China Ting Group Holdings (HKSE:03398) Days Inventory : 228.96 (As of Jun. 2023)

View and export this data going back to 2005. Start your Free Trial

What is China Ting Group Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Ting Group Holdings's Average Total Inventories for the six months ended in Jun. 2023 was HK$825 Mil. China Ting Group Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$658 Mil. Hence, China Ting Group Holdings's Days Inventory for the six months ended in Jun. 2023 was 228.96.

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

HKSE:03398' s Days Inventory Range Over the Past 10 Years
Min: 142.65 Med: 194.91 Max: 263.68
Current: 234.17

During the past 13 years, China Ting Group Holdings's highest Days Inventory was 263.68. The lowest was 142.65. And the median was 194.91.

HKSE:03398's Days Inventory is not ranked
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 130.41 vs HKSE:03398: 234.17

China Ting Group Holdings's Days Inventory increased from Jun. 2022 (221.46) to Jun. 2023 (228.96). It might indicate that China Ting Group Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Ting Group Holdings's Inventory Turnover for the six months ended in Jun. 2023 was 0.80.

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 Ting Group Holdings's Inventory-to-Revenue for the six months ended in Jun. 2023 was 1.01.

China Ting Group Holdings Days Inventory Historical Data

The historical data trend for China Ting Group Holdings'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 Ting Group Holdings Days Inventory Chart

China Ting Group Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

Get a 7-Day Free Trial

206.86

236.73

263.68

237.70

233.24

China Ting Group Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial															271.18	224.98	221.46	240.85	228.96

Competitive Comparison of China Ting Group Holdings's Days Inventory

For the Apparel Manufacturing subindustry, China Ting Group Holdings'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 Ting Group Holdings's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Ting Group Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Ting Group Holdings's Days Inventory falls into.

China Ting Group Holdings Days Inventory Calculation

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

China Ting Group Holdings'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
=	( (998.371	+	864.995)	/	2 )	/	1458.028	*	365
=	931.683					/	1458.028	*	365
=	233.24

China Ting Group Holdings'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
=	( (864.995	+	785.721)	/	2 )	/	657.865	*	365 / 2
=	825.358					/	657.865	*	365 / 2
=	228.96

China Ting Group Holdings (HKSE:03398) 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 Ting Group Holdings's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	657.865	/	825.358
	=	0.80

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 Ting Group Holdings's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	825.358	/	819.91
	=	1.01

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 Ting Group Holdings Days Inventory Related Terms

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

China Ting Group Holdings (HKSE:03398) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Ting Group Holdings Ltd (HKSE:03398) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 King Yip Street, 27th Floor, King Palace Plaza, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.chinating.com.hk

China Ting Group Holdings Ltd is an investment holding company. Along with its subsidiaries, the firm is engaged in garment manufacturing for export and retailing branded fashion apparel in Mainland China. It operates in three reportable segments including manufacturing and sale of garments on an original equipment manufacturer (OEM), manufacturing and retailing of branded fashion apparel (Retail), and property investment. It derives the majority of its revenue from the OEM segment. Geographically, it derives a majority of its revenue from the PRC and also has an operation in North America, European Union, Hong Kong, and Other countries.

China Ting Group Holdings (HKSE:03398) Headlines

No Headlines