Days Inventory is also known as Days Sales of Inventory (DSI). Hitek Global's Average Total Inventories for the
six
months ended in Dec. 2023 was $0.34 Mil. Hitek Global's Cost of Goods Sold for the
six
months ended in Dec. 2023 was $1.19 Mil.
Hence, Hitek Global's Days Inventory for the
six
months ended in Dec. 2023 was 51.74.
The historical rank and industry rank for Hitek Global's Days Inventory or its related term are showing as below:
HKIT'
s Days Inventory Range Over the Past 10 Years
Min: 21.07 Med: 37.41 Max: 53.01
Current: 51.01
During the past 7 years, Hitek Global's highest Days Inventory was 53.01. The lowest was 21.07. And the median was 37.41.
HKIT's Days Inventory is ranked worse than 68.05% of 1565
companies
in the Software industry
Industry Median: 19.61
vs HKIT: 51.01
Hitek Global's Days Inventory
increased
from Dec. 2022 (50.84) to Dec. 2023 (51.74).
It might indicate that Hitek Global's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Hitek Global's Inventory Turnover for the
six
months ended in Dec. 2023 was 3.53.
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.
Hitek Global's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.21.
Hitek Global Days Inventory Historical Data
The historical data trend for Hitek Global'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.
Competitive Comparison of Hitek Global's Days Inventory
For the Software - Application subindustry, Hitek Global'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.
Hitek Global's Days Inventory Distribution in the Software Industry
For the Software industry and Technology sector, Hitek Global's Days Inventory distribution charts can be found below:
* The bar in red indicates where Hitek Global's Days Inventory falls into.
Hitek Global Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Hitek Global's Days Inventory for the fiscal year that ended in Dec. 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.
Hitek Global (NAS:HKIT) 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.
Hitek Global's Inventory Turnover for the
six
months ended in Dec. 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.
Hitek Global's Inventory to Revenue for the
six
months ended in Dec. 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.
Hitek Global Days Inventory Related Terms
Thank you for viewing the detailed overview of Hitek Global's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Hitek Global Inc is a provider of information technology consulting and solutions services. The company has two lines of businesses such as services to small and medium businesses, which consist of Anti-Counterfeiting Tax Control System tax devices, including Golden Tax Disk and printers, ACTCS services, and IT services; and services to large businesses, which include hardware sales and software sales. It generates revenues from hardware sales, software sales, IT services, and tax devices and services.
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