Deewin Tianxia Co (HKSE:02418) Days Inventory : 9.30 (As of Dec. 2023)

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What is Deewin Tianxia Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Deewin Tianxia Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$75 Mil. Deewin Tianxia Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,467 Mil. Hence, Deewin Tianxia Co's Days Inventory for the six months ended in Dec. 2023 was 9.30.

The historical rank and industry rank for Deewin Tianxia Co's Days Inventory or its related term are showing as below:

HKSE:02418' s Days Inventory Range Over the Past 10 Years
Min: 11.18 Med: 13.55 Max: 25.68
Current: 11.79

During the past 5 years, Deewin Tianxia Co's highest Days Inventory was 25.68. The lowest was 11.18. And the median was 13.55.

HKSE:02418's Days Inventory is ranked better than
98.01% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 81.39 vs HKSE:02418: 11.79

Deewin Tianxia Co's Days Inventory declined from Dec. 2022 (21.84) to Dec. 2023 (9.30).

Inventory Turnover measures how fast the company turns over its inventory within a year. Deewin Tianxia Co's Inventory Turnover for the six months ended in Dec. 2023 was 19.63.

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. Deewin Tianxia Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.04.

Deewin Tianxia Co Days Inventory Historical Data

The historical data trend for Deewin Tianxia Co'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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Deewin Tianxia Co Days Inventory Chart

Deewin Tianxia Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

13.55

11.61

20.00

25.68

11.18

Deewin Tianxia Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			35.20	26.75	21.84	15.05	9.30

Competitive Comparison of Deewin Tianxia Co's Days Inventory

For the Auto & Truck Dealerships subindustry, Deewin Tianxia Co'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.

Deewin Tianxia Co's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Deewin Tianxia Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Deewin Tianxia Co's Days Inventory falls into.

Deewin Tianxia Co Days Inventory Calculation

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

Deewin Tianxia Co'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
=	( (126.41	+	48.014)	/	2 )	/	2848.226	*	365
=	87.212					/	2848.226	*	365
=	11.18

Deewin Tianxia Co'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
=	( (101.471	+	48.014)	/	2 )	/	1466.903	*	365 / 2
=	74.7425					/	1466.903	*	365 / 2
=	9.30

Deewin Tianxia Co (HKSE:02418) 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.

Deewin Tianxia Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1466.903	/	74.7425
	=	19.63

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.

Deewin Tianxia Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	74.7425	/	1751.528
	=	0.04

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.

Deewin Tianxia Co Days Inventory Related Terms

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

Deewin Tianxia Co (HKSE:02418) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Deewin Tianxia Co Ltd (HKSE:02418) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 West Section of Xijin Road, Building 1, Jingwei Centre, 16th Floor, Unit 1, Economic and Technological Development Zone, Jingwei New City, Shaanxi, Xi’an, CHN

Website

http://www.deewintx.com

Deewin Tianxia Co Ltd is principally engaged in the business of logistics and supply chain service including supply chain business, automobile sales business and aftermarket product business, supply chain financial service including financial leasing business, factoring business and insurance brokerage business, and internet of vehicle and data service in China to players along the commercial automobile industry chain. Commercial automobiles, mainly include trucks, pickups, trailers, buses and lorries.

Deewin Tianxia Co (HKSE:02418) Headlines

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