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Impro Precision Industries (HKSE:01286) Days Inventory : 111.24 (As of Dec. 2023)


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What is Impro Precision Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Impro Precision Industries's Average Total Inventories for the six months ended in Dec. 2023 was HK$1,003 Mil. Impro Precision Industries's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,645 Mil. Hence, Impro Precision Industries's Days Inventory for the six months ended in Dec. 2023 was 111.24.

The historical rank and industry rank for Impro Precision Industries's Days Inventory or its related term are showing as below:

HKSE:01286' s Days Inventory Range Over the Past 10 Years
Min: 98.02   Med: 111.09   Max: 126.14
Current: 112.14

During the past 8 years, Impro Precision Industries's highest Days Inventory was 126.14. The lowest was 98.02. And the median was 111.09.

HKSE:01286's Days Inventory is ranked better than
54.41% of 2913 companies
in the Industrial Products industry
Industry Median: 120.59 vs HKSE:01286: 112.14

Impro Precision Industries's Days Inventory declined from Dec. 2022 (128.56) to Dec. 2023 (111.24).

Inventory Turnover measures how fast the company turns over its inventory within a year. Impro Precision Industries's Inventory Turnover for the six months ended in Dec. 2023 was 1.64.

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. Impro Precision Industries's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.46.

Impro Precision Industries Days Inventory Historical Data

The historical data trend for Impro Precision Industries'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.

Impro Precision Industries Days Inventory Chart

Impro Precision Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 110.89 126.14 111.28 125.45 112.57

Impro Precision Industries Semi-Annual Data
Dec16 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 111.82 117.70 128.56 112.57 111.24

Competitive Comparison of Impro Precision Industries's Days Inventory

For the Specialty Industrial Machinery subindustry, Impro Precision Industries'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.

Impro Precision Industries's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Impro Precision Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Impro Precision Industries's Days Inventory falls into.


Impro Precision Industries Days Inventory Calculation

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

Impro Precision Industries'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
=( (1152.071 + 961.195) / 2 ) / 3426.047*365
=1056.633 / 3426.047*365
=112.57

Impro Precision Industries'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
=( (1044.632 + 961.195) / 2 ) / 1645.367*365 / 2
=1002.9135 / 1645.367*365 / 2
=111.24

* 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.

Impro Precision Industries  (HKSE:01286) 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.

Impro Precision Industries's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=1645.367 / 1002.9135
=1.64

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.

Impro Precision Industries's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=1002.9135 / 2199.535
=0.46

* 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.

Impro Precision Industries Days Inventory Related Terms

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

Impro Precision Industries (HKSE:01286) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Impro Precision Industries Ltd (HKSE:01286) » Definitions » Days Inventory
Comparable Companies
HKSE:01133 HKSE:00658 HKSE:01665 HKSE:02722 HKSE:01597 HKSE:00057 HKSE:09882 HKSE:02155 HKSE:01645 HKSE:03348 GE XTER:SIE XPAR:SU ETN XKRX:373220 ITW OSTO:ATCO A EMR PH AME
Traded in Other Exchanges
7IP:Germany
Address
6-8 Harbour Road, Unit 803, Shui On Centre, Wanchai, Hong Kong, HKG
Website
https://www.improprecision.com
Impro Precision Industries Ltd is an investment holding company. It operates in four segments: Investment casting, Precision machining and others, Sand casting, and Surface Treatment. The products and services offered are widely applied to various end-markets, including passenger cars, commercial vehicles, high horsepower engines, hydraulic equipment, construction equipment, agricultural equipment, recreational boats and vehicles, aerospace, and medical. Its geographical segments are the Americas, Europe, and Asia, of which key revenue is generated from the Americas.

Impro Precision Industries (HKSE:01286) Headlines

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