Days Inventory is also known as Days Sales of Inventory (DSI). ICO Group's Average Total Inventories for the
six
months ended in Sep. 2023 was HK$7.9 Mil. ICO Group's Cost of Goods Sold for the
six
months ended in Sep. 2023 was HK$422.8 Mil.
Hence, ICO Group's Days Inventory for the
six
months ended in Sep. 2023 was 3.41.
The historical rank and industry rank for ICO Group's Days Inventory or its related term are showing as below:
HKSE:01460'
s Days Inventory Range Over the Past 10 Years
Min: 0.55 Med: 0.59 Max: 4.17
Current: 2.44
During the past 10 years, ICO Group's highest Days Inventory was 4.17. The lowest was 0.55. And the median was 0.59.
HKSE:01460's Days Inventory is ranked better than 79.63% of 1561
companies
in the Software industry
Industry Median: 19.53
vs HKSE:01460: 2.44
ICO Group's Days Inventory
increased
from Sep. 2022 (0.35) to Sep. 2023 (3.41).
It might indicate that ICO Group's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
ICO Group's Inventory Turnover for the
six
months ended in Sep. 2023 was 53.51.
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.
ICO Group's Inventory-to-Revenue for the
six
months ended in Sep. 2023 was 0.02.
ICO Group Days Inventory Historical Data
The historical data trend for ICO 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.
Competitive Comparison of ICO Group's Days Inventory
For the Information Technology Services subindustry, ICO 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.
ICO Group's Days Inventory Distribution in the Software Industry
For the Software industry and Technology sector, ICO Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where ICO Group's Days Inventory falls into.
ICO Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
ICO Group's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
ICO Group (HKSE:01460) 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.
ICO Group's Inventory Turnover for the
six
months ended in Sep. 2023 is calculated as
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.
ICO Group's Inventory to Revenue for the
six
months ended in Sep. 2023 is calculated as
* 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.
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.
ICO Group Days Inventory Related Terms
Thank you for viewing the detailed overview of ICO Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
ICO Group Ltd along with its subsidiaries is engaged in the provision of Information technology(IT) solutions and services. The business activity of the group is functioned through IT application and solution development; IT infrastructure solutions; IT secondment services; Maintenance and support services, and Property leasing and e-commerce business segment. The company drives a majority of the revenue from The IT Infrastructure solutions segment which is engaged in the provision of IT infrastructure solutions and sale of IT infrastructure solution related hardware and software. Geographically, the activities are carried out in Hong Kong and the PRC, of which maximum revenue is generated from Hong Kong.
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