Eco-Tek Holdings (HKSE:08169) Days Inventory : 72.67 (As of Oct. 2023)

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What is Eco-Tek Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Eco-Tek Holdings's Average Total Inventories for the three months ended in Oct. 2023 was HK$16.9 Mil. Eco-Tek Holdings's Cost of Goods Sold for the three months ended in Oct. 2023 was HK$21.2 Mil. Hence, Eco-Tek Holdings's Days Inventory for the three months ended in Oct. 2023 was 72.67.

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

HKSE:08169' s Days Inventory Range Over the Past 10 Years
Min: 66.63 Med: 91.15 Max: 101.69
Current: 89.58

During the past 13 years, Eco-Tek Holdings's highest Days Inventory was 101.69. The lowest was 66.63. And the median was 91.15.

HKSE:08169's Days Inventory is ranked better than
67.73% of 2913 companies
in the Industrial Products industry
Industry Median: 120.59 vs HKSE:08169: 89.58

Eco-Tek Holdings's Days Inventory declined from Oct. 2022 (97.24) to Oct. 2023 (72.67).

Inventory Turnover measures how fast the company turns over its inventory within a year. Eco-Tek Holdings's Inventory Turnover for the three months ended in Oct. 2023 was 1.26.

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. Eco-Tek Holdings's Inventory-to-Revenue for the three months ended in Oct. 2023 was 0.51.

Eco-Tek Holdings Days Inventory Historical Data

The historical data trend for Eco-Tek 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.

* Premium members only.

Eco-Tek Holdings Days Inventory Chart

Eco-Tek Holdings Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Inventory

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100.16

93.57

66.63

84.40

93.60

Eco-Tek Holdings Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Days Inventory	Get a 7-Day Free Trial															97.24	119.36	83.36	86.48	72.67

Competitive Comparison of Eco-Tek Holdings's Days Inventory

For the Pollution & Treatment Controls subindustry, Eco-Tek 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.

Eco-Tek Holdings's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Eco-Tek Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Eco-Tek Holdings's Days Inventory falls into.

Eco-Tek Holdings Days Inventory Calculation

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

Eco-Tek Holdings's Days Inventory for the fiscal year that ended in Oct. 2023 is calculated as

	Days Inventory (A: Oct. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (16.435	+	16.898)	/	2 )	/	64.992	*	365
=	16.6665					/	64.992	*	365
=	93.60

Eco-Tek Holdings's Days Inventory for the quarter that ended in Oct. 2023 is calculated as:

	Days Inventory (Q: Oct. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jul. 2023 )	+	Total Inventories (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (0	+	16.898)	/	1 )	/	21.217	*	365 / 4
=	16.898					/	21.217	*	365 / 4
=	72.67

Eco-Tek Holdings (HKSE:08169) 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.

Eco-Tek Holdings's Inventory Turnover for the three months ended in Oct. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	21.217	/	16.898
	=	1.26

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.

Eco-Tek Holdings's Inventory to Revenue for the three months ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	16.898	/	33.356
	=	0.51

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.

Eco-Tek Holdings Days Inventory Related Terms

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

Eco-Tek Holdings (HKSE:08169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Eco-Tek Holdings Ltd (HKSE:08169) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Westlands Road, Unit 2, 9/F, Westlands Centre, Quarry Bay, Hong Kong, HKG

Website

http://www.eco-tek.com.hk

Eco-Tek Holdings Ltd and its subsidiaries are principally involved in the marketing, sales, servicing, research, and development of environmental protection-related products and services. The company operates in two segments: Environment-friendly products and Water supply plants. The environment-friendly products segment, which accounts for the majority of revenue is into the sale of general & industrial environment-friendly products, components, and other related accessories. Its geographical segments are Hong Kong, PRC, and others, of which the vast majority of revenue comes from the PRC.

Eco-Tek Holdings (HKSE:08169) Headlines

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