Renze Harvest International (HKSE:01282) Days Inventory : 1,653.30 (As of Dec. 2023)

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What is Renze Harvest International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Renze Harvest International's Average Total Inventories for the six months ended in Dec. 2023 was HK$2,901.1 Mil. Renze Harvest International's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$320.2 Mil. Hence, Renze Harvest International's Days Inventory for the six months ended in Dec. 2023 was 1,653.30.

The historical rank and industry rank for Renze Harvest International's Days Inventory or its related term are showing as below:

HKSE:01282' s Days Inventory Range Over the Past 10 Years
Min: 18.21 Med: 314.81 Max: 3097.89
Current: 1296.17

During the past 13 years, Renze Harvest International's highest Days Inventory was 3097.89. The lowest was 18.21. And the median was 314.81.

HKSE:01282's Days Inventory is ranked worse than
68.01% of 1319 companies
in the Real Estate industry
Industry Median: 698.69 vs HKSE:01282: 1296.17

Renze Harvest International's Days Inventory increased from Dec. 2022 (378.64) to Dec. 2023 (1,653.30). It might indicate that Renze Harvest International's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Renze Harvest International's Inventory Turnover for the six months ended in Dec. 2023 was 0.11.

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. Renze Harvest International's Inventory-to-Revenue for the six months ended in Dec. 2023 was 7.14.

Renze Harvest International Days Inventory Historical Data

The historical data trend for Renze Harvest International'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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Renze Harvest International Days Inventory Chart

Renze Harvest International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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210.07

3,097.89

1,161.23

419.55

1,074.02

Renze Harvest International 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															979.51	478.39	378.64	1,127.26	1,653.30

Competitive Comparison of Renze Harvest International's Days Inventory

For the Real Estate - Diversified subindustry, Renze Harvest International'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.

Renze Harvest International's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Renze Harvest International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Renze Harvest International's Days Inventory falls into.

Renze Harvest International Days Inventory Calculation

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

Renze Harvest International'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
=	( (607.781	+	2933.188)	/	2 )	/	601.688	*	365
=	1770.4845					/	601.688	*	365
=	1,074.02

Renze Harvest International'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
=	( (2869.085	+	2933.188)	/	2 )	/	320.242	*	365 / 2
=	2901.1365					/	320.242	*	365 / 2
=	1,653.30

Renze Harvest International (HKSE:01282) 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.

Renze Harvest International's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	320.242	/	2901.1365
	=	0.11

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.

Renze Harvest International's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2901.1365	/	406.35
	=	7.14

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.

Renze Harvest International Days Inventory Related Terms

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

Renze Harvest International (HKSE:01282) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Renze Harvest International Ltd (HKSE:01282) » Definitions » Days Inventory

Traded in Other Exchanges

W2T0:Germany

Address

Unit 1909, 19/F, Tower Two, Lippo Centre, No. 89, Queensway, Admiralty, HKG

Website

https://www.hk1282.com

Renze Harvest International Ltd Formerly Glory Sun Financial Group Ltd is a holding company in China that reports in four business segments: Automation, Financial services, Property investment and development, and Securities Investment. It generates maximum revenue from the Property Investment and Development segment.

Executives

China Grand Developments Limited	2101 Beneficial owner
Ma Jianghao	2201 Interest of corporation controlled by you
Bao Xin Development Limited	2101 Beneficial owner
Bao Xin International Group Limited	2201 Interest of corporation controlled by you
Tinmark Development Limited	2201 Interest of corporation controlled by you
Yao Jianhui	2201 Interest of corporation controlled by you
Qian Hai Ren Shou Bao Xian Gu Fen You Xian Gong Si	2101 Beneficial owner

Renze Harvest International (HKSE:01282) Headlines

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