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First Service Holding (HKSE:02107) Days Inventory : 0.47 (As of Dec. 2023)


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What is First Service Holding Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). First Service Holding's Average Total Inventories for the six months ended in Dec. 2023 was HK$1 Mil. First Service Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$520 Mil. Hence, First Service Holding's Days Inventory for the six months ended in Dec. 2023 was 0.47.

The historical rank and industry rank for First Service Holding's Days Inventory or its related term are showing as below:

HKSE:02107' s Days Inventory Range Over the Past 10 Years
Min: 0.36   Med: 0.61   Max: 1.6
Current: 0.44

During the past 7 years, First Service Holding's highest Days Inventory was 1.60. The lowest was 0.36. And the median was 0.61.

HKSE:02107's Days Inventory is ranked better than
98.87% of 1327 companies
in the Real Estate industry
Industry Median: 694.58 vs HKSE:02107: 0.44

First Service Holding's Days Inventory increased from Dec. 2022 (0.35) to Dec. 2023 (0.47). It might indicate that First Service Holding's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. First Service Holding's Inventory Turnover for the six months ended in Dec. 2023 was 392.21.

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. First Service Holding's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.


First Service Holding Days Inventory Historical Data

The historical data trend for First Service Holding'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.

* Premium members only.

First Service Holding Days Inventory Chart

First Service Holding Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 1.50 0.61 0.37 0.36 0.49

First Service Holding Semi-Annual Data
Dec17 Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.33 0.37 0.35 0.35 0.47

Competitive Comparison of First Service Holding's Days Inventory

For the Real Estate Services subindustry, First Service Holding'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.


First Service Holding's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, First Service Holding's Days Inventory distribution charts can be found below:

* The bar in red indicates where First Service Holding's Days Inventory falls into.



First Service Holding Days Inventory Calculation

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

First Service Holding'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
=( (0.908 + 1.762) / 2 ) / 991.241*365
=1.335 / 991.241*365
=0.49

First Service Holding'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
=( (0.889 + 1.762) / 2 ) / 519.872*365 / 2
=1.3255 / 519.872*365 / 2
=0.47

* 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.


First Service Holding  (HKSE:02107) 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.

First Service Holding's Inventory Turnover for the six months ended in Dec. 2023 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.

First Service Holding's Inventory to Revenue for the six months ended in Dec. 2023 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.


First Service Holding Days Inventory Related Terms

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


First Service Holding (HKSE:02107) Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Xiangheyuan Road, Dongzhimenwai, 3rd Floor, Building 10, Wanguocheng MOMA, Dongcheng District, Beijing, CHN, 100028
First Service Holding Ltd is a provider of property management services and green living solutions that cover the full property life cycle. The company's service portfolio is segregated into three business lines Property management services comprising cleaning, security, gardening and repair and maintenance; Green living solutions comprising energy operation services, green technology consulting services, systems installation services and sales of its AIRDINO systems; and Value-added services comprising parking space management services, communal area leasing services, sales assistance services, home living services, and preliminary planning and design consultancy.
Executives
Zhang Peng
Zhang Lei
Wang Yujuan
Yu Jinmei
Hao Feng Tou Zi You Xian Gong Si
Shi Jia Ji Tuan Kong Gu You Xian Gong Si
Printrust Company (singapore) Limited 2301 Trustee
Dinghui Equity Investment Management (tianjin) Company Limited 2201 Interest of corporation controlled by you
Tianjin Yongtai Fengze Investment Consulting Company Limited 2201 Interest of corporation controlled by you
Hangzhou Dinghui New Trend Equity Investment Partnership (limited Partnership) 2201 Interest of corporation controlled by you
Joy Riding Limited 2101 Beneficial owner
Joy Deep Limited 2101 Beneficial owner
Vistra Trust (hong Kong) Limited 2301 Trustee
View Max Limited 2101 Beneficial owner
Huang Shiying 2307 Founder of a discretionary trust who can infl

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