Edensoft Holdings (HKSE:01147) Days Inventory : 49.58 (As of Dec. 2023)

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What is Edensoft Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Edensoft Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$87.7 Mil. Edensoft Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$322.7 Mil. Hence, Edensoft Holdings's Days Inventory for the six months ended in Dec. 2023 was 49.58.

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

HKSE:01147' s Days Inventory Range Over the Past 10 Years
Min: 21.6 Med: 28.92 Max: 37.06
Current: 36.69

During the past 8 years, Edensoft Holdings's highest Days Inventory was 37.06. The lowest was 21.60. And the median was 28.92.

HKSE:01147's Days Inventory is ranked worse than
62.24% of 1565 companies
in the Software industry
Industry Median: 19.61 vs HKSE:01147: 36.69

Edensoft Holdings's Days Inventory increased from Dec. 2022 (41.03) to Dec. 2023 (49.58). It might indicate that Edensoft Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Edensoft Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 3.68.

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. Edensoft Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.23.

Edensoft Holdings Days Inventory Historical Data

The historical data trend for Edensoft 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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Edensoft Holdings Days Inventory Chart

Edensoft Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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21.60

28.37

29.47

34.42

37.06

Edensoft Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial								31.01	33.50	41.03	27.34	49.58

Competitive Comparison of Edensoft Holdings's Days Inventory

For the Information Technology Services subindustry, Edensoft 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.

Edensoft Holdings's Days Inventory Distribution in the Software Industry

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

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

Edensoft Holdings Days Inventory Calculation

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

Edensoft 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
=	( (60.87	+	98.21)	/	2 )	/	783.353	*	365
=	79.54					/	783.353	*	365
=	37.06

Edensoft 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
=	( (77.131	+	98.21)	/	2 )	/	322.697	*	365 / 2
=	87.6705					/	322.697	*	365 / 2
=	49.58

Edensoft Holdings (HKSE:01147) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	322.697	/	87.6705
	=	3.68

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	87.6705	/	373.114
	=	0.23

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.

Edensoft Holdings Days Inventory Related Terms

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

Edensoft Holdings (HKSE:01147) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Edensoft Holdings Ltd (HKSE:01147) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

Hua Fu Street, 1006 Shennan Road, West, 2nd Floor, Building A, Futian Technology Square, Shenzhen International Innovation Center, Futian District, Shenzhen, CHN

Website

https://www.edensoft.com.cn

Edensoft Holdings Ltd is engaged in provision of IT infrastructure services, IT implementation and supporting services and cloud services in the PRC. Its segment includes IT infrastructure services; IT implementation and supporting services; and Cloud services. It derives key revenue from the IT infrastructure services segment that assess customers' needs and their existing IT environment and providing IT infrastructure services by advising them on the suitable hardware and software products that their IT environment would require, and procuring the relevant hardware and software products from IT products vendors and installing these IT products in customers' IT environment. It operates in Mainland China and Hong Kong, of which prime revenue is derived from Mainland China.

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