Neo-Neon Holdings (HKSE:01868) Days Inventory : 115.77 (As of Dec. 2023)

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What is Neo-Neon Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Neo-Neon Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$175.7 Mil. Neo-Neon Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$277.0 Mil. Hence, Neo-Neon Holdings's Days Inventory for the six months ended in Dec. 2023 was 115.77.

The historical rank and industry rank for Neo-Neon Holdings's Days Inventory or its related term are showing as below:

HKSE:01868' s Days Inventory Range Over the Past 10 Years
Min: 92.6 Med: 139.36 Max: 201.67
Current: 138.5

During the past 13 years, Neo-Neon Holdings's highest Days Inventory was 201.67. The lowest was 92.60. And the median was 139.36.

HKSE:01868's Days Inventory is ranked worse than
57.75% of 2909 companies
in the Industrial Products industry
Industry Median: 120.85 vs HKSE:01868: 138.50

Neo-Neon Holdings's Days Inventory increased from Dec. 2022 (101.61) to Dec. 2023 (115.77). It might indicate that Neo-Neon Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Neo-Neon Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 1.58.

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. Neo-Neon Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.35.

Neo-Neon Holdings Days Inventory Historical Data

The historical data trend for Neo-Neon 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.

* Premium members only.

Neo-Neon Holdings Days Inventory Chart

Neo-Neon Holdings Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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117.51

94.30

92.60

111.98

138.42

Neo-Neon Holdings Semi-Annual Data
	Mar14	Sep14	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															82.00	151.19	101.61	169.35	115.77

Competitive Comparison of Neo-Neon Holdings's Days Inventory

For the Electrical Equipment & Parts subindustry, Neo-Neon 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.

Neo-Neon Holdings's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Neo-Neon Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Neo-Neon Holdings's Days Inventory falls into.

Neo-Neon Holdings Days Inventory Calculation

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

Neo-Neon 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
=	( (196.734	+	168.5)	/	2 )	/	481.526	*	365
=	182.617					/	481.526	*	365
=	138.42

Neo-Neon 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
=	( (182.899	+	168.5)	/	2 )	/	276.974	*	365 / 2
=	175.6995					/	276.974	*	365 / 2
=	115.77

Neo-Neon Holdings (HKSE:01868) 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.

Neo-Neon Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	276.974	/	175.6995
	=	1.58

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.

Neo-Neon Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	175.6995	/	502.589
	=	0.35

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.

Neo-Neon Holdings Days Inventory Related Terms

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

Neo-Neon Holdings (HKSE:01868) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Neo-Neon Holdings Ltd (HKSE:01868) » Definitions » Days Inventory

Traded in Other Exchanges

911868:Taiwan

Address

188 Des Voeux Road Central, Unit 2101, 21st Floor, Golden Centre, Hong Kong, HKG

Website

http://www.neo-neon.com

Neo-Neon Holdings Ltd is a manufacturer and distributor of LED decorative lighting products. The company's product portfolio is divided into LED decorative lighting, Commercial lighting, Professional lighting, Professional architectural lighting, Industrial lighting, Landscape lighting, and other products. Its segments include the PRC lighting segment, which consists of research and development, manufacture of lighting products in China, and distribution of lighting products in China and overseas; and the USA lighting segment consists of the provision of lighting solutions and trading of lighting products in the USA. Its geographical segments include North America, which generates the vast majority of the company's revenue; Europe; The PRC; Asia (excluding the PRC); and Other countries.

Neo-Neon Holdings (HKSE:01868) Headlines

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