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Haitian International Holdings (HKSE:01882) Days Inventory : 141.53 (As of Dec. 2023)


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What is Haitian International Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Haitian International Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$3,844 Mil. Haitian International Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$4,956 Mil. Hence, Haitian International Holdings's Days Inventory for the six months ended in Dec. 2023 was 141.53.

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

HKSE:01882' s Days Inventory Range Over the Past 10 Years
Min: 98.25   Med: 122.27   Max: 140.54
Current: 140.54

During the past 13 years, Haitian International Holdings's highest Days Inventory was 140.54. The lowest was 98.25. And the median was 122.27.

HKSE:01882's Days Inventory is ranked worse than
59.06% of 2907 companies
in the Industrial Products industry
Industry Median: 119.76 vs HKSE:01882: 140.54

Haitian International Holdings's Days Inventory declined from Dec. 2022 (150.40) to Dec. 2023 (141.53).

Inventory Turnover measures how fast the company turns over its inventory within a year. Haitian International Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 1.29.

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. Haitian International Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.53.


Haitian International Holdings Days Inventory Historical Data

The historical data trend for Haitian International 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.

Haitian International Holdings Days Inventory Chart

Haitian International Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 139.65 121.35 98.25 140.30 139.01

Haitian International Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 109.93 126.20 150.40 141.06 141.53

Competitive Comparison of Haitian International Holdings's Days Inventory

For the Specialty Industrial Machinery subindustry, Haitian International 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.


Haitian International Holdings's Days Inventory Distribution in the Industrial Products Industry

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

* The bar in red indicates where Haitian International Holdings's Days Inventory falls into.



Haitian International Holdings Days Inventory Calculation

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

Haitian International 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
=( (3518.274 + 3870.897) / 2 ) / 9700.762*365
=3694.5855 / 9700.762*365
=139.01

Haitian International 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: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (3816.311 + 3870.897) / 2 ) / 4956.254*365 / 2
=3843.604 / 4956.254*365 / 2
=141.53

* 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.


Haitian International Holdings  (HKSE:01882) 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.

Haitian International Holdings's Inventory Turnover for the six 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.

Haitian International Holdings's Inventory to Revenue for the six 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.


Haitian International Holdings Days Inventory Related Terms

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


Haitian International Holdings (HKSE:01882) Business Description

Traded in Other Exchanges
Address
No.1688 Haitian Road, Beilun District, Zhejiang Province, Ningbo, CHN, 315800
Haitian International Holdings Ltd is an investment holding company principally engaged in the manufacture and distribution of plastic injection moulding machines and related products. The main products are hydraulic and electric plastic injection moulding machines. The group operates in Mainland China, Hong Kong, and overseas countries. The company generates a majority of its revenue from Mainland China through sales of plastic injection moulding machines and related products.

Haitian International Holdings (HKSE:01882) Headlines

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