Modern Innovative Digital Technology Company (HKSE:02322) Days Inventory : 0.00 (As of Sep. 2024)

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What is Modern Innovative Digital Technology Company Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Modern Innovative Digital Technology Company's Average Total Inventories for the six months ended in Sep. 2024 was HK$0.00 Mil. Modern Innovative Digital Technology Company's Cost of Goods Sold for the six months ended in Sep. 2024 was HK$23.46 Mil. Hence, Modern Innovative Digital Technology Company's Days Inventory for the six months ended in Sep. 2024 was 0.00.

The historical rank and industry rank for Modern Innovative Digital Technology Company's Days Inventory or its related term are showing as below:

During the past 13 years, Modern Innovative Digital Technology Company's highest Days Inventory was 5.96. The lowest was 0.05. And the median was 1.51.

HKSE:02322's Days Inventory is not ranked ^*
in the Conglomerates industry.
Industry Median: 74.745
* Ranked among companies with meaningful Days Inventory only.

Modern Innovative Digital Technology Company's Days Inventory stayed the same from Sep. 2023 (0.00) to Sep. 2024 (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. Modern Innovative Digital Technology Company's Inventory-to-Revenue for the six months ended in Sep. 2024 was 0.00.

Modern Innovative Digital Technology Company Days Inventory Historical Data

The historical data trend for Modern Innovative Digital Technology Company'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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Modern Innovative Digital Technology Company Days Inventory Chart

Modern Innovative Digital Technology Company Annual Data

Trend

Mar15

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Mar17

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Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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0.05

Modern Innovative Digital Technology Company Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Modern Innovative Digital Technology Company's Days Inventory

For the Conglomerates subindustry, Modern Innovative Digital Technology Company'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.

Modern Innovative Digital Technology Company's Days Inventory Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Modern Innovative Digital Technology Company's Days Inventory distribution charts can be found below:

* The bar in red indicates where Modern Innovative Digital Technology Company's Days Inventory falls into.

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Modern Innovative Digital Technology Company Days Inventory Calculation

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

Modern Innovative Digital Technology Company's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	112.283	*	365
=	0					/	112.283	*	365
=	0.00

Modern Innovative Digital Technology Company's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	23.456	*	365 / 2
=	0					/	23.456	*	365 / 2
=	0.00

Modern Innovative Digital Technology Company (HKSE:02322) 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.

Modern Innovative Digital Technology Company's Inventory Turnover for the six months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	23.456	/	0
	=

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.

Modern Innovative Digital Technology Company's Inventory to Revenue for the six months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	35.644
	=	0.00

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.

Modern Innovative Digital Technology Company Days Inventory Related Terms

Thank you for viewing the detailed overview of Modern Innovative Digital Technology Company's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Modern Innovative Digital Technology Company Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Modern Innovative Digital Technology Company Ltd (HKSE:02322) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Suite 2202, 22nd Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

http://www.midt.hk

Modern Innovative Digital Technology Company Ltd formerly, Hong Kong ChaoShang Group Ltd is an investment holding company. It is engaged in Trading, Money lending & factoring segment, Finance leasing, and Finance Services. The trading segment is a key revenue driver, involved in the trading of goods in the PRC and Hong Kong. Money lending includes the provision of loan and factoring financing in Hong Kong and the PRC whereas, the finance leasing segment is engaged in the provision of finance leasing and sale-leaseback in the PRC. The financial services segment engaged in the provision of securities dealing broking, placing, underwriting, margin financing, and asset management services in Hong Kong. Geographically, it generates the majority of its revenue from the PRC.

Executives

Lau Hoi Kit	2101 Beneficial owner
Superb Smart Limited	2101 Beneficial owner
Zheng Juhua	2201 Interest of corporation controlled by you

Modern Innovative Digital Technology Company Headlines

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