OneConnect Financial Technology Co (OneConnect Financial Technology Co) Days Inventory : 0.00 (As of Mar. 2024)

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What is OneConnect Financial Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). OneConnect Financial Technology Co's Average Total Inventories for the three months ended in Mar. 2024 was $0.0 Mil. OneConnect Financial Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $62.6 Mil. Hence, OneConnect Financial Technology Co's Days Inventory for the three months ended in Mar. 2024 was 0.00.

The historical rank and industry rank for OneConnect Financial Technology Co's Days Inventory or its related term are showing as below:

OCFT's Days Inventory is not ranked ^*
in the Software industry.
Industry Median: 18.99
* Ranked among companies with meaningful Days Inventory only.

OneConnect Financial Technology Co's Days Inventory stayed the same from Mar. 2023 (0.00) to Mar. 2024 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. OneConnect Financial Technology Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.00.

OneConnect Financial Technology Co Days Inventory Historical Data

The historical data trend for OneConnect Financial Technology Co'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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OneConnect Financial Technology Co Days Inventory Chart

OneConnect Financial Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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OneConnect Financial Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of OneConnect Financial Technology Co's Days Inventory

For the Software - Application subindustry, OneConnect Financial Technology Co'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.

OneConnect Financial Technology Co's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, OneConnect Financial Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where OneConnect Financial Technology Co's Days Inventory falls into.

OneConnect Financial Technology Co Days Inventory Calculation

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

OneConnect Financial Technology Co'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
=	( (0	+	0)	/	1 )	/	324.655	*	365
=	0					/	324.655	*	365
=	0.00

OneConnect Financial Technology Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	62.607	*	365 / 4
=	0					/	62.607	*	365 / 4
=	0.00

OneConnect Financial Technology Co (NYSE:OCFT) 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.

OneConnect Financial Technology Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	62.607	/	0
	=

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.

OneConnect Financial Technology Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	100.433
	=	0.00

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.

OneConnect Financial Technology Co Days Inventory Related Terms

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

OneConnect Financial Technology Co (OneConnect Financial Technology Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » OneConnect Financial Technology Co Ltd (NYSE:OCFT) » Definitions » Days Inventory

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Traded in Other Exchanges

06638:Hong Kong

Address

No.1 Tairan 7th Road, 10-14th Floor, Block A, Platinum Towers, Futian District, Shenzhen, CHN

Website

https://www.ocft.com

OneConnect Financial Technology Co Ltd is a provider of technology platforms. Its platform provides cloud-native technology solutions that integrate financial services with market technology. The company offers technology applications and technology-enabled business services to financial institutions in China. Its technology solutions cover multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses from sales and marketing and risk management to customer services and operations, as well as technology infrastructures such as data management and cloud services. The firm operates in two segments namely Technology Solutions which is the key revenue driver and Virtual Bank Business.