L K Technology Holdings (HKSE:00558) Days Inventory : 166.08 (As of Sep. 2023)

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What is L K Technology Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). L K Technology Holdings's Average Total Inventories for the six months ended in Sep. 2023 was HK$1,850 Mil. L K Technology Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$2,033 Mil. Hence, L K Technology Holdings's Days Inventory for the six months ended in Sep. 2023 was 166.08.

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

HKSE:00558' s Days Inventory Range Over the Past 10 Years
Min: 137.53 Med: 168.32 Max: 209.37
Current: 157.19

During the past 13 years, L K Technology Holdings's highest Days Inventory was 209.37. The lowest was 137.53. And the median was 168.32.

HKSE:00558's Days Inventory is ranked worse than
65.16% of 2905 companies
in the Industrial Products industry
Industry Median: 120.1 vs HKSE:00558: 157.19

L K Technology Holdings's Days Inventory increased from Sep. 2022 (154.65) to Sep. 2023 (166.08). It might indicate that L K Technology Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. L K Technology Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 1.10.

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. L K Technology Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.67.

L K Technology Holdings Days Inventory Historical Data

The historical data trend for L K Technology 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.

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L K Technology Holdings Days Inventory Chart

L K Technology Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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172.72

209.32

142.92

137.53

151.33

L K Technology Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															116.59	153.78	154.65	149.81	166.08

Competitive Comparison of L K Technology Holdings's Days Inventory

For the Specialty Industrial Machinery subindustry, L K Technology 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.

L K Technology Holdings's Days Inventory Distribution in the Industrial Products Industry

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

* The bar in red indicates where L K Technology Holdings's Days Inventory falls into.

L K Technology Holdings Days Inventory Calculation

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

L K Technology Holdings'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
=	( (1713.348	+	1851.882)	/	2 )	/	4299.662	*	365
=	1782.615					/	4299.662	*	365
=	151.33

L K Technology Holdings's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1851.882	+	1848.663)	/	2 )	/	2033.245	*	365 / 2
=	1850.2725					/	2033.245	*	365 / 2
=	166.08

L K Technology Holdings (HKSE:00558) 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.

L K Technology Holdings's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2033.245	/	1850.2725
	=	1.10

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.

L K Technology Holdings's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1850.2725	/	2753.733
	=	0.67

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.

L K Technology Holdings Days Inventory Related Terms

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

L K Technology Holdings (HKSE:00558) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » L K Technology Holdings Ltd (HKSE:00558) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

L5D:Germany

Address

1-7 Wah Sing Street, Unit A, 8th Floor, Mai Wah Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.lk.world

L K Technology Holdings Ltd is an investment holding company. It is principally engaged in the design, manufacture, and sales of the hot chamber and cold chamber die-casting machines, plastic injection moulding machines, computerized numerical controlled (CNC) machining centers and related accessories. The company's operating segment includes Die-casting machine; Plastic injection moulding machine and CNC machining centre. It generates maximum revenue from the Die-casting machine segment. Geographically, it derives a majority of revenue from Mainland China and also has a presence in Europe, North America, Central America and South America and Other countries.

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