CNQC International Holdings (HKSE:01240) Days Inventory : 61.51 (As of Dec. 2023)

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What is CNQC International Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CNQC International Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$2,024 Mil. CNQC International Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$6,006 Mil. Hence, CNQC International Holdings's Days Inventory for the six months ended in Dec. 2023 was 61.51.

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

HKSE:01240' s Days Inventory Range Over the Past 10 Years
Min: 83.5 Med: 174.4 Max: 378.24
Current: 85.13

During the past 12 years, CNQC International Holdings's highest Days Inventory was 378.24. The lowest was 83.50. And the median was 174.40.

HKSE:01240's Days Inventory is ranked better than
81.56% of 1318 companies
in the Real Estate industry
Industry Median: 699.07 vs HKSE:01240: 85.13

CNQC International Holdings's Days Inventory declined from Dec. 2022 (133.83) to Dec. 2023 (61.51).

Inventory Turnover measures how fast the company turns over its inventory within a year. CNQC International Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 2.97.

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. CNQC International Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.33.

CNQC International Holdings Days Inventory Historical Data

The historical data trend for CNQC International 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.

* Premium members only.

CNQC International Holdings Days Inventory Chart

CNQC International Holdings Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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180.49

378.24

283.84

160.47

83.50

CNQC International Holdings Semi-Annual Data
	Mar14	Sep14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															247.52	202.69	133.83	121.31	61.51

Competitive Comparison of CNQC International Holdings's Days Inventory

For the Real Estate - Diversified subindustry, CNQC International 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.

CNQC International Holdings's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, CNQC International Holdings's Days Inventory distribution charts can be found below:

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

CNQC International Holdings Days Inventory Calculation

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

CNQC International Holdings'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
=	( (3058.041	+	1589.107)	/	2 )	/	10156.477	*	365
=	2323.574					/	10156.477	*	365
=	83.50

CNQC International Holdings's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2459.376	+	1589.107)	/	2 )	/	6006.382	*	365 / 2
=	2024.2415					/	6006.382	*	365 / 2
=	61.51

CNQC International Holdings (HKSE:01240) 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.

CNQC International Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6006.382	/	2024.2415
	=	2.97

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.

CNQC International Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2024.2415	/	6194.112
	=	0.33

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.

CNQC International Holdings Days Inventory Related Terms

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

CNQC International Holdings (HKSE:01240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » CNQC International Holdings Ltd (HKSE:01240) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

39 Wang Chiu Road, 8th floor, Enterprise Square Phase Three, Kowloon Bay, Hong Kong, HKG

Website

https://www.cnqc.com.hk

CNQC International Holdings Ltd is engaged in the development of properties. Along with subsidiaries, the company operates through four segments. The Foundation and construction - Hong Kong and Macau segment mainly represent the provision of foundation and construction work to property developers, loaning of labor and rental of machinery in Hong Kong and Macau. The Construction - Singapore and Southeast Asia segment mainly represents the provision of construction work to property developers, sales of goods, loaning of labor and rental of equipment in Singapore and Southeast Asia. The Property development - Singapore and Southeast Asia and Property development - Hong Kong segment represent the sales of completed property units in Singapore and Southeast Asia and Hong Kong.

Executives

Qingdao Zhixinda Enterprise Management Partnership(limited Partnership)	2201 Interest of corporation controlled by you
Qingdao Qingjian Holdings Co	2201 Interest of corporation controlled by you
Guotsing Holding Group Co. Ltd.	2201 Interest of corporation controlled by you
Du Bo	2201 Interest of corporation controlled by you
Du Dexiang	2201 Interest of corporation controlled by you
Shang Hai He Li Yuan Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Cnqc Development Limited	2101 Beneficial owner
Zuo Haibin	2101 Beneficial owner
Zhang Zhihua	2101 Beneficial owner

CNQC International Holdings (HKSE:01240) Headlines

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