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Huabang Technology Holdings (HKSE:03638) Days Inventory : 21.16 (As of Sep. 2023)


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What is Huabang Technology Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Huabang Technology Holdings's Average Total Inventories for the six months ended in Sep. 2023 was HK$23.6 Mil. Huabang Technology Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$203.5 Mil. Hence, Huabang Technology Holdings's Days Inventory for the six months ended in Sep. 2023 was 21.16.

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

HKSE:03638' s Days Inventory Range Over the Past 10 Years
Min: 0.69   Med: 7.34   Max: 42.93
Current: 15.01

During the past 11 years, Huabang Technology Holdings's highest Days Inventory was 42.93. The lowest was 0.69. And the median was 7.34.

HKSE:03638's Days Inventory is ranked better than
97.09% of 2409 companies
in the Hardware industry
Industry Median: 101.86 vs HKSE:03638: 15.01

Huabang Technology Holdings's Days Inventory declined from Sep. 2022 (25.60) to Sep. 2023 (21.16).

Inventory Turnover measures how fast the company turns over its inventory within a year. Huabang Technology Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 8.63.

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. Huabang Technology Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.12.


Huabang Technology Holdings Days Inventory Historical Data

The historical data trend for Huabang Technology 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.

* Premium members only.

Huabang Technology Holdings Days Inventory Chart

Huabang Technology Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.87 25.62 6.94 3.12 17.18

Huabang Technology Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.81 10.57 25.60 12.80 21.16

Competitive Comparison of Huabang Technology Holdings's Days Inventory

For the Computer Hardware subindustry, Huabang Technology 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.


Huabang Technology Holdings's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Huabang Technology Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Huabang Technology Holdings's Days Inventory falls into.



Huabang Technology Holdings Days Inventory Calculation

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

Huabang Technology Holdings's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

Days Inventory (A: Mar. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2022 ) + Total Inventories (A: Mar. 2023 )) / count ) / Cost of Goods Sold (A: Mar. 2023 )*Days in Period
=( (14.74 + 27.672) / 2 ) / 450.657*365
=21.206 / 450.657*365
=17.18

Huabang Technology Holdings's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

Days Inventory (Q: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (27.672 + 19.504) / 2 ) / 203.485*365 / 2
=23.588 / 203.485*365 / 2
=21.16

* 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.


Huabang Technology Holdings  (HKSE:03638) 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.

Huabang Technology Holdings's Inventory Turnover for the six months ended in Sep. 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.

Huabang Technology Holdings's Inventory to Revenue for the six months ended in Sep. 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.


Huabang Technology Holdings Days Inventory Related Terms

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


Huabang Technology Holdings (HKSE:03638) Business Description

Traded in Other Exchanges
N/A
Address
39 Wang Chiu Road, 33rd Floor, Enterprise Square Three, Kowloon Bay, Kowloon, Hong Kong, HKG
Huabang Technology Holdings Ltd is an investment holding company. The operating segments of the company include the Trading segment (Computer and peripheral products business and electronics products), the Food trading business, and the Financial Services business (including securities brokerage business, advisory services business, and money lending business). The company generates maximum revenue from the Computer and peripheral products business segment.
Executives
Cheung Lit Wan Kenneth 2201 Interest of corporation controlled by you
Talent Virtue International Limited 2101 Beneficial owner
Forever Star Capital Limited 2101 Beneficial owner
Shen Wei 2201 Interest of corporation controlled by you
Luo Jian 2101 Beneficial owner
Lin Rui Ping 2101 Beneficial owner
Lu George 2202 Interest of your spouse
Xin Bang Jin Rong Ji Tuan You Xian Gong Si 2101 Beneficial owner
China Goldjoy Securities Limited

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