China High Precision Automation Group (HKSE:00591) Days Inventory : 75.27 (As of Dec. 2023)

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What is China High Precision Automation Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China High Precision Automation Group's Average Total Inventories for the six months ended in Dec. 2023 was HK$24.5 Mil. China High Precision Automation Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$59.5 Mil. Hence, China High Precision Automation Group's Days Inventory for the six months ended in Dec. 2023 was 75.27.

The historical rank and industry rank for China High Precision Automation Group's Days Inventory or its related term are showing as below:

HKSE:00591' s Days Inventory Range Over the Past 10 Years
Min: 60.65 Med: 97.05 Max: 148.7
Current: 72.76

During the past 13 years, China High Precision Automation Group's highest Days Inventory was 148.70. The lowest was 60.65. And the median was 97.05.

HKSE:00591's Days Inventory is ranked better than
67.83% of 2409 companies
in the Hardware industry
Industry Median: 101.86 vs HKSE:00591: 72.76

China High Precision Automation Group's Days Inventory increased from Dec. 2022 (72.81) to Dec. 2023 (75.27). It might indicate that China High Precision Automation Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. China High Precision Automation Group's Inventory Turnover for the six months ended in Dec. 2023 was 2.42.

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. China High Precision Automation Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.31.

China High Precision Automation Group Days Inventory Historical Data

The historical data trend for China High Precision Automation 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.

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China High Precision Automation Group Days Inventory Chart

China High Precision Automation Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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126.47

148.70

117.88

103.39

73.81

China High Precision Automation Group 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															140.49	96.59	72.81	69.46	75.27

Competitive Comparison of China High Precision Automation Group's Days Inventory

For the Scientific & Technical Instruments subindustry, China High Precision Automation 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.

China High Precision Automation Group's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, China High Precision Automation Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where China High Precision Automation Group's Days Inventory falls into.

China High Precision Automation Group Days Inventory Calculation

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

China High Precision Automation Group's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (23.874	+	23.259)	/	2 )	/	116.533	*	365
=	23.5665					/	116.533	*	365
=	73.81

China High Precision Automation 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
=	( (23.259	+	25.804)	/	2 )	/	59.482	*	365 / 2
=	24.5315					/	59.482	*	365 / 2
=	75.27

China High Precision Automation Group (HKSE:00591) 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.

China High Precision Automation Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	59.482	/	24.5315
	=	2.42

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.

China High Precision Automation Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	24.5315	/	79.338
	=	0.31

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.

China High Precision Automation Group Days Inventory Related Terms

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

China High Precision Automation Group (HKSE:00591) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China High Precision Automation Group Ltd (HKSE:00591) » Definitions » Days Inventory

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HPAGF:USA

Address

18 Fenwick Street, 7th Floor, Room 703, Jubilee Centre, Wanchai, Hong Kong, HKG

Website

http://www.chpag.cn

China High Precision Automation Group Ltd is an investment holding company, which through its subsidiaries engages in the research, development, manufacturing, and sale of industrial automation instrument and technology products. It operates through the following segments: Automation Instrument and Technology Products and Horological Instruments. The Automation Instrument and Technology Products segment which earns majority revenue manufactures and trades intelligent display instruments, flow accumulate instruments, pressure transmitters, and logging control instruments. Its Horological Instruments covers the manufacture and trade of multi-functional all-plastic quartz watch movements. Geographically the company receives maximum revenue from the People's Republic of China.

Executives

Wong Fun Chung

2101 Beneficial owner

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