Hong Kong Economic Times Holdings (HKSE:00423) Days Inventory : 12.24 (As of Sep. 2023)

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What is Hong Kong Economic Times Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hong Kong Economic Times Holdings's Average Total Inventories for the six months ended in Sep. 2023 was HK$19.6 Mil. Hong Kong Economic Times Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$291.7 Mil. Hence, Hong Kong Economic Times Holdings's Days Inventory for the six months ended in Sep. 2023 was 12.24.

The historical rank and industry rank for Hong Kong Economic Times Holdings's Days Inventory or its related term are showing as below:

HKSE:00423' s Days Inventory Range Over the Past 10 Years
Min: 12.72 Med: 16.83 Max: 27.97
Current: 13.31

During the past 13 years, Hong Kong Economic Times Holdings's highest Days Inventory was 27.97. The lowest was 12.72. And the median was 16.83.

HKSE:00423's Days Inventory is ranked better than
63.33% of 660 companies
in the Media - Diversified industry
Industry Median: 25.75 vs HKSE:00423: 13.31

Hong Kong Economic Times Holdings's Days Inventory declined from Sep. 2022 (15.15) to Sep. 2023 (12.24).

Inventory Turnover measures how fast the company turns over its inventory within a year. Hong Kong Economic Times Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 14.91.

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. Hong Kong Economic Times Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.04.

Hong Kong Economic Times Holdings Days Inventory Historical Data

The historical data trend for Hong Kong Economic Times Holdings'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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Hong Kong Economic Times Holdings Days Inventory Chart

Hong Kong Economic Times Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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27.66

27.97

16.08

12.72

13.37

Hong Kong Economic Times Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															12.90	14.92	15.15	13.92	12.24

Competitive Comparison of Hong Kong Economic Times Holdings's Days Inventory

For the Publishing subindustry, Hong Kong Economic Times Holdings'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.

Hong Kong Economic Times Holdings's Days Inventory Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Hong Kong Economic Times Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Hong Kong Economic Times Holdings's Days Inventory falls into.

Hong Kong Economic Times Holdings Days Inventory Calculation

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

Hong Kong Economic Times Holdings's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (23.706	+	20.264)	/	2 )	/	600.116	*	365
=	21.985					/	600.116	*	365
=	13.37

Hong Kong Economic Times Holdings's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (20.264	+	18.873)	/	2 )	/	291.69	*	365 / 2
=	19.5685					/	291.69	*	365 / 2
=	12.24

Hong Kong Economic Times Holdings (HKSE:00423) 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.

Hong Kong Economic Times Holdings's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	291.69	/	19.5685
	=	14.91

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.

Hong Kong Economic Times Holdings's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	19.5685	/	483.103
	=	0.04

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.

Hong Kong Economic Times Holdings Days Inventory Related Terms

Thank you for viewing the detailed overview of Hong Kong Economic Times Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Hong Kong Economic Times Holdings (HKSE:00423) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hong Kong Economic Times Holdings Ltd (HKSE:00423) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

321 Java Road, 6th Floor, Kodak House II, North Point, Hong Kong, HKG

Website

http://www.hketgroup.com

Hong Kong Economic Times Holdings Ltd is an investment holding company. It is engaged in the printing and publishing of newspapers and magazines and the operation of their associated digital businesses; the operation of recruitment advertising and lifestyle platforms; and the provision of electronic financial and property market information services. Its segments are Media segment, majority revenue deriving segment, engaged in the printing and publication of newspapers, magazines and books and the operation of digital platforms, including recruitment, finance and lifestyle; and Financial news agency, information and solutions segment.

Executives

Webb David Michael	2201 Interest of corporation controlled by you
Preferable Situation Assets Limited	2101 Beneficial owner
Golden Rooster Limited	2101 Beneficial owner
Lee Su Hwei	2201 Interest of corporation controlled by you
Fung Siu Por	2201 Interest of corporation controlled by you

Hong Kong Economic Times Holdings (HKSE:00423) Headlines

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