China Tianbao Group Development Co (HKSE:01427) Days Inventory : 272.95 (As of Dec. 2023)

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What is China Tianbao Group Development Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Tianbao Group Development Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$2,782 Mil. China Tianbao Group Development Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,860 Mil. Hence, China Tianbao Group Development Co's Days Inventory for the six months ended in Dec. 2023 was 272.95.

The historical rank and industry rank for China Tianbao Group Development Co's Days Inventory or its related term are showing as below:

HKSE:01427' s Days Inventory Range Over the Past 10 Years
Min: 348.93 Med: 432.09 Max: 688.84
Current: 394.81

During the past 8 years, China Tianbao Group Development Co's highest Days Inventory was 688.84. The lowest was 348.93. And the median was 432.09.

HKSE:01427's Days Inventory is ranked better than
63.66% of 1318 companies
in the Real Estate industry
Industry Median: 699.07 vs HKSE:01427: 394.81

China Tianbao Group Development Co's Days Inventory declined from Dec. 2022 (665.01) to Dec. 2023 (272.95).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Tianbao Group Development Co's Inventory Turnover for the six months ended in Dec. 2023 was 0.67.

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. China Tianbao Group Development Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 1.44.

China Tianbao Group Development Co Days Inventory Historical Data

The historical data trend for China Tianbao Group Development 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.

* Premium members only.

China Tianbao Group Development Co Days Inventory Chart

China Tianbao Group Development Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

505.99

376.55

434.15

688.84

367.71

China Tianbao Group Development Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial								331.49	670.02	665.01	678.03	272.95

Competitive Comparison of China Tianbao Group Development Co's Days Inventory

For the Real Estate - Diversified subindustry, China Tianbao Group Development 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.

China Tianbao Group Development Co's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Tianbao Group Development Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Tianbao Group Development Co's Days Inventory falls into.

China Tianbao Group Development Co Days Inventory Calculation

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

China Tianbao Group Development 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
=	( (3502.821	+	2127.1)	/	2 )	/	2794.251	*	365
=	2814.9605					/	2794.251	*	365
=	367.71

China Tianbao Group Development Co'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
=	( (3437.36	+	2127.1)	/	2 )	/	1860.233	*	365 / 2
=	2782.23					/	1860.233	*	365 / 2
=	272.95

China Tianbao Group Development Co (HKSE:01427) 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.

China Tianbao Group Development Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1860.233	/	2782.23
	=	0.67

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.

China Tianbao Group Development Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2782.23	/	1938.533
	=	1.44

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.

China Tianbao Group Development Co Days Inventory Related Terms

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

China Tianbao Group Development Co (HKSE:01427) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Tianbao Group Development Co Ltd (HKSE:01427) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 33, Guanyun East Road, Hebei Province, Zhuozhou, CHN

Website

https://www.chinatbjt.com

China Tianbao Group Development Co Ltd is a property developer and construction company in Zhuozhou, a city in Hebei Province, China. The group operates through two segments: Property development and other business; and construction contracting businesses. The property development business is engaged in the development and sales of residential properties, and leasing and operation of an investment property. The construction contracting business provides construction contracting services mainly as a general contractor for building construction projects, infrastructure construction projects, and industrial and commercial construction projects.

Executives

Ai Xinting	2101 Beneficial owner
Jixiang International Industrial Company Limited	2101 Beneficial owner
Li Baotian	2201 Interest of corporation controlled by you
Zhou Chunlan	2202 Interest of your spouse

China Tianbao Group Development Co (HKSE:01427) Headlines

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