Howkingtech International Holding (HKSE:02440) Days Inventory : 5.41 (As of Jun. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Howkingtech International Holding Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Howkingtech International Holding's Average Total Inventories for the six months ended in Jun. 2023 was HK$4.9 Mil. Howkingtech International Holding's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$163.6 Mil. Hence, Howkingtech International Holding's Days Inventory for the six months ended in Jun. 2023 was 5.41.

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

HKSE:02440' s Days Inventory Range Over the Past 10 Years
Min: 3.54 Med: 10.51 Max: 16.9
Current: 3.54

During the past 5 years, Howkingtech International Holding's highest Days Inventory was 16.90. The lowest was 3.54. And the median was 10.51.

HKSE:02440's Days Inventory is ranked better than
90.48% of 294 companies
in the Telecommunication Services industry
Industry Median: 19.135 vs HKSE:02440: 3.54

Howkingtech International Holding's Days Inventory declined from Jun. 2022 (8.78) to Jun. 2023 (5.41).

Inventory Turnover measures how fast the company turns over its inventory within a year. Howkingtech International Holding's Inventory Turnover for the six months ended in Jun. 2023 was 33.72.

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. Howkingtech International Holding's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.03.

Howkingtech International Holding Days Inventory Historical Data

The historical data trend for Howkingtech International 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.

Howkingtech International Holding Days Inventory Chart

Howkingtech International Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

16.90

12.00

9.02

6.69

3.70

Howkingtech International Holding Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			-	8.78	5.89	5.41	2.04

Competitive Comparison of Howkingtech International Holding's Days Inventory

For the Telecom Services subindustry, Howkingtech International 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.

Howkingtech International Holding's Days Inventory Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Howkingtech International Holding's Days Inventory distribution charts can be found below:

* The bar in red indicates where Howkingtech International Holding's Days Inventory falls into.

Howkingtech International Holding Days Inventory Calculation

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

Howkingtech International Holding's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (3.07	+	6.275)	/	2 )	/	255.073	*	365
=	4.6725					/	255.073	*	365
=	6.69

Howkingtech International Holding's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (6.275	+	3.425)	/	2 )	/	163.565	*	365 / 2
=	4.85					/	163.565	*	365 / 2
=	5.41

Howkingtech International Holding (HKSE:02440) 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.

Howkingtech International Holding's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	163.565	/	4.85
	=	33.72

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.

Howkingtech International Holding's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.85	/	193.319
	=	0.03

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.

Howkingtech International Holding Days Inventory Related Terms

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

Howkingtech International Holding (HKSE:02440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Howkingtech International Holding Ltd (HKSE:02440) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, East Mozhou Road, Jiangning Economic and Technological Development Zone, Building B4, Nanjing, CHN

Website

http://www.howkingtech.com

Howkingtech International Holding Ltd is a provider for data transmission and processing services for IoT applications and telecommunication equipment in China, serving a broad range of industrial customers. It mainly provides customized data transmission and processing services to customers in manufacturing, municipal services and other industries in China, and research, develop and sell telecommunication equipment.

Executives

Wang Zheshi	2101 Beneficial owner
Chen Ping	2202 Interest of your spouse
Howkingtech Holding Limited	2101 Beneficial owner
Jin Yan	2201 Interest of corporation controlled by you
Ban Lifeng	2201 Interest of corporation controlled by you
Xie Xiongqing	2201 Interest of corporation controlled by you
Ye Xiang	2201 Interest of corporation controlled by you
Ding Di	2201 Interest of corporation controlled by you
Wu Chak Man	2101 Beneficial owner
Ning Bo Hui Xin Zhi Yuan Tou Zi Guan Li He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Ning Bo Xin Hui Qian Hai Gu Quan Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Jin Yuan Zhang Fu Qi Ye Guan Li He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Shen Zhen Hui Xin Qian Hai Gu Quan Tou Zi Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you

Howkingtech International Holding (HKSE:02440) Headlines

No Headlines