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Hai Kwang EnterpriseTPE:2038 69 Days Inventory is 88.78 as of Jun. 2026, which is 3% above its 10-year median of 86.19. GuruFocus rates TPE:2038 with a GF Score™ of 69/100 and a GF Value™ of NT$13.30 (Fairly Valued). The stock has 6 warning signs investors should review. Among 584 Steel companies, Hai Kwang Enterprise ranks worse than 62.16% on this metric.
The historical rank and industry rank for Hai Kwang Enterprise's Days Inventory or its related term are showing as below:
TPE:2038'
s Days Inventory Range Over the Past 10 Years
Min: 62.2 Med: 86.19 Max: 110.79
Current: 106.84
During the past 13 years, Hai Kwang Enterprise's highest Days Inventory was 110.79. The lowest was 62.20. And the median was 86.19.
TPE:2038's Days Inventory is ranked worse than 62.16% of 584
companies
in the Steel industry
Industry Median: 86.455
vs TPE:2038: 106.84
Hai Kwang Enterprise's Days Inventory
declined
from Jun. 2025 (96.04) to Jun. 2026 (88.78).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Hai Kwang Enterprise's Inventory Turnover for the
three
months ended in Jun. 2026 was 1.03.
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.
Hai Kwang Enterprise's Inventory-to-Revenue for the
three
months ended in Jun. 2026 was 0.96.
Hai Kwang Enterprise (TPE:2038) 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.
Hai Kwang Enterprise's Inventory Turnover for the
three
months ended in Jun. 2026 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.
Hai Kwang Enterprise's Inventory to Revenue for the
three
months ended in Jun. 2026 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.
Hai Kwang Enterprise Days Inventory Related Terms
Hai Kwang Enterprise Days Inventory Historical Data
* Premium members only.
The historical data trend for Hai Kwang Enterprise'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.
TPE:2038 vs NUE, STLD, RS: Days Inventory Comparison
For the Steel subindustry, Hai Kwang Enterprise'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.
Hai Kwang Enterprise Days Inventory vs Steel Industry
For the Steel industry and Basic Materials sector, Hai Kwang Enterprise's Days Inventory distribution charts can be found below:
* The bar in red indicates where Hai Kwang Enterprise's Days Inventory falls into.
* 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.
Hai Kwang Enterprise (TPE:2038) has a Days Inventory of 88.78 as of Jun. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Hai Kwang Enterprise and its competitors. This is near median its historical median of 86.19. Over the past decade, Hai Kwang Enterprise's Days Inventory has ranged from 62.20 to 110.79. According to the industry distribution chart, Hai Kwang Enterprise ranks #363 out of 584 companies in the Steel industry, placing it in the top 62.2%.
Is Hai Kwang Enterprise's Days Inventory too high?
Hai Kwang Enterprise's current Days Inventory of 88.78 is near median its 10-year median of 86.19. Over the past 10 years, this metric has ranged from a low of 62.20 to a high of 110.79. The Steel industry median Days Inventory is 86.46. Hai Kwang Enterprise's value of 88.78 is 2.7% above this industry median. Based on the distribution chart, Hai Kwang Enterprise ranks #363 out of 584 companies in the Steel industry, which is below the industry midpoint. Overall, Hai Kwang Enterprise has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hai Kwang Enterprise's Days Inventory compare to NUE and STLD?
According to the Steel industry distribution chart, Hai Kwang Enterprise ranks #363 out of 584 companies for Days Inventory. This places Hai Kwang Enterprise in the lower half of its industry. The industry median Days Inventory is 86.46. Hai Kwang Enterprise's value of 88.78 is 2.7% above this benchmark. Historically, Hai Kwang Enterprise's own Days Inventory has ranged from 62.20 to 110.79 over the past decade. While the company's 10-year median is 86.19 vs. the industry median of 86.46, Hai Kwang Enterprise has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Steel company?
The median Days Inventory among Steel companies is 86.46, based on 584 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hai Kwang Enterprise's current Days Inventory of 88.78 is 2.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Hai Kwang Enterprise and its competitors. For the Steel industry, the median Days Inventory is 86.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hai Kwang Enterprise's current Days Inventory is 88.78, which is near median its own 10-year median of 86.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hai Kwang Enterprise stock overvalued right now?
Based on GuruFocus' analysis, Hai Kwang Enterprise (TPE:2038) is currently considered Fairly Valued. The stock's GF Value™ is NT$13.30, compared to a current price of NT$12.90 — trading 3% below its estimated fair value. The current Days Inventory is 88.78, which is near median its 10-year median of 86.19 and 2.7% above the Steel industry median of 86.46. Hai Kwang Enterprise's overall GF Score™ is 69/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Hai Kwang Enterprise (TPE:2038), the current Days Inventory is 88.78 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Hai Kwang Enterprise (TPE:2038) Overvalued in 2026?
Based on GuruFocus' analysis, Hai Kwang Enterprise stock appears to be undervalued.
The current stock price of NT$12.90 is trading 3% below its estimated GF Value™ of NT$13.30.
GuruFocus considers Hai Kwang Enterprise to be Fairly Valued.
Key valuation signals for TPE:2038:
Days Inventory: 88.78 (near median its 10-year median of 86.19)
GF Value™: NT$13.30 vs. price of NT$12.90 (3% below fair value)
Industry Position: 2.7% above the Steel median (#363 of 584)
No single metric tells the full story. See the TPE:2038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hai Kwang Enterprise Corp is engaged in the manufacture, processing, sale, and trade of billets and reinforcing steel bars. The Company also engages in real estate rental and leasing. It operates through Hai Kwang Enterprise Co., Ltd and Zheng Tung (formerly E Chang), with Hai Kwang Enterprise Co., Ltd generating maximum revenue. The main operating location of the Company and its subsidiaries is Taiwan.
69GF Score
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