Far East Horizon (HKSE:03360) Days Inventory : 7.05 (As of Dec. 2023)

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What is Far East Horizon Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Far East Horizon's Average Total Inventories for the six months ended in Dec. 2023 was HK$468 Mil. Far East Horizon's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$12,127 Mil. Hence, Far East Horizon's Days Inventory for the six months ended in Dec. 2023 was 7.05.

The historical rank and industry rank for Far East Horizon's Days Inventory or its related term are showing as below:

HKSE:03360' s Days Inventory Range Over the Past 10 Years
Min: 7.7 Med: 11.62 Max: 14.59
Current: 7.72

During the past 13 years, Far East Horizon's highest Days Inventory was 14.59. The lowest was 7.70. And the median was 11.62.

HKSE:03360's Days Inventory is ranked better than
75.49% of 102 companies
in the Credit Services industry
Industry Median: 42.195 vs HKSE:03360: 7.72

Far East Horizon's Days Inventory declined from Dec. 2022 (9.54) to Dec. 2023 (7.05).

Inventory Turnover measures how fast the company turns over its inventory within a year. Far East Horizon's Inventory Turnover for the six months ended in Dec. 2023 was 25.89.

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. Far East Horizon's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.02.

Far East Horizon Days Inventory Historical Data

The historical data trend for Far East Horizon'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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Far East Horizon Days Inventory Chart

Far East Horizon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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12.55

10.07

10.48

10.27

7.70

Far East Horizon Semi-Annual Data
	Jun14	Dec14	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															11.03	12.15	9.54	8.50	7.05

Competitive Comparison of Far East Horizon's Days Inventory

For the Credit Services subindustry, Far East Horizon'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.

Far East Horizon's Days Inventory Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Far East Horizon's Days Inventory distribution charts can be found below:

* The bar in red indicates where Far East Horizon's Days Inventory falls into.

Far East Horizon Days Inventory Calculation

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

Far East Horizon'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
=	( (520.704	+	448.1)	/	2 )	/	22965.825	*	365
=	484.402					/	22965.825	*	365
=	7.70

Far East Horizon'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
=	( (488.842	+	448.1)	/	2 )	/	12127.323	*	365 / 2
=	468.471					/	12127.323	*	365 / 2
=	7.05

Far East Horizon (HKSE:03360) 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.

Far East Horizon's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	12127.323	/	468.471
	=	25.89

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.

Far East Horizon's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	468.471	/	21435.869
	=	0.02

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.

Far East Horizon Days Inventory Related Terms

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

Far East Horizon (HKSE:03360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Far East Horizon Ltd (HKSE:03360) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

F6H:Germany

Address

1 Austin Road West, Unit 6608, 66th Floor, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

https://www.fehorizon.com

Far East Horizon Ltd is a specialty finance provider. Its services entail integrated finance, investment, trade, advisory and engineering services in healthcare, infrastructure construction, electronic information, packaging, transportation and other sectors. The company operates in two segments. The Financial, lease, and advisory business is the highest revenue-generating segment for the company that deals with the provision of direct finance leasing, sale-leaseback, factoring, entrusted loans, and advisory services. The industrial operation and management business segment deals with the import and export trade and domestic trade of medical equipment, the provision of trade agency services, medical engineering, hospital and healthcare management, and ship brokerage services.

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