Hotai Finance Co (TPE:6592) Days Inventory : 0.14 (As of Mar. 2024)

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What is Hotai Finance Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hotai Finance Co's Average Total Inventories for the three months ended in Mar. 2024 was NT$5 Mil. Hotai Finance Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$3,245 Mil. Hence, Hotai Finance Co's Days Inventory for the three months ended in Mar. 2024 was 0.14.

The historical rank and industry rank for Hotai Finance Co's Days Inventory or its related term are showing as below:

TPE:6592' s Days Inventory Range Over the Past 10 Years
Min: 0.13 Med: 0.4 Max: 1.37
Current: 0.13

During the past 8 years, Hotai Finance Co's highest Days Inventory was 1.37. The lowest was 0.13. And the median was 0.40.

TPE:6592's Days Inventory is ranked better than
98.06% of 103 companies
in the Credit Services industry
Industry Median: 41.91 vs TPE:6592: 0.13

Hotai Finance Co's Days Inventory declined from Mar. 2023 (0.18) to Mar. 2024 (0.14).

Inventory Turnover measures how fast the company turns over its inventory within a year. Hotai Finance Co's Inventory Turnover for the three months ended in Mar. 2024 was 635.05.

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. Hotai Finance Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.00.

Hotai Finance Co Days Inventory Historical Data

The historical data trend for Hotai Finance Co'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.

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Hotai Finance Co Days Inventory Chart

Hotai Finance Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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0.56

0.24

0.22

0.20

0.17

Hotai Finance Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															0.18	0.14	0.12	0.12	0.14

Competitive Comparison of Hotai Finance Co's Days Inventory

For the Credit Services subindustry, Hotai Finance Co'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.

Hotai Finance Co's Days Inventory Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Hotai Finance Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Hotai Finance Co's Days Inventory falls into.

Hotai Finance Co Days Inventory Calculation

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

Hotai Finance Co'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
=	( (5.979	+	4.962)	/	2 )	/	11967.337	*	365
=	5.4705					/	11967.337	*	365
=	0.17

Hotai Finance Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (4.962	+	5.259)	/	2 )	/	3245.447	*	365 / 4
=	5.1105					/	3245.447	*	365 / 4
=	0.14

Hotai Finance Co (TPE:6592) 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.

Hotai Finance Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3245.447	/	5.1105
	=	635.05

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.

Hotai Finance Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.1105	/	7783.711
	=	0.00

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.

Hotai Finance Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Hotai Finance Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Hotai Finance Co (TPE:6592) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Hotai Finance Co Ltd (TPE:6592) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.605, Ruiguang Road, 10th Floor, Neihu District, Taipei, TWN, 114

Website

https://www.hfcfinance.com.tw

Hotai Finance Co Ltd is a Taiwan-based full-service financing company. It is engaged in installment sales and leases of vehicles and equipment. The company offers products and services such as an Installment loan for a new car, used car, motorcycle and scooter, and others. Geographically, the firm operates in China and Taiwan. It generates a most of revenue from interest income.

Hotai Finance Co (TPE:6592) Headlines

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