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Max Sight Group Holdings (HKSE:08483) Days Inventory : 9.69 (As of Dec. 2023)


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What is Max Sight Group Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Max Sight Group Holdings's Average Total Inventories for the three months ended in Dec. 2023 was HK$1.34 Mil. Max Sight Group Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$12.58 Mil. Hence, Max Sight Group Holdings's Days Inventory for the three months ended in Dec. 2023 was 9.69.

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

HKSE:08483' s Days Inventory Range Over the Past 10 Years
Min: 2.62   Med: 5.84   Max: 7.91
Current: 7.07

During the past 9 years, Max Sight Group Holdings's highest Days Inventory was 7.91. The lowest was 2.62. And the median was 5.84.

HKSE:08483's Days Inventory is ranked better than
74.42% of 86 companies
in the Personal Services industry
Industry Median: 16.44 vs HKSE:08483: 7.07

Max Sight Group Holdings's Days Inventory increased from Dec. 2022 (8.84) to Dec. 2023 (9.69). It might indicate that Max Sight Group Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Max Sight Group Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 9.42.

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. Max Sight Group Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.07.


Max Sight Group Holdings Days Inventory Historical Data

The historical data trend for Max Sight Group 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.

Max Sight Group Holdings Days Inventory Chart

Max Sight Group Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only 2.65 7.91 6.57 5.84 6.94

Max Sight Group Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.84 5.32 6.71 6.84 9.69

Competitive Comparison of Max Sight Group Holdings's Days Inventory

For the Personal Services subindustry, Max Sight Group 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.


Max Sight Group Holdings's Days Inventory Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Max Sight Group Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Max Sight Group Holdings's Days Inventory falls into.



Max Sight Group Holdings Days Inventory Calculation

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

Max Sight Group 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
=( (0.69 + 1.336) / 2 ) / 53.313*365
=1.013 / 53.313*365
=6.94

Max Sight Group Holdings'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: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (0 + 1.336) / 1 ) / 12.581*365 / 4
=1.336 / 12.581*365 / 4
=9.69

* 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.


Max Sight Group Holdings  (HKSE:08483) 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.

Max Sight Group Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

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.

Max Sight Group Holdings's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

* 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.


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.


Max Sight Group Holdings Days Inventory Related Terms

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


Max Sight Group Holdings (HKSE:08483) Business Description

Traded in Other Exchanges
N/A
Address
48 Yee Wo Street, 14th Floor, McDonald’s Building, Causeway Bay, Hong Kong, HKG
Max Sight Group Holdings Ltd is principally engaged in the provision of photography services by supplying automatic identity photo booths in Hong Kong and Guangdong provinces. In addition, it is also engaged in the provision of medical services by operating medical centers in Hong Kong. It operates through three segments namely, Photography services in Hong Kong, Photography services in Mainland China, and Medical services in Hong Kong. The Hong Kong region generates maximum revenue for the company.
Executives
Cheung Kam Ting
Causeway Treasure Holding Limited
Photo-me International Plc.
Au-yeung Ying Ho
Chan Tien Kay Timmy
Chan Wing Chai Jamson

Max Sight Group Holdings (HKSE:08483) Headlines

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