New Hope Service Holdings (HKSE:03658) Days Inventory : 0.14 (As of Dec. 2023)

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What is New Hope Service Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). New Hope Service Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$0 Mil. New Hope Service Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$489 Mil. Hence, New Hope Service Holdings's Days Inventory for the six months ended in Dec. 2023 was 0.14.

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

HKSE:03658' s Days Inventory Range Over the Past 10 Years
Min: 0.11 Med: 0.18 Max: 0.2
Current: 0.14

During the past 6 years, New Hope Service Holdings's highest Days Inventory was 0.20. The lowest was 0.11. And the median was 0.18.

HKSE:03658's Days Inventory is ranked better than
99.48% of 1342 companies
in the Real Estate industry
Industry Median: 695.655 vs HKSE:03658: 0.14

New Hope Service Holdings's Days Inventory declined from Dec. 2022 (0.16) to Dec. 2023 (0.14).

Inventory Turnover measures how fast the company turns over its inventory within a year. New Hope Service Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 1,323.02.

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. New Hope Service Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.

New Hope Service Holdings Days Inventory Historical Data

The historical data trend for New Hope Service 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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New Hope Service Holdings Days Inventory Chart

New Hope Service Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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0.11

0.18

0.19

0.17

0.16

New Hope Service Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial						0.19	0.16	0.17	0.14	0.14

Competitive Comparison of New Hope Service Holdings's Days Inventory

For the Real Estate Services subindustry, New Hope Service 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.

New Hope Service Holdings's Days Inventory Distribution in the Real Estate Industry

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

* The bar in red indicates where New Hope Service Holdings's Days Inventory falls into.

New Hope Service Holdings Days Inventory Calculation

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

New Hope Service 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
=	( (0.405	+	0.4)	/	2 )	/	897.455	*	365
=	0.4025					/	897.455	*	365
=	0.16

New Hope Service Holdings'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
=	( (0.339	+	0.4)	/	2 )	/	488.855	*	365 / 2
=	0.3695					/	488.855	*	365 / 2
=	0.14

New Hope Service Holdings (HKSE:03658) 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.

New Hope Service Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	488.855	/	0.3695
	=	1,323.02

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.

New Hope Service Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.3695	/	722.92
	=	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.

New Hope Service Holdings Days Inventory Related Terms

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

New Hope Service Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » New Hope Service Holdings Ltd (HKSE:03658) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 366 Jinshi Road, 16th Floor, Building 2, New Hope Zhongding International, Jinjiang District, Chengdu, Sichuan, CHN, 610000

Website

https://www.newhopeservice.com.cn

New Hope Service Holdings Ltd is a Chinese comprehensive property management and livelihood service operator, providing property management services, nonprofit Owner's value-added services, commercial operation services, and life services.

Executives

Li Wei	2202 Interest of your spouse
Chen Jing	2201 Interest of corporation controlled by you
Zhang Minggui	2201 Interest of corporation controlled by you
Wu Min	2201 Interest of corporation controlled by you
Tmf Trust (hk) Limited	2301 Trustee
New Voyage Development Limited	2101 Beneficial owner
New Range Development Limited	2201 Interest of corporation controlled by you
Jiang Mengjun	2201 Interest of corporation controlled by you
Huang Kun	2201 Interest of corporation controlled by you
Adventure Way Pte. Ltd.	2501 Other
Vistra Trust (singapore) Pte. Limited	2301 Trustee
Sea Glory Developments Limited	2201 Interest of corporation controlled by you
New Prosperity Development Limited	2201 Interest of corporation controlled by you
Medea Investments Limited	2201 Interest of corporation controlled by you
Liu Yonghao	2201 Interest of corporation controlled by you

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