Coolpoint Innonism Holding (HKSE:08040) Days Inventory : 0.13 (As of Sep. 2023)

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What is Coolpoint Innonism Holding Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Coolpoint Innonism Holding's Average Total Inventories for the three months ended in Sep. 2023 was HK$0.1 Mil. Coolpoint Innonism Holding's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$83.5 Mil. Hence, Coolpoint Innonism Holding's Days Inventory for the three months ended in Sep. 2023 was 0.13.

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

HKSE:08040' s Days Inventory Range Over the Past 10 Years
Min: 0.18 Med: 0.25 Max: 0.25
Current: 0.18

During the past 8 years, Coolpoint Innonism Holding's highest Days Inventory was 0.25. The lowest was 0.18. And the median was 0.25.

HKSE:08040's Days Inventory is ranked better than
97.94% of 680 companies
in the Business Services industry
Industry Median: 30.305 vs HKSE:08040: 0.18

Coolpoint Innonism Holding's Days Inventory increased from Sep. 2022 (0.00) to Sep. 2023 (0.13). It might indicate that Coolpoint Innonism Holding's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Coolpoint Innonism Holding's Inventory Turnover for the three months ended in Sep. 2023 was 713.91.

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. Coolpoint Innonism Holding's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.00.

Coolpoint Innonism Holding Days Inventory Historical Data

The historical data trend for Coolpoint Innonism 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.

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Coolpoint Innonism Holding Days Inventory Chart

Coolpoint Innonism Holding Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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0.25

Coolpoint Innonism Holding Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															-	-	0.29	0.23	0.13

Competitive Comparison of Coolpoint Innonism Holding's Days Inventory

For the Consulting Services subindustry, Coolpoint Innonism 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.

Coolpoint Innonism Holding's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Coolpoint Innonism Holding's Days Inventory distribution charts can be found below:

* The bar in red indicates where Coolpoint Innonism Holding's Days Inventory falls into.

Coolpoint Innonism Holding Days Inventory Calculation

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

Coolpoint Innonism Holding'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
=	( (0	+	0.163)	/	1 )	/	238.783	*	365
=	0.163					/	238.783	*	365
=	0.25

Coolpoint Innonism Holding'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: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	0.117)	/	1 )	/	83.528	*	365 / 4
=	0.117					/	83.528	*	365 / 4
=	0.13

Coolpoint Innonism Holding (HKSE:08040) 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.

Coolpoint Innonism Holding's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	83.528	/	0.117
	=	713.91

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.

Coolpoint Innonism Holding's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.117	/	87.444
	=	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.

Coolpoint Innonism Holding Days Inventory Related Terms

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Coolpoint Innonism Holding (HKSE:08040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Coolpoint Innonism Holding Ltd (HKSE:08040) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

63-65 Hung To Road, Room D, 12th Floor, Lucky Factory Building, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.coolpointinnonism.com

Coolpoint Innonism Holding Ltd is principally engaged in the provision of fitting-out, Nano-AM application services and renovation services in Hong Kong. The fitting-out and renovation services of the Group mainly include the provision of interior fitting-out and renovation services for different types of premises in the private sector, including residential apartments and residential dwellings, show flats, clubhouses, sale offices, public areas in residential and commercial buildings, office, shopping malls and shops in Hong Kong. Nano-Am application services include refers to the provision and application of nanophotocatalytic antifouling materials (the "Nano-AM") on various types of repairs and maintenance work for yachts.

Executives

Chen Yi-sung	2101 Beneficial owner
Advance Goal Group Limited	2101 Beneficial owner
Cheng Tsang Fu Dennis	2201 Interest of corporation controlled by you
Cheng Tsang Wai	2201 Interest of corporation controlled by you
Chow Siu Shan Juliana	2202 Interest of your spouse
Liu Lee Lee Lily	2201 Interest of corporation controlled by you

Coolpoint Innonism Holding (HKSE:08040) Headlines

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