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HAHA (Harden Technologies) Days Inventory : 146.48 (As of Jun. 2023)


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What is Harden Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Harden Technologies's Average Total Inventories for the six months ended in Jun. 2023 was $7.39 Mil. Harden Technologies's Cost of Goods Sold for the six months ended in Jun. 2023 was $9.20 Mil. Hence, Harden Technologies's Days Inventory for the six months ended in Jun. 2023 was 146.48.

The historical rank and industry rank for Harden Technologies's Days Inventory or its related term are showing as below:

HAHA's Days Inventory is not ranked *
in the Industrial Products industry.
Industry Median: 120.38
* Ranked among companies with meaningful Days Inventory only.

Harden Technologies's Days Inventory declined from Jun. 2022 (174.17) to Jun. 2023 (146.48).

Inventory Turnover measures how fast the company turns over its inventory within a year. Harden Technologies's Inventory Turnover for the six months ended in Jun. 2023 was 1.25.

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. Harden Technologies's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.55.


Harden Technologies Days Inventory Historical Data

The historical data trend for Harden Technologies'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.

Harden Technologies Days Inventory Chart

Harden Technologies Annual Data
Trend Dec20 Dec21 Dec22
Days Inventory
234.23 149.39 135.06

Harden Technologies Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Days Inventory Get a 7-Day Free Trial 219.09 110.66 174.17 141.87 146.48

Competitive Comparison of Harden Technologies's Days Inventory

For the Specialty Industrial Machinery subindustry, Harden Technologies'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.


Harden Technologies's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Harden Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Harden Technologies's Days Inventory falls into.



Harden Technologies Days Inventory Calculation

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

Harden Technologies's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

Days Inventory (A: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (8.56 + 7.602) / 2 ) / 21.839*365
=8.081 / 21.839*365
=135.06

Harden Technologies's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

Days Inventory (Q: Jun. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (7.602 + 7.171) / 2 ) / 9.203*365 / 2
=7.3865 / 9.203*365 / 2
=146.48

* 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.


Harden Technologies  (BATS:HAHA) 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.

Harden Technologies's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

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.

Harden Technologies's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

* 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.


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.


Harden Technologies Days Inventory Related Terms

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


Harden Technologies Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 6 Jingye Road, Building 8, Torch Development Zone, Zhongshan, CHN, 528400
Harden Technologies Inc is a waste management equipment and recycling equipment manufacturer in China, specializing in the manufacture of customized industrial shredders and material sorting machines and production lines.

Harden Technologies Headlines

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