China Best Group Holding (HKSE:00370) Days Inventory : 11.56 (As of Sep. 2023)

View and export this data going back to 1996. Start your Free Trial

What is China Best Group Holding Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Best Group Holding's Average Total Inventories for the six months ended in Sep. 2023 was HK$5.2 Mil. China Best Group Holding's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$81.7 Mil. Hence, China Best Group Holding's Days Inventory for the six months ended in Sep. 2023 was 11.56.

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

HKSE:00370' s Days Inventory Range Over the Past 10 Years
Min: 2.22 Med: 15.82 Max: 110.87
Current: 6.7

During the past 13 years, China Best Group Holding's highest Days Inventory was 110.87. The lowest was 2.22. And the median was 15.82.

HKSE:00370's Days Inventory is ranked better than
96.44% of 1068 companies
in the Retail - Cyclical industry
Industry Median: 110.605 vs HKSE:00370: 6.70

China Best Group Holding's Days Inventory increased from Sep. 2022 (3.02) to Sep. 2023 (11.56). It might indicate that China Best Group Holding's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Best Group Holding's Inventory Turnover for the six months ended in Sep. 2023 was 15.79.

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 Best Group Holding's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.05.

China Best Group Holding Days Inventory Historical Data

The historical data trend for China Best Group Holding'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 Best Group Holding Days Inventory Chart

China Best Group Holding Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Mar22

Mar23

Days Inventory

Get a 7-Day Free Trial

2.22

4.94

China Best Group Holding Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															37.60	29.02	3.02	5.34	11.56

Competitive Comparison of China Best Group Holding's Days Inventory

For the Specialty Retail subindustry, China Best Group Holding'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 Best Group Holding's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China Best Group Holding's Days Inventory distribution charts can be found below:

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

China Best Group Holding Days Inventory Calculation

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

China Best Group Holding's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (4.43	+	6.416)	/	2 )	/	401.092	*	365
=	5.423					/	401.092	*	365
=	4.94

China Best Group Holding's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (6.416	+	3.929)	/	2 )	/	81.68	*	365 / 2
=	5.1725					/	81.68	*	365 / 2
=	11.56

China Best Group Holding (HKSE:00370) 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 Best Group Holding's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	81.68	/	5.1725
	=	15.79

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 Best Group Holding's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.1725	/	106.686
	=	0.05

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 Best Group Holding Days Inventory Related Terms

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

China Best Group Holding (HKSE:00370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Best Group Holding Ltd (HKSE:00370) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

EFO3:Germany

Address

The Gateway, Harbour City, Suite 1901-2 & 14, 19th Floor, Tower 6, Kowloon, Hong Kong, HKG

Website

http://www.cbgroup.com.hk

China Best Group Holding Ltd is a China-based company having various business segments. Trading of goods including radio systems and electronic appliances which is the key revenue driver; Finance leasing of plant and machinery; Money lending; Securities and futures brokerage segment engages in securities and futures dealing services in Hong Kong; International air and sea freight forwarding and logistic services to customers in Singapore and the USA; Securities trading of equity securities and dividend income from held for trading investments; Property investment for rental income and capital appreciation in PRC; Building architecture and interior design services; Property brokerage and agency service,Geothermal energy, Customised technical support segment and Centralised heating segment.

China Best Group Holding (HKSE:00370) Headlines

No Headlines