WANG & LEE Group (WANG & LEE Group) Days Inventory : 0.00 (As of Dec. 2023)

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What is WANG & LEE Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). WANG & LEE Group's Average Total Inventories for the six months ended in Dec. 2023 was $0.00 Mil. WANG & LEE Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $3.20 Mil. Hence, WANG & LEE Group's Days Inventory for the six months ended in Dec. 2023 was 0.00.

The historical rank and industry rank for WANG & LEE Group's Days Inventory or its related term are showing as below:

WLGS's Days Inventory is not ranked ^*
in the Construction industry.
Industry Median: 48.575
* Ranked among companies with meaningful Days Inventory only.

WANG & LEE Group's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. WANG & LEE Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.

WANG & LEE Group Days Inventory Historical Data

The historical data trend for WANG & LEE Group'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.

WANG & LEE Group Days Inventory Chart

WANG & LEE Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

WANG & LEE Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of WANG & LEE Group's Days Inventory

For the Engineering & Construction subindustry, WANG & LEE Group'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.

WANG & LEE Group's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, WANG & LEE Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where WANG & LEE Group's Days Inventory falls into.

WANG & LEE Group Days Inventory Calculation

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

WANG & LEE Group'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
=	( (0	+	0)	/	1 )	/	4.385	*	365
=	0					/	4.385	*	365
=	0.00

WANG & LEE Group'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
=	( (0	+	0)	/	1 )	/	3.201	*	365 / 2
=	0					/	3.201	*	365 / 2
=	0.00

WANG & LEE Group (NAS:WLGS) 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.

WANG & LEE Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.201	/	0
	=

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.

WANG & LEE Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	5.389
	=	0.00

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.

WANG & LEE Group Days Inventory Related Terms

Thank you for viewing the detailed overview of WANG & LEE Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

WANG & LEE Group (WANG & LEE Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » WANG & LEE Group Inc (NAS:WLGS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Tai Yip Street, 5th Floor, Wing Tai Factory Building, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.wangnlee.com.hk

WANG & LEE Group Inc operates as an investment holding company. The firm conducts its primary operations through its indirectly wholly owned subsidiary WANG and LEE CONTRACTING LIMITED (WLHK). WLHK provides contract engineering, installation, and out-fitting of the following products and services: low voltage (220v/phase 1 or 380v/phase 3) electrical systems, mechanical ventilation and air-conditioning systems (MVAC), fire safety systems, and water supply and sewage disposal systems.

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