Sky Light Holdings (HKSE:03882) Days Inventory : 173.19 (As of Jun. 2024)

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What is Sky Light Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sky Light Holdings's Average Total Inventories for the six months ended in Jun. 2024 was HK$104.1 Mil. Sky Light Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$109.7 Mil. Hence, Sky Light Holdings's Days Inventory for the six months ended in Jun. 2024 was 173.19.

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

HKSE:03882' s Days Inventory Range Over the Past 10 Years
Min: 39.93 Med: 132.5 Max: 200.76
Current: 169.63

During the past 10 years, Sky Light Holdings's highest Days Inventory was 200.76. The lowest was 39.93. And the median was 132.50.

HKSE:03882's Days Inventory is ranked worse than
87.78% of 671 companies
in the Business Services industry
Industry Median: 28.33 vs HKSE:03882: 169.63

Sky Light Holdings's Days Inventory declined from Jun. 2023 (199.73) to Jun. 2024 (173.19).

Inventory Turnover measures how fast the company turns over its inventory within a year. Sky Light Holdings's Inventory Turnover for the six months ended in Jun. 2024 was 1.05.

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. Sky Light Holdings's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.75.

Sky Light Holdings Days Inventory Historical Data

The historical data trend for Sky Light 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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Sky Light Holdings Days Inventory Chart

Sky Light Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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127.98

137.02

107.23

180.78

184.69

Sky Light Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial															142.86	212.75	199.73	171.04	173.19

Competitive Comparison of Sky Light Holdings's Days Inventory

For the Security & Protection Services subindustry, Sky Light 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.

Sky Light Holdings's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Sky Light Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sky Light Holdings's Days Inventory falls into.

Sky Light Holdings Days Inventory Calculation

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

Sky Light 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
=	( (139.873	+	118.985)	/	2 )	/	255.791	*	365
=	129.429					/	255.791	*	365
=	184.69

Sky Light Holdings's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (118.985	+	89.308)	/	2 )	/	109.745	*	365 / 2
=	104.1465					/	109.745	*	365 / 2
=	173.19

Sky Light Holdings (HKSE:03882) 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.

Sky Light Holdings's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	109.745	/	104.1465
	=	1.05

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.

Sky Light Holdings's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	104.1465	/	139.111
	=	0.75

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.

Sky Light Holdings Days Inventory Related Terms

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

Sky Light Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sky Light Holdings Ltd (HKSE:03882) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinsha Road, Building No. 8 & 1-2/FL, Building No. 9,Antuoshan High-tech Industrial Park, Shajing, Bao’An,, Shenzhen, CHN, 518104

Website

http://www.sky-light.com.hk

Sky Light Holdings Ltd, along with its subsidiaries, is engaged in the manufacture and distribution of home surveillance cameras, digital imaging products, and other electronic products. It focuses on the sale, development, and manufacture of imaging products that comprise home surveillance cameras, action cameras, and related accessories and other digital imaging products and engages in the sale, and development of cameras under its own brands. Geographically, it operates in the United States, which is the key revenue driver, Mainland China, European Union, and Hong kong, among others.

Executives

Tang Wing Fong Terry	2101 Beneficial owner
Lan Zhihua	2101 Beneficial owner
Antopex Limited	2306 Nominee for another person
Cmb Wing Lung (trustee) Limited	2301 Trustee
Wing Lung Bank (trustee) Limited	2301 Trustee

Sky Light Holdings Headlines

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