risecomm Group Holdings's Days Inventory distribution charts can be found below:

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

Risecomm Group Holdings Days Inventory Calculation

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

Risecomm Group 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
=	( (31.06	+	24.38)	/	2 )	/	86.737	*	365
=	27.72					/	86.737	*	365
=	116.65

Risecomm Group 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
=	( (27.672	+	24.38)	/	2 )	/	57.326	*	365 / 2
=	26.026					/	57.326	*	365 / 2
=	82.85

Risecomm Group Holdings (HKSE:01679) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	57.326	/	26.026
	=	2.20

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	26.026	/	65.366
	=	0.40

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.

Risecomm Group Holdings Days Inventory Related Terms

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

Risecomm Group Holdings (HKSE:01679) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Risecomm Group Holdings Ltd (HKSE:01679) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xili Street, 41st Floor, Block A, Building 8, Shenzhen International Innovation Valley, Nanshan Distric, Shenzhen, CHN, 518055

Website

https://www.risecomm.com.cn

Risecomm Group Holdings Ltd is an investment holding company. It operates in two business segments namely, Automated Meter Reading (AMR) and other includes design, development, and sale of power line communication products and energy-saving and environmental protection products and solutions used in streetlight control, building energy management, photovoltaic power management, and providing maintenance services in connections with the deployment and upgrading of AMR systems in PRC; and Smart manufacturing & industrial automation (SMIA) business segment includes the sales of the software license, safety products as well as the provision of software post-contract customers support services. It generates revenue from AMR business. Geographically, it derives revenue from the PRC.

Executives

Fu Xiaoqin	2101 Beneficial owner
Xindaxin Group Company Limited	2101 Beneficial owner
Silver Castle International Limited	2201 Interest of corporation controlled by you
Yan Andrew Y	2201 Interest of corporation controlled by you
Wu Yueshi	2201 Interest of corporation controlled by you
Sb Asia Investment Fund Ii L.p.	2101 Beneficial owner
Saif Partners Ii Lp	2201 Interest of corporation controlled by you
Saif Ii Gp Lp	2201 Interest of corporation controlled by you
Saif Ii Gp Capital Ltd.	2201 Interest of corporation controlled by you
Cisco Systems, Inc.	2201 Interest of corporation controlled by you
Liu Bei Bei	2101 Beneficial owner
Yu Lu	2101 Beneficial owner
Ding Zhigang	2101 Beneficial owner
Ning Jun	2101 Beneficial owner
Spitzer Fund Vi L.p.

Risecomm Group Holdings (HKSE:01679) Headlines

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