China Merchants Land (HKSE:00978) Days Inventory : 750.97 (As of Dec. 2023)

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What is China Merchants Land Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Merchants Land's Average Total Inventories for the six months ended in Dec. 2023 was HK$76,555 Mil. China Merchants Land's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$18,604 Mil. Hence, China Merchants Land's Days Inventory for the six months ended in Dec. 2023 was 750.97.

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

HKSE:00978' s Days Inventory Range Over the Past 10 Years
Min: 968.46 Med: 1224.05 Max: 2115.24
Current: 998.71

During the past 13 years, China Merchants Land's highest Days Inventory was 2115.24. The lowest was 968.46. And the median was 1224.05.

HKSE:00978's Days Inventory is ranked worse than
60.26% of 1326 companies
in the Real Estate industry
Industry Median: 699.495 vs HKSE:00978: 998.71

China Merchants Land's Days Inventory declined from Dec. 2022 (868.93) to Dec. 2023 (750.97).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Merchants Land's Inventory Turnover for the six months ended in Dec. 2023 was 0.24.

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 Merchants Land's Inventory-to-Revenue for the six months ended in Dec. 2023 was 3.69.

China Merchants Land Days Inventory Historical Data

The historical data trend for China Merchants Land'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 Merchants Land Days Inventory Chart

China Merchants Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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1,238.75

1,209.34

1,064.00

1,024.07

968.46

China Merchants Land 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															809.91	1,150.58	868.93	1,578.29	750.97

Competitive Comparison of China Merchants Land's Days Inventory

For the Real Estate - Diversified subindustry, China Merchants Land'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 Merchants Land's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Merchants Land's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Merchants Land's Days Inventory falls into.

China Merchants Land Days Inventory Calculation

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

China Merchants Land'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
=	( (70724.234	+	73977.624)	/	2 )	/	27268.238	*	365
=	72350.929					/	27268.238	*	365
=	968.46

China Merchants Land'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
=	( (79131.718	+	73977.624)	/	2 )	/	18604.208	*	365 / 2
=	76554.671					/	18604.208	*	365 / 2
=	750.97

China Merchants Land (HKSE:00978) 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 Merchants Land's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	18604.208	/	76554.671
	=	0.24

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 Merchants Land's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	76554.671	/	20767.086
	=	3.69

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 Merchants Land Days Inventory Related Terms

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

China Merchants Land (HKSE:00978) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Merchants Land Ltd (HKSE:00978) » Definitions » Days Inventory

Traded in Other Exchanges

TNY1:Germany

Address

Nos. 168-200 Connaught Road, Room 2603 to 2606, 26th Floor, China Merchants Tower, Shun Tak Centre, Central, Hong Kong, HKG

Website

http://www.cmland.hk

China Merchants Land Ltd is an investment holding company that operates through two segments. The properties segment, which generates almost all the company's sales, is engaged in real estate development and leasing, and the Asset Management segment. Asset management segment includes office premises and shopping malls. The company operates primarily in Mainland China.

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