Days Inventory is also known as Days Sales of Inventory (DSI). Hongli Group's Average Total Inventories for the
six
months ended in Dec. 2023 was $2.58 Mil. Hongli Group's Cost of Goods Sold for the
six
months ended in Dec. 2023 was $4.88 Mil.
Hence, Hongli Group's Days Inventory for the
six
months ended in Dec. 2023 was 96.28.
The historical rank and industry rank for Hongli Group's Days Inventory or its related term are showing as below:
HLP'
s Days Inventory Range Over the Past 10 Years
Min: 57.04 Med: 63.25 Max: 87.88
Current: 87.88
During the past 5 years, Hongli Group's highest Days Inventory was 87.88. The lowest was 57.04. And the median was 63.25.
HLP's Days Inventory is ranked worse than 52.35% of 575
companies
in the Steel industry
Industry Median: 85.74
vs HLP: 87.88
Hongli Group's Days Inventory
increased
from Dec. 2022 (78.03) to Dec. 2023 (96.28).
It might indicate that Hongli Group's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Hongli Group's Inventory Turnover for the
six
months ended in Dec. 2023 was 1.90.
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.
Hongli Group's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.36.
Hongli Group Days Inventory Historical Data
The historical data trend for Hongli 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 Hongli Group's Days Inventory
For the Steel subindustry, Hongli 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.
Hongli Group's Days Inventory Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Hongli Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where Hongli Group's Days Inventory falls into.
Hongli Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Hongli Group's Days Inventory for the fiscal year that ended in Dec. 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.
Hongli Group (NAS:HLP) 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.
Hongli Group's Inventory Turnover for the
six
months ended in Dec. 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.
Hongli Group's Inventory to Revenue for the
six
months ended in Dec. 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.
Hongli Group Days Inventory Related Terms
Thank you for viewing the detailed overview of Hongli Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Hongli Group Inc is a cold roll formed steel profile manufacturer in China. It customizes and manufactures cold roll formed steel profiles for machinery and equipment in a variety of sectors, including but not limited to mining and excavation, construction, agriculture and transportation.
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