Ruixin International Holdings (HKSE:00724) Days Inventory : 44.59 (As of Dec. 2023)

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What is Ruixin International Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ruixin International Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$6.92 Mil. Ruixin International Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$28.34 Mil. Hence, Ruixin International Holdings's Days Inventory for the six months ended in Dec. 2023 was 44.59.

The historical rank and industry rank for Ruixin International Holdings's Days Inventory or its related term are showing as below:

HKSE:00724' s Days Inventory Range Over the Past 10 Years
Min: 18.56 Med: 61.9 Max: 78.92
Current: 32.23

During the past 13 years, Ruixin International Holdings's highest Days Inventory was 78.92. The lowest was 18.56. And the median was 61.90.

HKSE:00724's Days Inventory is ranked better than
94.02% of 2911 companies
in the Industrial Products industry
Industry Median: 120.59 vs HKSE:00724: 32.23

Ruixin International Holdings's Days Inventory increased from Dec. 2022 (28.95) to Dec. 2023 (44.59). It might indicate that Ruixin International Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ruixin International Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 4.09.

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. Ruixin International Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.39.

Ruixin International Holdings Days Inventory Historical Data

The historical data trend for Ruixin International 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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Ruixin International Holdings Days Inventory Chart

Ruixin International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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72.86

58.47

44.76

28.90

18.56

Ruixin International Holdings 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															38.82	28.08	28.95	36.26	44.59

Competitive Comparison of Ruixin International Holdings's Days Inventory

For the Electrical Equipment & Parts subindustry, Ruixin International 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.

Ruixin International Holdings's Days Inventory Distribution in the Industrial Products Industry

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

* The bar in red indicates where Ruixin International Holdings's Days Inventory falls into.

Ruixin International Holdings Days Inventory Calculation

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

Ruixin International Holdings'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
=	( (8.495	+	0.084)	/	2 )	/	84.348	*	365
=	4.2895					/	84.348	*	365
=	18.56

Ruixin International Holdings'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
=	( (13.763	+	0.084)	/	2 )	/	28.338	*	365 / 2
=	6.9235					/	28.338	*	365 / 2
=	44.59

Ruixin International Holdings (HKSE:00724) 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.

Ruixin International Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	28.338	/	6.9235
	=	4.09

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.

Ruixin International Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.9235	/	17.875
	=	0.39

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.

Ruixin International Holdings Days Inventory Related Terms

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

Ruixin International Holdings (HKSE:00724) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ruixin International Holdings Ltd (HKSE:00724) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

133 Wan Chai Road, Room A, 10th Floor, Times Media Centre, Hong Kong, HKG

Website

https://www.irasia.com/listco/hk/ruixin

Ruixin International Holdings Ltd is engaged in the manufacturing and trading of electronic and electrical parts and components. In addition, it is also involved in the trading of radio-frequency identification tags and antennas. It operates businesses in countries like Hong Kong, China, Vietnam, and Canada.

Executives

Li Weimin

2101 Beneficial owner

Ruixin International Holdings (HKSE:00724) Headlines

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