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Harvest Miracle Capital Bhd (XKLS:0060) Days Inventory : 57.59 (As of Dec. 2023)


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What is Harvest Miracle Capital Bhd Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Harvest Miracle Capital Bhd's Average Total Inventories for the three months ended in Dec. 2023 was RM11.22 Mil. Harvest Miracle Capital Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM17.79 Mil. Hence, Harvest Miracle Capital Bhd's Days Inventory for the three months ended in Dec. 2023 was 57.59.

The historical rank and industry rank for Harvest Miracle Capital Bhd's Days Inventory or its related term are showing as below:

XKLS:0060' s Days Inventory Range Over the Past 10 Years
Min: 23.85   Med: 57.01   Max: 543.8
Current: 375.1

During the past 13 years, Harvest Miracle Capital Bhd's highest Days Inventory was 543.80. The lowest was 23.85. And the median was 57.01.

XKLS:0060's Days Inventory is ranked worse than
96.35% of 1561 companies
in the Software industry
Industry Median: 19.5 vs XKLS:0060: 375.10

Harvest Miracle Capital Bhd's Days Inventory declined from Dec. 2022 (522.29) to Dec. 2023 (57.59).

Inventory Turnover measures how fast the company turns over its inventory within a year. Harvest Miracle Capital Bhd's Inventory Turnover for the three months ended in Dec. 2023 was 1.58.

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. Harvest Miracle Capital Bhd's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.54.


Harvest Miracle Capital Bhd Days Inventory Historical Data

The historical data trend for Harvest Miracle Capital Bhd'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.

Harvest Miracle Capital Bhd Days Inventory Chart

Harvest Miracle Capital Bhd Annual Data
Trend Dec12 Dec13 Dec14 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.00 215.24 317.71 395.66 543.80

Harvest Miracle Capital Bhd 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 522.29 696.16 472.41 63.83 57.59

Competitive Comparison of Harvest Miracle Capital Bhd's Days Inventory

For the Information Technology Services subindustry, Harvest Miracle Capital Bhd'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.


Harvest Miracle Capital Bhd's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Harvest Miracle Capital Bhd's Days Inventory distribution charts can be found below:

* The bar in red indicates where Harvest Miracle Capital Bhd's Days Inventory falls into.



Harvest Miracle Capital Bhd Days Inventory Calculation

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

Harvest Miracle Capital Bhd'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
=( (169.489 + 190.403) / 2 ) / 120.78*365
=179.946 / 120.78*365
=543.80

Harvest Miracle Capital Bhd'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
=( (10.363 + 12.086) / 2 ) / 17.786*365 / 4
=11.2245 / 17.786*365 / 4
=57.59

* 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.


Harvest Miracle Capital Bhd  (XKLS:0060) 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.

Harvest Miracle Capital Bhd'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.

Harvest Miracle Capital Bhd'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.


Harvest Miracle Capital Bhd Days Inventory Related Terms

Thank you for viewing the detailed overview of Harvest Miracle Capital Bhd's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Harvest Miracle Capital Bhd (XKLS:0060) Business Description

Traded in Other Exchanges
Address
No 685, Jalan Damansara, TTDI, 9-3A, Oval Tower, Damansara, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 60000
Harvest Miracle Capital Bhd is an investment holding company. It operates in seven segments that are IT and ICT, Property Construction, Investment Properties, Property development, Plantation, Money lending business, and Investment holding. It generates the vast majority of its revenue from the IT and ICT segment that is engaged in trading in IT and ICT-related products and software development and support services and others. Its product categories include the Vacuum valve and Rupture Disk. Geographically, it operates only in Malaysia.

Harvest Miracle Capital Bhd (XKLS:0060) Headlines

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