Changhong Jiahua Holding (HKSE:03991) Days Inventory : 42.02 (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Changhong Jiahua Holding Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Changhong Jiahua Holding's Average Total Inventories for the six months ended in Dec. 2023 was HK$4,490 Mil. Changhong Jiahua Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$19,501 Mil. Hence, Changhong Jiahua Holding's Days Inventory for the six months ended in Dec. 2023 was 42.02.

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

HKSE:03991' s Days Inventory Range Over the Past 10 Years
Min: 24.36 Med: 29.98 Max: 52.71
Current: 48.39

During the past 13 years, Changhong Jiahua Holding's highest Days Inventory was 52.71. The lowest was 24.36. And the median was 29.98.

HKSE:03991's Days Inventory is ranked better than
82.23% of 2409 companies
in the Hardware industry
Industry Median: 101.78 vs HKSE:03991: 48.39

Changhong Jiahua Holding's Days Inventory increased from Dec. 2022 (41.80) to Dec. 2023 (42.02). It might indicate that Changhong Jiahua Holding's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Changhong Jiahua Holding's Inventory Turnover for the six months ended in Dec. 2023 was 4.34.

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. Changhong Jiahua Holding's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.22.

Changhong Jiahua Holding Days Inventory Historical Data

The historical data trend for Changhong Jiahua 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.

Changhong Jiahua Holding Days Inventory Chart

Changhong Jiahua Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

27.98

24.36

28.70

44.08

52.71

Changhong Jiahua Holding Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															26.32	38.99	41.80	51.23	42.02

Competitive Comparison of Changhong Jiahua Holding's Days Inventory

For the Electronics & Computer Distribution subindustry, Changhong Jiahua 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.

Changhong Jiahua Holding's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Changhong Jiahua Holding's Days Inventory distribution charts can be found below:

* The bar in red indicates where Changhong Jiahua Holding's Days Inventory falls into.

Changhong Jiahua Holding Days Inventory Calculation

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

Changhong Jiahua Holding'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
=	( (5284.511	+	5074.77)	/	2 )	/	35870.017	*	365
=	5179.6405					/	35870.017	*	365
=	52.71

Changhong Jiahua Holding'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
=	( (3905.894	+	5074.77)	/	2 )	/	19501.17	*	365 / 2
=	4490.332					/	19501.17	*	365 / 2
=	42.02

Changhong Jiahua Holding (HKSE:03991) 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.

Changhong Jiahua Holding's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	19501.17	/	4490.332
	=	4.34

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.

Changhong Jiahua Holding's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4490.332	/	20209.848
	=	0.22

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.

Changhong Jiahua Holding Days Inventory Related Terms

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

Changhong Jiahua Holding (HKSE:03991) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Changhong Jiahua Holding Ltd (HKSE:03991) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road, Unit 1412, 14th Foor, West Tower, Shun Tak Centre, Hong Kong, HKG

Website

https://www.changhongit.com

Changhong Jiahua Holding Ltd is an investment holding company. It operates through three segments viz. ICT Consumer Products which covers the distribution of ICT consumer products including personal computers, digital products, and IT accessories; ICT Corporate Products which is involved in the distribution of ICT corporate products including storage products, minicomputers, networking products, personal computer servers, and unified communication and contact center products; and Others include distribution of smartphones and development of its own-brand products including but not limited to intelligent terminals, sales of warranty packages and professional integrated ICT solutions and provision of ICT services. It derives prime revenue from Mainland China.

Executives

Zhu Jianqiu	2101 Beneficial owner
Changhong (hong Kong) Trading Ltd.	2201 Interest of corporation controlled by you
Sichuan Changhong Electric Co., Ltd.	2101 Beneficial owner
Fit Generation Holding Ltd.	2101 Beneficial owner

Changhong Jiahua Holding (HKSE:03991) Headlines

No Headlines