New Concepts Holdings (HKSE:02221) Days Inventory : 7.12 (As of Sep. 2023)

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What is New Concepts Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). New Concepts Holdings's Average Total Inventories for the six months ended in Sep. 2023 was HK$10.4 Mil. New Concepts Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$266.3 Mil. Hence, New Concepts Holdings's Days Inventory for the six months ended in Sep. 2023 was 7.12.

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

HKSE:02221' s Days Inventory Range Over the Past 10 Years
Min: 1.5 Med: 4.88 Max: 24.26
Current: 5.67

During the past 10 years, New Concepts Holdings's highest Days Inventory was 24.26. The lowest was 1.50. And the median was 4.88.

HKSE:02221's Days Inventory is ranked better than
84.83% of 1391 companies
in the Construction industry
Industry Median: 48.75 vs HKSE:02221: 5.67

New Concepts Holdings's Days Inventory increased from Sep. 2022 (1.86) to Sep. 2023 (7.12). It might indicate that New Concepts Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. New Concepts Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 25.63.

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. New Concepts Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.03.

New Concepts Holdings Days Inventory Historical Data

The historical data trend for New Concepts 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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New Concepts Holdings Days Inventory Chart

New Concepts Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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9.77

24.26

16.97

4.88

4.15

New Concepts Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															10.78	7.79	1.86	4.13	7.12

Competitive Comparison of New Concepts Holdings's Days Inventory

For the Engineering & Construction subindustry, New Concepts 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.

New Concepts Holdings's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, New Concepts Holdings's Days Inventory distribution charts can be found below:

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

New Concepts Holdings Days Inventory Calculation

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

New Concepts Holdings's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (3.105	+	8.067)	/	2 )	/	491.625	*	365
=	5.586					/	491.625	*	365
=	4.15

New Concepts Holdings's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (8.067	+	12.717)	/	2 )	/	266.303	*	365 / 2
=	10.392					/	266.303	*	365 / 2
=	7.12

New Concepts Holdings (HKSE:02221) 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.

New Concepts Holdings's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	266.303	/	10.392
	=	25.63

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.

New Concepts Holdings's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10.392	/	307.098
	=	0.03

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.

New Concepts Holdings Days Inventory Related Terms

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

New Concepts Holdings (HKSE:02221) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » New Concepts Holdings Ltd (HKSE:02221) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Wang Chiu Road, Kingston International Centre, Office B, 3rd Floor, Kowloon Bay, Hong Kong, HKG

Website

http://www.primeworld-china.com

New Concepts Holdings Ltd is an investment holding company. The company's operating segment includes Construction works and Environmental protection services. It generates maximum revenue from the Construction works segment. The Construction work segment is engaged in the provision of foundation works, civil engineering works, and general building works in Hong Kong. Geographically, it derives a majority of its revenue from Hong Kong and also has a presence in Mainland China.

Executives

Yuan Heng Qi Ye Guan Li Shen Zhen Ji Tuan You Xian Gong Si
Zhu Yongjun
Yuan Heng Group International Co., Limited
Lin Jiakuang
Final Destination Limited	2201 Interest of corporation controlled by you
Ding Yi Feng Holdings Group International Limited	2201 Interest of corporation controlled by you
Hong Kong Toprich Investment Limited	2101 Beneficial owner
Flying Goddess Limited	2201 Interest of corporation controlled by you
Eternity Sky Limited	2201 Interest of corporation controlled by you
Prosper Power Group Limited
Chu Shu Cheong
Jumbo Grand Enterprise Development Limited
China Investment Fund Company Limited	2201 Interest of corporation controlled by you
Flying Goddess Limited	2201 Interest of corporation controlled by you
Hong Kong Toprich Investment Limited	2101 Beneficial owner

New Concepts Holdings (HKSE:02221) Headlines

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