Maxnerva Technology Services (HKSE:01037) Days Inventory : 72.10 (As of Dec. 2023)

View and export this data going back to 1994. Start your Free Trial

What is Maxnerva Technology Services Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Maxnerva Technology Services's Average Total Inventories for the six months ended in Dec. 2023 was HK$120.3 Mil. Maxnerva Technology Services's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$304.5 Mil. Hence, Maxnerva Technology Services's Days Inventory for the six months ended in Dec. 2023 was 72.10.

The historical rank and industry rank for Maxnerva Technology Services's Days Inventory or its related term are showing as below:

HKSE:01037' s Days Inventory Range Over the Past 10 Years
Min: 22.12 Med: 62.89 Max: 399.28
Current: 77.81

During the past 13 years, Maxnerva Technology Services's highest Days Inventory was 399.28. The lowest was 22.12. And the median was 62.89.

HKSE:01037's Days Inventory is ranked worse than
75.21% of 1561 companies
in the Software industry
Industry Median: 19.53 vs HKSE:01037: 77.81

Maxnerva Technology Services's Days Inventory increased from Dec. 2022 (63.60) to Dec. 2023 (72.10). It might indicate that Maxnerva Technology Services's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Maxnerva Technology Services's Inventory Turnover for the six months ended in Dec. 2023 was 2.53.

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. Maxnerva Technology Services's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.34.

Maxnerva Technology Services Days Inventory Historical Data

The historical data trend for Maxnerva Technology Services'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.

* Premium members only.

Maxnerva Technology Services Days Inventory Chart

Maxnerva Technology Services Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

28.89

22.12

50.17

69.68

73.62

Maxnerva Technology Services Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															56.98	71.74	63.60	87.08	72.10

Competitive Comparison of Maxnerva Technology Services's Days Inventory

For the Information Technology Services subindustry, Maxnerva Technology Services'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.

Maxnerva Technology Services's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Maxnerva Technology Services's Days Inventory distribution charts can be found below:

* The bar in red indicates where Maxnerva Technology Services's Days Inventory falls into.

Maxnerva Technology Services Days Inventory Calculation

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

Maxnerva Technology Services'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
=	( (165.895	+	90.501)	/	2 )	/	635.593	*	365
=	128.198					/	635.593	*	365
=	73.62

Maxnerva Technology Services'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
=	( (150.074	+	90.501)	/	2 )	/	304.491	*	365 / 2
=	120.2875					/	304.491	*	365 / 2
=	72.10

Maxnerva Technology Services (HKSE:01037) 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.

Maxnerva Technology Services's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	304.491	/	120.2875
	=	2.53

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.

Maxnerva Technology Services's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	120.2875	/	354.452
	=	0.34

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.

Maxnerva Technology Services Days Inventory Related Terms

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

Maxnerva Technology Services (HKSE:01037) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Maxnerva Technology Services Ltd (HKSE:01037) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

63 Mody Road, Room 1001, 10th Floor, Houston Centre, Tsim Sha Tsui East, Kowloon, Hong Kong, HKG

Website

http://www.maxnerva.com

Maxnerva Technology Services Ltd is an investment holding company engaged in the operating segments of Smart Office Business, Industrial Solution Business and New Retail Business. Smart Office business segment is engaged in the provision of video conference related solutions plus brand licensing and supply chain management of smart office equipment. Industrial Solution Business segment is involved in the provision of smart manufacturing solutions and services to improve the effectiveness and efficiency of production lines, plant facilities and the management of industrial parks .New Retail business segment provides advanced digital signage and other retail solutions to their customers It has a business presence in Hong Kong, the PRC, the United States, Taiwan and others.

Executives

Fsk Holdings Limited	2201 Interest of corporation controlled by you
Fdg Fund, L.p.	2101 Beneficial owner
Tse Tik Yang Denis	2201 Interest of corporation controlled by you
Foxconn (far East) Limited	2101 Beneficial owner

Maxnerva Technology Services (HKSE:01037) Headlines

No Headlines