Jianzhong Construction Development (HKSE:00589) Days Inventory : 10.54 (As of Jun. 2023)

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What is Jianzhong Construction Development Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jianzhong Construction Development's Average Total Inventories for the six months ended in Jun. 2023 was HK$5.1 Mil. Jianzhong Construction Development's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$87.5 Mil. Hence, Jianzhong Construction Development's Days Inventory for the six months ended in Jun. 2023 was 10.54.

The historical rank and industry rank for Jianzhong Construction Development's Days Inventory or its related term are showing as below:

HKSE:00589' s Days Inventory Range Over the Past 10 Years
Min: 8.06 Med: 10.44 Max: 56.84
Current: 9.09

During the past 7 years, Jianzhong Construction Development's highest Days Inventory was 56.84. The lowest was 8.06. And the median was 10.44.

HKSE:00589's Days Inventory is not ranked
in the Construction industry.
Industry Median: 48.8 vs HKSE:00589: 9.09

Jianzhong Construction Development's Days Inventory declined from Jun. 2022 (13.74) to Jun. 2023 (10.54).

Inventory Turnover measures how fast the company turns over its inventory within a year. Jianzhong Construction Development's Inventory Turnover for the six months ended in Jun. 2023 was 17.32.

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. Jianzhong Construction Development's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.05.

Jianzhong Construction Development Days Inventory Historical Data

The historical data trend for Jianzhong Construction Development'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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Jianzhong Construction Development Days Inventory Chart

Jianzhong Construction Development Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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14.82

10.44

9.80

8.06

8.33

Jianzhong Construction Development Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial							11.84	10.29	13.74	7.26	10.54

Competitive Comparison of Jianzhong Construction Development's Days Inventory

For the Engineering & Construction subindustry, Jianzhong Construction Development'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.

Jianzhong Construction Development's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Jianzhong Construction Development's Days Inventory distribution charts can be found below:

* The bar in red indicates where Jianzhong Construction Development's Days Inventory falls into.

Jianzhong Construction Development Days Inventory Calculation

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

Jianzhong Construction Development's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (21.155	+	5.109)	/	2 )	/	575.44	*	365
=	13.132					/	575.44	*	365
=	8.33

Jianzhong Construction Development's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (5.109	+	5.001)	/	2 )	/	87.536	*	365 / 2
=	5.055					/	87.536	*	365 / 2
=	10.54

Jianzhong Construction Development (HKSE:00589) 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.

Jianzhong Construction Development's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	87.536	/	5.055
	=	17.32

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.

Jianzhong Construction Development's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.055	/	94.125
	=	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.

Jianzhong Construction Development Days Inventory Related Terms

Thank you for viewing the detailed overview of Jianzhong Construction Development's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Jianzhong Construction Development (HKSE:00589) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Jianzhong Construction Development Ltd (HKSE:00589) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.33 Zhaoqiang Road, 2002, Jinlan Building, Mawei District, Fujian, Fuzhou, CHN

Website

https://www.fjjzkj.com

Jianzhong Construction Development Ltd is a construction services provider based in Fujian Province offering solutions in foundation works. The company foundation works including bored piles, H-piles, Larssen sheet piles, diaphragm walls, and tunnelling works. Its other construction services including formwork and scaffolding works including formwork and falsework design, manufacturing of scaffold and erection services; construction of sewage treatment infrastructure; and other construction work mainly E&M engineering works. Its segments include Construction service; Equipment operation service; Sewage treatment operation; and Others that include sales of construction materials and equipment and others.

Executives

Furi Investment Limited	2101 Beneficial owner
Leng Yan	2202 Interest of your spouse
Xun Liangbao	2201 Interest of corporation controlled by you
Xun Minghong	2201 Interest of corporation controlled by you
Mhx Investment Limited	2101 Beneficial owner
Song Dongling	2202 Interest of your spouse
Cv Construction Capital Limited	2101 Beneficial owner
An Hui Hai Luo Chuang Ye Tou Zi You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Hai Luo Chuang Ye Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Yi Jiang Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Yi Jiang Guo Ji You Xian Gong Si	2201 Interest of corporation controlled by you

Jianzhong Construction Development (HKSE:00589) Headlines

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