Tian An China Investments Co (HKSE:00028) Days Inventory : 1,024.14 (As of Dec. 2023)

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What is Tian An China Investments Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tian An China Investments Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$6,528 Mil. Tian An China Investments Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,163 Mil. Hence, Tian An China Investments Co's Days Inventory for the six months ended in Dec. 2023 was 1,024.14.

The historical rank and industry rank for Tian An China Investments Co's Days Inventory or its related term are showing as below:

HKSE:00028' s Days Inventory Range Over the Past 10 Years
Min: 897.41 Med: 1682.64 Max: 4202.92
Current: 1248.12

During the past 13 years, Tian An China Investments Co's highest Days Inventory was 4202.92. The lowest was 897.41. And the median was 1682.64.

HKSE:00028's Days Inventory is ranked worse than
66.52% of 1329 companies
in the Real Estate industry
Industry Median: 699.45 vs HKSE:00028: 1248.12

Tian An China Investments Co's Days Inventory increased from Dec. 2022 (522.86) to Dec. 2023 (1,024.14). It might indicate that Tian An China Investments Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tian An China Investments Co's Inventory Turnover for the six months ended in Dec. 2023 was 0.18.

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. Tian An China Investments Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 3.95.

Tian An China Investments Co Days Inventory Historical Data

The historical data trend for Tian An China Investments 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.

Tian An China Investments Co Days Inventory Chart

Tian An China Investments Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

1,585.74

1,584.99

2,379.56

897.41

1,281.66

Tian An China Investments Co Semi-Annual Data
	Jun14	Dec14	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															1,572.14	3,738.75	522.86	1,566.66	1,024.14

Competitive Comparison of Tian An China Investments Co's Days Inventory

For the Real Estate - Development subindustry, Tian An China Investments 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.

Tian An China Investments Co's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tian An China Investments Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tian An China Investments Co's Days Inventory falls into.

Tian An China Investments Co Days Inventory Calculation

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

Tian An China Investments 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
=	( (6252.25	+	6966.31)	/	2 )	/	1882.243	*	365
=	6609.28					/	1882.243	*	365
=	1,281.66

Tian An China Investments 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
=	( (6090.423	+	6966.31)	/	2 )	/	1163.345	*	365 / 2
=	6528.3665					/	1163.345	*	365 / 2
=	1,024.14

Tian An China Investments Co (HKSE:00028) 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.

Tian An China Investments Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1163.345	/	6528.3665
	=	0.18

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.

Tian An China Investments Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6528.3665	/	1652.872
	=	3.95

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.

Tian An China Investments Co Days Inventory Related Terms

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

Tian An China Investments Co (HKSE:00028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tian An China Investments Co Ltd (HKSE:00028) » Definitions » Days Inventory

Traded in Other Exchanges

TIACF:USA

Address

138 Gloucester Road, 22nd Floor, Allied Kajima Building, Wanchai, Hong Kong, HKG

Website

http://www.tiananchina.com

Tian An China Investments Co Ltd is an investment holding company. Along with its subsidiaries, it is engaged in the activities of Property development, Property investment, and Other operations segments. The activities of the group include the development of apartments, villas, office buildings, and commercial properties, property investment, and property management on the mainland in the PRC, and property investment and property management in Hong Kong. The firm's operations are reported from China from the property development segment.

Executives

Allied Group Limited	2201 Interest of corporation controlled by you
Lee Seng Hui	2201 Interest of corporation controlled by you
Lee Seng Huang	2201 Interest of corporation controlled by you
Lee Su Hwei	2201 Interest of corporation controlled by you
China Spirit Limited	2201 Interest of corporation controlled by you
Vigor Online Offshore Limited	2101 Beneficial owner
Chong Sok Un	2201 Interest of corporation controlled by you
Pia Ltd	2102 Investment manager
Argyle Street Management Holdings Limited
Argyle Street Management Limited
Chan Kin
Allied Properties (h.k.) Limited

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