China Golden Classic Group (HKSE:08281) Days Inventory : 46.73 (As of Dec. 2023)

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What is China Golden Classic Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Golden Classic Group's Average Total Inventories for the three months ended in Dec. 2023 was HK$32.0 Mil. China Golden Classic Group's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$62.4 Mil. Hence, China Golden Classic Group's Days Inventory for the three months ended in Dec. 2023 was 46.73.

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

HKSE:08281' s Days Inventory Range Over the Past 10 Years
Min: 62.51 Med: 74.47 Max: 90.48
Current: 68.51

During the past 11 years, China Golden Classic Group's highest Days Inventory was 90.48. The lowest was 62.51. And the median was 74.47.

HKSE:08281's Days Inventory is ranked better than
59.63% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 81.945 vs HKSE:08281: 68.51

China Golden Classic Group's Days Inventory declined from Dec. 2022 (63.13) to Dec. 2023 (46.73).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Golden Classic Group's Inventory Turnover for the three months ended in Dec. 2023 was 1.95.

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 Golden Classic Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.33.

China Golden Classic Group Days Inventory Historical Data

The historical data trend for China Golden Classic 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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China Golden Classic Group Days Inventory Chart

China Golden Classic Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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80.17

73.39

66.01

76.78

65.35

China Golden Classic Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															63.13	75.92	88.00	79.38	46.73

Competitive Comparison of China Golden Classic Group's Days Inventory

For the Household & Personal Products subindustry, China Golden Classic 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.

China Golden Classic Group's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Golden Classic Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Golden Classic Group's Days Inventory falls into.

China Golden Classic Group Days Inventory Calculation

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

China Golden Classic Group'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
=	( (39.493	+	31.966)	/	2 )	/	199.563	*	365
=	35.7295					/	199.563	*	365
=	65.35

China Golden Classic Group'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	31.966)	/	1 )	/	62.417	*	365 / 4
=	31.966					/	62.417	*	365 / 4
=	46.73

China Golden Classic Group (HKSE:08281) 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 Golden Classic Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	62.417	/	31.966
	=	1.95

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 Golden Classic Group's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	31.966	/	97.062
	=	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.

China Golden Classic Group Days Inventory Related Terms

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

China Golden Classic Group (HKSE:08281) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Golden Classic Group Ltd (HKSE:08281) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 34,35 Yingbin Road, Xiake Town, Jiangsu Province, Jiangyin City, CHN

Website

http://www.goldenclassicbio.com

China Golden Classic Group Ltd is a daily household product producer in China. The company's reportable segment includes Oral care products, Household Hygiene products, and Leather care products. The Oral Care Products segment involves the manufacturing and selling of oral care products including functional toothpaste, mouthwash, oral spray, and toothbrush. The Leather Care Products segment offers leather shoe care products and leather clothing care products. The Household Hygiene Products segment comprises household hygiene products such as surface cleaners, laundry care products, toilet care products, and mould proof products. The group's operations are mainly located in the PRC.

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