Echo International Holdings Group (HKSE:08218) Days Inventory : 182.87 (As of Sep. 2023)

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What is Echo International Holdings Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Echo International Holdings Group's Average Total Inventories for the three months ended in Sep. 2023 was HK$21.58 Mil. Echo International Holdings Group's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$10.77 Mil. Hence, Echo International Holdings Group's Days Inventory for the three months ended in Sep. 2023 was 182.87.

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

HKSE:08218' s Days Inventory Range Over the Past 10 Years
Min: 67.55 Med: 147.72 Max: 187.1
Current: 187.1

During the past 11 years, Echo International Holdings Group's highest Days Inventory was 187.10. The lowest was 67.55. And the median was 147.72.

HKSE:08218's Days Inventory is ranked worse than
77.98% of 2407 companies
in the Hardware industry
Industry Median: 102.45 vs HKSE:08218: 187.10

Echo International Holdings Group's Days Inventory increased from Sep. 2022 (138.60) to Sep. 2023 (182.87). It might indicate that Echo International Holdings Group's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Echo International Holdings Group's Inventory Turnover for the three months ended in Sep. 2023 was 0.50.

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. Echo International Holdings Group's Inventory-to-Revenue for the three months ended in Sep. 2023 was 1.40.

Echo International Holdings Group Days Inventory Historical Data

The historical data trend for Echo International Holdings 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.

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Echo International Holdings Group Days Inventory Chart

Echo International Holdings Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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114.58

109.62

104.07

67.55

148.43

Echo International Holdings Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															138.60	152.56	361.84	150.98	182.87

Competitive Comparison of Echo International Holdings Group's Days Inventory

For the Scientific & Technical Instruments subindustry, Echo International Holdings 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.

Echo International Holdings Group's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Echo International Holdings Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Echo International Holdings Group's Days Inventory falls into.

Echo International Holdings Group Days Inventory Calculation

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

Echo International Holdings Group'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
=	( (13.33	+	20.83)	/	2 )	/	42.002	*	365
=	17.08					/	42.002	*	365
=	148.43

Echo International Holdings Group'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: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	21.578)	/	1 )	/	10.767	*	365 / 4
=	21.578					/	10.767	*	365 / 4
=	182.87

Echo International Holdings Group (HKSE:08218) 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.

Echo International Holdings Group's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	10.767	/	21.578
	=	0.50

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.

Echo International Holdings Group's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	21.578	/	15.437
	=	1.40

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.

Echo International Holdings Group Days Inventory Related Terms

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

Echo International Holdings Group (HKSE:08218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Echo International Holdings Group Ltd (HKSE:08218) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Hoi Shing Road, Room 3207A, 32nd Floor, Cable TV Tower, Tsuen Wan, Hong Kong, HKG

Website

http://www.echogroup.com.hk

Echo International Holdings Group Ltd is an investment holding company. The company's operating segment includes the Trading of electronic products; Manufacturing and trading of electronic products and accessories, Provision of food catering services, and trading of timepieces. It generates maximum revenue from the Provision of food catering services segment. Its products include security alarm, indications board, buzzers, timer, fishing indicator, charge board, control board, fire alarm, LED lamp assembly, switch, printed circuit board, and others. Geographically, it derives a majority of revenue from Hong KongCountries.

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