Haina Intelligent Equipment International Holdings (HKSE:01645) Days Inventory : 220.33 (As of Dec. 2023)

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What is Haina Intelligent Equipment International Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Haina Intelligent Equipment International Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$272.8 Mil. Haina Intelligent Equipment International Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$225.9 Mil. Hence, Haina Intelligent Equipment International Holdings's Days Inventory for the six months ended in Dec. 2023 was 220.33.

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

HKSE:01645' s Days Inventory Range Over the Past 10 Years
Min: 173.6 Med: 256.09 Max: 458.81
Current: 280.07

During the past 8 years, Haina Intelligent Equipment International Holdings's highest Days Inventory was 458.81. The lowest was 173.60. And the median was 256.09.

HKSE:01645's Days Inventory is ranked worse than
87.68% of 2913 companies
in the Industrial Products industry
Industry Median: 120.59 vs HKSE:01645: 280.07

Haina Intelligent Equipment International Holdings's Days Inventory declined from Dec. 2022 (250.14) to Dec. 2023 (220.33).

Inventory Turnover measures how fast the company turns over its inventory within a year. Haina Intelligent Equipment International Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 0.83.

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. Haina Intelligent Equipment International Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 1.04.

Haina Intelligent Equipment International Holdings Days Inventory Historical Data

The historical data trend for Haina Intelligent Equipment 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.

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Haina Intelligent Equipment International Holdings Days Inventory Chart

Haina Intelligent Equipment International Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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174.01

173.60

268.22

273.72

269.83

Haina Intelligent Equipment International Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial								313.66	290.34	250.14	422.27	220.33

Competitive Comparison of Haina Intelligent Equipment International Holdings's Days Inventory

For the Specialty Industrial Machinery subindustry, Haina Intelligent Equipment 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.

Haina Intelligent Equipment International Holdings's Days Inventory Distribution in the Industrial Products Industry

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

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

Haina Intelligent Equipment International Holdings Days Inventory Calculation

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

Haina Intelligent Equipment 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
=	( (220.671	+	271.458)	/	2 )	/	332.857	*	365
=	246.0645					/	332.857	*	365
=	269.83

Haina Intelligent Equipment 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
=	( (274.099	+	271.458)	/	2 )	/	225.939	*	365 / 2
=	272.7785					/	225.939	*	365 / 2
=	220.33

Haina Intelligent Equipment International Holdings (HKSE:01645) 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.

Haina Intelligent Equipment International Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	225.939	/	272.7785
	=	0.83

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.

Haina Intelligent Equipment International Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	272.7785	/	262.687
	=	1.04

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.

Haina Intelligent Equipment International Holdings Days Inventory Related Terms

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Haina Intelligent Equipment International Holdings (HKSE:01645) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Haina Intelligent Equipment International Holdings Ltd (HKSE:01645) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wuli Technology Park, Economic Development Area, Fujian Province, Jinjiang, CHN

Website

https://www.haina-intelligent.com

Haina Intelligent Equipment International Holdings Ltd is an investment holding company. It is engaged in design and production of automated machines for manufacturing disposable hygiene products, including baby diapers, adult diapers, and lady sanitary napkins in the PRC. The company provides comprehensive services to its customers, from collaborating with customers on product designs and customizing its products based on specifications provided by customers, conducting quality control, delivering products to customers, installing products for customers, and providing after-sales services. Its geographical segments are China, South Korea, Indonesia, Uzbekistan, Vietnam, Thailand, Dubai, Bangladesh, Angola, Pakistan, Cambodia, and other countries.

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