Wise Living Technology Co (HKSE:02481) Days Inventory : 9.76 (As of Dec. 2023)

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What is Wise Living Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Wise Living Technology Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$36 Mil. Wise Living Technology Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$682 Mil. Hence, Wise Living Technology Co's Days Inventory for the six months ended in Dec. 2023 was 9.76.

The historical rank and industry rank for Wise Living Technology Co's Days Inventory or its related term are showing as below:

HKSE:02481' s Days Inventory Range Over the Past 10 Years
Min: 11.07 Med: 13.49 Max: 14.45
Current: 12.45

During the past 4 years, Wise Living Technology Co's highest Days Inventory was 14.45. The lowest was 11.07. And the median was 13.49.

HKSE:02481's Days Inventory is ranked better than
74.77% of 329 companies
in the Utilities - Independent Power Producers industry
Industry Median: 30.46 vs HKSE:02481: 12.45

Wise Living Technology Co's Days Inventory declined from Dec. 2022 (13.80) to Dec. 2023 (9.76).

Inventory Turnover measures how fast the company turns over its inventory within a year. Wise Living Technology Co's Inventory Turnover for the six months ended in Dec. 2023 was 18.70.

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. Wise Living Technology Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.05.

Wise Living Technology Co Days Inventory Historical Data

The historical data trend for Wise Living Technology Co'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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Wise Living Technology Co Days Inventory Chart

Wise Living Technology Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

11.07

13.08

14.45

13.90

Wise Living Technology Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			-	14.55	13.80	14.10	9.76

Competitive Comparison of Wise Living Technology Co's Days Inventory

For the Utilities - Independent Power Producers subindustry, Wise Living Technology Co'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.

Wise Living Technology Co's Days Inventory Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Wise Living Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Wise Living Technology Co's Days Inventory falls into.

Wise Living Technology Co Days Inventory Calculation

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

Wise Living Technology Co'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
=	( (54.636	+	40.329)	/	2 )	/	1246.765	*	365
=	47.4825					/	1246.765	*	365
=	13.90

Wise Living Technology Co'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
=	( (32.636	+	40.329)	/	2 )	/	682.141	*	365 / 2
=	36.4825					/	682.141	*	365 / 2
=	9.76

Wise Living Technology Co (HKSE:02481) 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.

Wise Living Technology Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	682.141	/	36.4825
	=	18.70

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.

Wise Living Technology Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	36.4825	/	804.561
	=	0.05

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.

Wise Living Technology Co Days Inventory Related Terms

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

Wise Living Technology Co (HKSE:02481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Wise Living Technology Co Ltd (HKSE:02481) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 15 Shuangliang Road, Ligang Street, Room 202, 2nd Floor, Jiangsu, Jiangyin, CHN

Website

http://www.hjkj.cn

Wise Living Technology Co Ltd is a cross-provincial heat service provider mainly operating in the Three North Region. It is principally engaged in the provision of heat services to residential and non-residential heat service customers under concession rights. In addition to its provision of heat services, which is considered as a public utility business, the company also provides heat-related; engineering construction services; and EMC services.

Executives

Galaxy Way Development Limited	2101 Beneficial owner
Gofintech Innovation Limited	2201 Interest of corporation controlled by you
Jiang Gang International Investment Company Limited	2101 Beneficial owner
Zhou Xiaoping	2201 Interest of corporation controlled by you
Jiang Yin Guo You Zi Ben Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Jiang Yin Guo You Zi Ben Kong Gu Ji Tuan Jin Rong Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Xiang Gang Xing Yi Tou Zi Guan Li You Xian Gong Si	2101 Beneficial owner

Wise Living Technology Co (HKSE:02481) Headlines

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