Wharf Real Estate Investment Co (HKSE:01997) Days Inventory : 174.13 (As of Dec. 2023)

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What is Wharf Real Estate Investment Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Wharf Real Estate Investment Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$1,394 Mil. Wharf Real Estate Investment Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,461 Mil. Hence, Wharf Real Estate Investment Co's Days Inventory for the six months ended in Dec. 2023 was 174.13.

The historical rank and industry rank for Wharf Real Estate Investment Co's Days Inventory or its related term are showing as below:

HKSE:01997' s Days Inventory Range Over the Past 10 Years
Min: 86.26 Med: 270.65 Max: 666.49
Current: 213.31

During the past 10 years, Wharf Real Estate Investment Co's highest Days Inventory was 666.49. The lowest was 86.26. And the median was 270.65.

HKSE:01997's Days Inventory is ranked better than
75.3% of 1324 companies
in the Real Estate industry
Industry Median: 693.655 vs HKSE:01997: 213.31

Wharf Real Estate Investment Co's Days Inventory declined from Dec. 2022 (275.28) to Dec. 2023 (174.13).

Inventory Turnover measures how fast the company turns over its inventory within a year. Wharf Real Estate Investment Co's Inventory Turnover for the six months ended in Dec. 2023 was 1.05.

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. Wharf Real Estate Investment Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.20.

Wharf Real Estate Investment Co Days Inventory Historical Data

The historical data trend for Wharf Real Estate Investment 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.

Wharf Real Estate Investment Co Days Inventory Chart

Wharf Real Estate Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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666.49

432.07

258.16

304.09

204.91

Wharf Real Estate Investment Co Semi-Annual Data
	Dec14	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													190.59	319.71	275.28	272.10	174.13

Competitive Comparison of Wharf Real Estate Investment Co's Days Inventory

For the Real Estate Services subindustry, Wharf Real Estate Investment 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.

Wharf Real Estate Investment Co's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Wharf Real Estate Investment Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Wharf Real Estate Investment Co's Days Inventory falls into.

Wharf Real Estate Investment Co Days Inventory Calculation

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

Wharf Real Estate Investment 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
=	( (1809	+	1135)	/	2 )	/	2622	*	365
=	1472					/	2622	*	365
=	204.91

Wharf Real Estate Investment 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
=	( (1653	+	1135)	/	2 )	/	1461	*	365 / 2
=	1394					/	1461	*	365 / 2
=	174.13

Wharf Real Estate Investment Co (HKSE:01997) 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.

Wharf Real Estate Investment Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1461	/	1394
	=	1.05

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.

Wharf Real Estate Investment Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1394	/	6833
	=	0.20

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.

Wharf Real Estate Investment Co Days Inventory Related Terms

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

Wharf Real Estate Investment Co (HKSE:01997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Wharf Real Estate Investment Co Ltd (HKSE:01997) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

WRFRF:USA 4WF:Germany

Address

https://www.wharfreic.com/en/investor/reports, 16th Floor, Ocean Centre, Harbour City, Kowloon, Hong Kong, HKG

Website

https://www.wharfreic.com

Wharf spun off Wharf Real Estate Investment Co in November 2017. It is a leading property investor with a focus in prime retail assets in Hong Kong. Rental income from two flagship assets Harbour City and Times Square account for around 80% of revenue. The balance is made up of The Murray hotel, a suburban mall in Plaza Hollywood, two offices in Central CBD. The group also holds two malls in Singapore and a mixed-development in Suzhou. Wharf was originally a shipping company but transformed into a property developer and investor in the 1960s by redeveloping its unused industrial assets, many located in city-center and waterfront locations. The Harbour City site was previously wharfs, and the Times Square site was a tram depot in the 1970s. Wheelock holds a 45% stake in WREIC.

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