SunCorp Technologies (HKSE:01063) Days Inventory : 49.63 (As of Dec. 2023)

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What is SunCorp Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SunCorp Technologies's Average Total Inventories for the six months ended in Dec. 2023 was HK$4.64 Mil. SunCorp Technologies's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$17.07 Mil. Hence, SunCorp Technologies's Days Inventory for the six months ended in Dec. 2023 was 49.63.

The historical rank and industry rank for SunCorp Technologies's Days Inventory or its related term are showing as below:

HKSE:01063' s Days Inventory Range Over the Past 10 Years
Min: 0.05 Med: 7.78 Max: 33.44
Current: 33.44

During the past 13 years, SunCorp Technologies's highest Days Inventory was 33.44. The lowest was 0.05. And the median was 7.78.

HKSE:01063's Days Inventory is ranked better than
76.77% of 452 companies
in the Conglomerates industry
Industry Median: 75.05 vs HKSE:01063: 33.44

SunCorp Technologies's Days Inventory increased from Dec. 2022 (13.53) to Dec. 2023 (49.63). It might indicate that SunCorp Technologies's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. SunCorp Technologies's Inventory Turnover for the six months ended in Dec. 2023 was 3.68.

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. SunCorp Technologies's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.18.

SunCorp Technologies Days Inventory Historical Data

The historical data trend for SunCorp Technologies'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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SunCorp Technologies Days Inventory Chart

SunCorp Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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15.50

32.21

SunCorp Technologies 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															7.89	9.54	13.53	26.24	49.63

Competitive Comparison of SunCorp Technologies's Days Inventory

For the Conglomerates subindustry, SunCorp Technologies'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.

SunCorp Technologies's Days Inventory Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, SunCorp Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where SunCorp Technologies's Days Inventory falls into.

SunCorp Technologies Days Inventory Calculation

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

SunCorp Technologies'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
=	( (4.758	+	4.26)	/	2 )	/	51.093	*	365
=	4.509					/	51.093	*	365
=	32.21

SunCorp Technologies'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
=	( (5.025	+	4.26)	/	2 )	/	17.073	*	365 / 2
=	4.6425					/	17.073	*	365 / 2
=	49.63

SunCorp Technologies (HKSE:01063) 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.

SunCorp Technologies's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	17.073	/	4.6425
	=	3.68

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.

SunCorp Technologies's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.6425	/	25.509
	=	0.18

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.

SunCorp Technologies Days Inventory Related Terms

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

SunCorp Technologies (HKSE:01063) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » SunCorp Technologies Ltd (HKSE:01063) » Definitions » Days Inventory

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Traded in Other Exchanges

SUNTF:USA

Address

99 Queen’s Road Central, Unit 2305, 23rd Floor, The Center, Hong Kong, HKG

Website

http://www.suncorptech.com.hk

SunCorp Technologies Ltd is engaged in sales and marketing of residential telephone and related products, computer-related components, securities brokerage, placing and underwriting, money lending, and B2B cross-border e-commerce. Its operating segments are; Sales of telephones and related components; Processing and trading of used computer-related components; Money lending services; Provision of securities brokerage, placing and underwriting services, and Sales of clothes and beauty products. Geographically it operates in PRC (including Hong Kong); India; Indonesia; USA; and Others, with the majority of the revenue deriving from the PRC (including Hong Kong).

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