Precious Dragon Technology Holdings (HKSE:01861) Days Inventory : 41.68 (As of Dec. 2023)

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What is Precious Dragon Technology Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Precious Dragon Technology Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$45.9 Mil. Precious Dragon Technology Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$200.9 Mil. Hence, Precious Dragon Technology Holdings's Days Inventory for the six months ended in Dec. 2023 was 41.68.

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

HKSE:01861' s Days Inventory Range Over the Past 10 Years
Min: 43.56 Med: 44.94 Max: 48.74
Current: 45.44

During the past 8 years, Precious Dragon Technology Holdings's highest Days Inventory was 48.74. The lowest was 43.56. And the median was 44.94.

HKSE:01861's Days Inventory is ranked better than
81.27% of 1068 companies
in the Retail - Cyclical industry
Industry Median: 110.605 vs HKSE:01861: 45.44

Precious Dragon Technology Holdings's Days Inventory declined from Dec. 2022 (44.25) to Dec. 2023 (41.68).

Inventory Turnover measures how fast the company turns over its inventory within a year. Precious Dragon Technology Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 4.38.

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. Precious Dragon Technology Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.16.

Precious Dragon Technology Holdings Days Inventory Historical Data

The historical data trend for Precious Dragon 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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Precious Dragon Technology Holdings Days Inventory Chart

Precious Dragon Technology Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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48.74

43.56

44.75

47.45

45.02

Precious Dragon Technology Holdings 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									43.94	46.16	44.25	50.08	41.68

Competitive Comparison of Precious Dragon Technology Holdings's Days Inventory

For the Specialty Retail subindustry, Precious Dragon 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.

Precious Dragon Technology Holdings's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Precious Dragon Technology Holdings's Days Inventory distribution charts can be found below:

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

Precious Dragon Technology Holdings Days Inventory Calculation

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

Precious Dragon Technology 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
=	( (50.682	+	43.379)	/	2 )	/	381.317	*	365
=	47.0305					/	381.317	*	365
=	45.02

Precious Dragon Technology 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
=	( (48.359	+	43.379)	/	2 )	/	200.855	*	365 / 2
=	45.869					/	200.855	*	365 / 2
=	41.68

Precious Dragon Technology Holdings (HKSE:01861) 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.

Precious Dragon Technology Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	200.855	/	45.869
	=	4.38

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.

Precious Dragon Technology Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	45.869	/	290.984
	=	0.16

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.

Precious Dragon Technology Holdings Days Inventory Related Terms

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

Precious Dragon Technology Holdings (HKSE:01861) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Precious Dragon Technology Holdings Ltd (HKSE:01861) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 628, Jufeng North Road, Aotou Town, Conghua District, Guangdong Province, Guangzhou, CHN

Website

https://www.botny.com

Precious Dragon Technology Holdings Ltd is an investment holding company. The company operates in the segments of Automotive beauty and maintenance products; and Personal care products. The majority of its revenue comes from the Automotive segment, which includes products such as auto cleaning and maintenance products (auto interior decoration cleaning products, tire and wheel cleaning, and care products), paint and coating (chrome aerosol spray), winter and summer specials (refrigerant and cold cranking agent), and air-fresheners. The company products are in the form of both aerosol and non-aerosol products. Some of its brands are ATM, NISSEI, PARLUX, PISCIS, and ETOMAN. Its geographical segments are Mainland China, Japan, Asia, the Middle East, America, and Others.

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