China Health Technology Group Holding Co (China Health Technology Group Holding Co) Days Inventory : 13.06 (As of Dec. 2023)

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What is China Health Technology Group Holding Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Health Technology Group Holding Co's Average Total Inventories for the six months ended in Dec. 2023 was $0.15 Mil. China Health Technology Group Holding Co's Cost of Goods Sold for the six months ended in Dec. 2023 was $2.14 Mil. Hence, China Health Technology Group Holding Co's Days Inventory for the six months ended in Dec. 2023 was 13.06.

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

CHBOF' s Days Inventory Range Over the Past 10 Years
Min: 2.15 Med: 36.39 Max: 140.07
Current: 8.95

During the past 13 years, China Health Technology Group Holding Co's highest Days Inventory was 140.07. The lowest was 2.15. And the median was 36.39.

CHBOF's Days Inventory is ranked better than
98.56% of 277 companies
in the Forest Products industry
Industry Median: 87.89 vs CHBOF: 8.95

China Health Technology Group Holding Co's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (13.06). It might indicate that China Health Technology Group Holding Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Health Technology Group Holding Co's Inventory Turnover for the six months ended in Dec. 2023 was 13.97.

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. China Health Technology Group Holding Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.06.

China Health Technology Group Holding Co Days Inventory Historical Data

The historical data trend for China Health Technology Group Holding 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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China Health Technology Group Holding Co Days Inventory Chart

China Health Technology Group Holding Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Jun22

Jun23

Days Inventory

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17.20

21.66

64.03

7.64

China Health Technology Group Holding Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															30.45	-	-	6.16	13.06

Competitive Comparison of China Health Technology Group Holding Co's Days Inventory

For the Lumber & Wood Production subindustry, China Health Technology Group Holding 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 Health Technology Group Holding Co's Days Inventory Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, China Health Technology Group Holding Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Health Technology Group Holding Co's Days Inventory falls into.

China Health Technology Group Holding Co Days Inventory Calculation

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

China Health Technology Group Holding Co's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0	+	0.138)	/	1 )	/	6.592	*	365
=	0.138					/	6.592	*	365
=	7.64

China Health Technology Group Holding 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
=	( (0.138	+	0.168)	/	2 )	/	2.138	*	365 / 2
=	0.153					/	2.138	*	365 / 2
=	13.06

China Health Technology Group Holding Co (GREY:CHBOF) 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 Health Technology Group Holding Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.138	/	0.153
	=	13.97

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.153	/	2.664
	=	0.06

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 Health Technology Group Holding Co Days Inventory Related Terms

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

China Health Technology Group Holding Co (China Health Technology Group Holding Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » China Health Technology Group Holding Co Ltd (GREY:CHBOF) » Definitions » Days Inventory

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01069:Hong Kong

Address

Binhe Road South, Room 4101, Phase II Jingji Binhe Shidai Tower North, Futian District, Shenzhen, CHN

Website

http://www.caflc.co

China Health Technology Group Holding Co Ltd Formerly China Bozza Development Holdings Ltd is an investment holding company. It is engaged in the business of management of new agriculture and forestry resources in the People's Republic of China. The company has two reportable segments including the Forestry business and Ginseng Business. The forestry management business includes plantation, logging, and sale of timber-related products and the Ginseng Business includes ginseng plantation and trading of related products. The company generates a majority of its revenue from the Ginseng business segment. Geographically company generates its key revenue from the PRC.

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