Grand Baoxin Auto Group (HKSE:01293) Days Inventory : 41.32 (As of Dec. 2023)

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What is Grand Baoxin Auto Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Grand Baoxin Auto Group's Average Total Inventories for the six months ended in Dec. 2023 was HK$3,851 Mil. Grand Baoxin Auto Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$17,008 Mil. Hence, Grand Baoxin Auto Group's Days Inventory for the six months ended in Dec. 2023 was 41.32.

The historical rank and industry rank for Grand Baoxin Auto Group's Days Inventory or its related term are showing as below:

HKSE:01293' s Days Inventory Range Over the Past 10 Years
Min: 34.08 Med: 40.45 Max: 47.69
Current: 41.07

During the past 13 years, Grand Baoxin Auto Group's highest Days Inventory was 47.69. The lowest was 34.08. And the median was 40.45.

HKSE:01293's Days Inventory is ranked better than
84.26% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 81.39 vs HKSE:01293: 41.07

Grand Baoxin Auto Group's Days Inventory increased from Dec. 2022 (36.52) to Dec. 2023 (41.32). It might indicate that Grand Baoxin Auto Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Grand Baoxin Auto Group's Inventory Turnover for the six months ended in Dec. 2023 was 4.42.

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. Grand Baoxin Auto Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.22.

Grand Baoxin Auto Group Days Inventory Historical Data

The historical data trend for Grand Baoxin Auto Group'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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Grand Baoxin Auto Group Days Inventory Chart

Grand Baoxin Auto Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

41.92

39.49

34.08

36.66

40.95

Grand Baoxin Auto Group 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															34.18	45.71	36.52	40.92	41.32

Competitive Comparison of Grand Baoxin Auto Group's Days Inventory

For the Auto & Truck Dealerships subindustry, Grand Baoxin Auto Group'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.

Grand Baoxin Auto Group's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Grand Baoxin Auto Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Grand Baoxin Auto Group's Days Inventory falls into.

Grand Baoxin Auto Group Days Inventory Calculation

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

Grand Baoxin Auto Group'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
=	( (3599.155	+	3913.16)	/	2 )	/	33483.16	*	365
=	3756.1575					/	33483.16	*	365
=	40.95

Grand Baoxin Auto Group'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
=	( (3789.191	+	3913.16)	/	2 )	/	17008.301	*	365 / 2
=	3851.1755					/	17008.301	*	365 / 2
=	41.32

Grand Baoxin Auto Group (HKSE:01293) 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.

Grand Baoxin Auto Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	17008.301	/	3851.1755
	=	4.42

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.

Grand Baoxin Auto Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3851.1755	/	17431.521
	=	0.22

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.

Grand Baoxin Auto Group Days Inventory Related Terms

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

Grand Baoxin Auto Group (HKSE:01293) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Grand Baoxin Auto Group Ltd (HKSE:01293) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GBXXY:USA

Address

No. 3998 Hongxin Road, Grand Baoxin Building, Minhang District, Shanghai, CHN

Website

http://www.klbaoxin.com

Grand Baoxin Auto Group Ltd is an automobile sales and service group which focuses on mid-and-high end brands as well as luxury and ultra-luxury brands. It has only one reportable segment being the Sale of Motor Vehicles and the Provision of Related Services. The company offers a full range of integrated services, providing a range of services including new car sales, after-sales maintenance, auto beauty modification, used car sales, auto insurance business, auto parts sales, and other automotive-related product sales. The company's car brand portfolio comprises of Audi, Jaguar Land Rover, Volvo, Cadillac, Chrysler, Alfa Romeo, Porsche, Rolls Royce, and others. The company operates in Mainland China.

Grand Baoxin Auto Group (HKSE:01293) Headlines

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