SOCAM Development (HKSE:00983) Days Inventory : 302.09 (As of Dec. 2023)

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What is SOCAM Development Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SOCAM Development's Average Total Inventories for the six months ended in Dec. 2023 was HK$826 Mil. SOCAM Development's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$499 Mil. Hence, SOCAM Development's Days Inventory for the six months ended in Dec. 2023 was 302.09.

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

HKSE:00983' s Days Inventory Range Over the Past 10 Years
Min: 241.03 Med: 509.61 Max: 1032.38
Current: 332.61

During the past 13 years, SOCAM Development's highest Days Inventory was 1032.38. The lowest was 241.03. And the median was 509.61.

HKSE:00983's Days Inventory is ranked better than
66.67% of 1329 companies
in the Real Estate industry
Industry Median: 699.45 vs HKSE:00983: 332.61

SOCAM Development's Days Inventory declined from Dec. 2022 (478.02) to Dec. 2023 (302.09).

Inventory Turnover measures how fast the company turns over its inventory within a year. SOCAM Development's Inventory Turnover for the six months ended in Dec. 2023 was 0.60.

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. SOCAM Development's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.18.

SOCAM Development Days Inventory Historical Data

The historical data trend for SOCAM Development'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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SOCAM Development Days Inventory Chart

SOCAM Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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486.42

687.12

1,032.38

532.79

334.08

SOCAM Development 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															855.30	591.66	478.02	368.12	302.09

Competitive Comparison of SOCAM Development's Days Inventory

For the Real Estate - Development subindustry, SOCAM Development'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.

SOCAM Development's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, SOCAM Development's Days Inventory distribution charts can be found below:

* The bar in red indicates where SOCAM Development's Days Inventory falls into.

SOCAM Development Days Inventory Calculation

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

SOCAM Development'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
=	( (833	+	831)	/	2 )	/	909	*	365
=	832					/	909	*	365
=	334.08

SOCAM Development'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
=	( (821	+	831)	/	2 )	/	499	*	365 / 2
=	826					/	499	*	365 / 2
=	302.09

SOCAM Development (HKSE:00983) 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.

SOCAM Development's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	499	/	826
	=	0.60

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.

SOCAM Development's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	826	/	4546
	=	0.18

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.

SOCAM Development Days Inventory Related Terms

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

SOCAM Development (HKSE:00983) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » SOCAM Development Ltd (HKSE:00983) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

6-8 Harbour Road, 34th Floor, Shui On Centre, Hong Kong, HKG

Website

https://www.socam.com

SOCAM Development Ltd is an investment holding company. The company along with its subsidiaries is principally engaged in property segment which includes Property development and construction and maintenance segment includes contracting ,renovation and fitting out, smart facilities management and Other businesses segment includes venture capital investment and others. The group's majority of the revenue comes from Construction and maintenance segment in which Hongkong is the major contributor when it comes to revenue.

Executives

Lo Hong Sui	2307 Founder of a discretionary trust who can infl
Lo Bo Yue, Stephanie	2501 Other
Bosrich Holdings (ptc) Inc.	2301 Trustee
Hsbc International Trustee Limited	2301 Trustee
Shui On Company Limited	2101 Beneficial owner
Chu Loletta	2202 Interest of your spouse
Right Ying Holdings Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Sun Yinhuan	2307 Founder of a discretionary trust who can infl

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