Acme International Holdings (HKSE:01870) Days Inventory : 8.86 (As of Jun. 2024)

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What is Acme International Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Acme International Holdings's Average Total Inventories for the six months ended in Jun. 2024 was HK$3.1 Mil. Acme International Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$63.1 Mil. Hence, Acme International Holdings's Days Inventory for the six months ended in Jun. 2024 was 8.86.

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

HKSE:01870' s Days Inventory Range Over the Past 10 Years
Min: 5.76 Med: 15.58 Max: 101.21
Current: 13.46

During the past 9 years, Acme International Holdings's highest Days Inventory was 101.21. The lowest was 5.76. And the median was 15.58.

HKSE:01870's Days Inventory is ranked better than
72.52% of 1459 companies
in the Construction industry
Industry Median: 48.2 vs HKSE:01870: 13.46

Acme International Holdings's Days Inventory declined from Jun. 2023 (39.77) to Jun. 2024 (8.86).

Inventory Turnover measures how fast the company turns over its inventory within a year. Acme International Holdings's Inventory Turnover for the six months ended in Jun. 2024 was 20.61.

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. Acme International Holdings's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.04.

Acme International Holdings Days Inventory Historical Data

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

Acme International Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Inventory

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19.53

101.21

64.52

18.81

16.97

Acme International Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Inventory	Get a 7-Day Free Trial										58.84	39.77	15.23	8.86	13.70

Competitive Comparison of Acme International Holdings's Days Inventory

For the Engineering & Construction subindustry, Acme 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.

Acme International Holdings's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Acme International Holdings's Days Inventory distribution charts can be found below:

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

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Acme International Holdings Days Inventory Calculation

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

Acme International 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
=	( (10.954	+	3.437)	/	2 )	/	139.614	*	365
=	7.1955					/	139.614	*	365
=	18.81

Acme International Holdings'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
=	( (3.437	+	2.683)	/	2 )	/	63.06	*	365 / 2
=	3.06					/	63.06	*	365 / 2
=	8.86

Acme International Holdings (HKSE:01870) 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.

Acme International Holdings's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	63.06	/	3.06
	=	20.61

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.

Acme International Holdings's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.06	/	83.932
	=	0.04

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.

Acme International Holdings Days Inventory Related Terms

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

Acme International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Acme International Holdings Ltd (HKSE:01870) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Unit 3007-3008, 30 Floor, West Tower, Shun Tak Centre, Sheung Wan, Hong Kong, HKG

Website

https://www.acmehld.com

Acme International Holdings Ltd is engaged in providing one-stop design and build solutions for BMU systems works, and development, design, production, and sales of new energy generation and energy storage systems, and provision of services for sales of electricity. The group has two reportable segments BMU Systems Business which is engaged in the provision of design and build solutions for BMU systems; and Green New Energy Business which is engaged in the development, design, production, and sale of new energy generation and energy storage system and provision of services for sales of electricity. It generates the majority of its revenue from the BMU Systems Business segment.

Executives

Treasure Ship Holding Limited	2101 Beneficial owner
Lin Zhang	2201 Interest of corporation controlled by you
Timeness Vision Limited	2201 Interest of corporation controlled by you
Teng Rongsong	2201 Interest of corporation controlled by you
Rr (bvi) Limited	2101 Beneficial owner
Kwan Kam Tim	2201 Interest of corporation controlled by you
Ma Lai Ling	2202 Interest of your spouse
Zhao Yuzhu	2101 Beneficial owner
Liao Shigang	2202 Interest of your spouse

Acme International Holdings Headlines

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