China United Venture Investment (HKSE:08159) Days Inventory : 78.30 (As of Sep. 2023)

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What is China United Venture Investment Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China United Venture Investment's Average Total Inventories for the three months ended in Sep. 2023 was HK$26.8 Mil. China United Venture Investment's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$31.3 Mil. Hence, China United Venture Investment's Days Inventory for the three months ended in Sep. 2023 was 78.30.

The historical rank and industry rank for China United Venture Investment's Days Inventory or its related term are showing as below:

HKSE:08159' s Days Inventory Range Over the Past 10 Years
Min: 28.78 Med: 47.71 Max: 68.12
Current: 65.55

During the past 13 years, China United Venture Investment's highest Days Inventory was 68.12. The lowest was 28.78. And the median was 47.71.

HKSE:08159's Days Inventory is not ranked
in the Hardware industry.
Industry Median: 101.86 vs HKSE:08159: 65.55

China United Venture Investment's Days Inventory declined from Sep. 2022 (83.60) to Sep. 2023 (78.30).

Inventory Turnover measures how fast the company turns over its inventory within a year. China United Venture Investment's Inventory Turnover for the three months ended in Sep. 2023 was 1.17.

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. China United Venture Investment's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.67.

China United Venture Investment Days Inventory Historical Data

The historical data trend for China United Venture Investment'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.

China United Venture Investment Days Inventory Chart

China United Venture Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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50.14

63.73

62.35

66.55

68.12

China United Venture Investment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															68.82	78.71	59.57	78.30	47.82

Competitive Comparison of China United Venture Investment's Days Inventory

For the Computer Hardware subindustry, China United Venture Investment'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.

China United Venture Investment's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, China United Venture Investment's Days Inventory distribution charts can be found below:

* The bar in red indicates where China United Venture Investment's Days Inventory falls into.

China United Venture Investment Days Inventory Calculation

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

China United Venture Investment'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
=	( (34.367	+	26.199)	/	2 )	/	162.251	*	365
=	30.283					/	162.251	*	365
=	68.12

China United Venture Investment'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
=	( (26.846	+	0)	/	1 )	/	31.285	*	365 / 4
=	26.846					/	31.285	*	365 / 4
=	78.30

China United Venture Investment (HKSE:08159) 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.

China United Venture Investment's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	31.285	/	26.846
	=	1.17

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.

China United Venture Investment's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	26.846	/	39.977
	=	0.67

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.

China United Venture Investment Days Inventory Related Terms

Thank you for viewing the detailed overview of China United Venture Investment's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

China United Venture Investment (HKSE:08159) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China United Venture Investment Ltd (HKSE:08159) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 12 Harcourt Road, Room 1801-1802, 18th Floor, Bank of America Tower, Central, Hong Kong, HKG

Website

https://www.glorymark.com.tw

China United Venture Investment Ltd is engaged in the business of design, manufacture, and sales of connectivity products. The products are mainly used in computers, computer peripheral products, multi-media consumable electronic products, communication products, automobile electronics accessories, wire harnesses and medical equipment. Some of the products offered are USB hub, Card reader, Dongle, Cables and others. The company's segment includes the Original equipment manufacturer (OEM) customers segment, the Provision of comprehensive architectural services, and the Retail distributor's segment. Most of the firm's revenue gets derived through the OEM customers segment.

Executives

Wang Li Feng	2101 Beneficial owner
Pt Design Group Holdings Limited
Wise Thinker Holdings Limited
Pt Design Group Limited	2101 Beneficial owner
Wise Thinker Holding Limited	2101 Beneficial owner

China United Venture Investment (HKSE:08159) Headlines

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