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China Brilliant Global (HKSE:08026) Days Inventory : 61.01 (As of Sep. 2023)


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What is China Brilliant Global Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Brilliant Global's Average Total Inventories for the three months ended in Sep. 2023 was HK$9.90 Mil. China Brilliant Global's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$14.81 Mil. Hence, China Brilliant Global's Days Inventory for the three months ended in Sep. 2023 was 61.01.

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

HKSE:08026' s Days Inventory Range Over the Past 10 Years
Min: 11.44   Med: 51.89   Max: 1200.62
Current: 62.82

During the past 13 years, China Brilliant Global's highest Days Inventory was 1200.62. The lowest was 11.44. And the median was 51.89.

HKSE:08026's Days Inventory is ranked better than
72.15% of 1070 companies
in the Retail - Cyclical industry
Industry Median: 110.87 vs HKSE:08026: 62.82

China Brilliant Global's Days Inventory increased from Sep. 2022 (55.59) to Sep. 2023 (61.01). It might indicate that China Brilliant Global's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Brilliant Global's Inventory Turnover for the three months ended in Sep. 2023 was 1.50.

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 Brilliant Global's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.64.


China Brilliant Global Days Inventory Historical Data

The historical data trend for China Brilliant Global'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 Brilliant Global Days Inventory Chart

China Brilliant Global Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 60.64 37.40 43.14 11.44 36.22

China Brilliant Global Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 55.59 66.94 56.44 85.64 61.01

Competitive Comparison of China Brilliant Global's Days Inventory

For the Luxury Goods subindustry, China Brilliant Global'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 Brilliant Global's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China Brilliant Global's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Brilliant Global's Days Inventory falls into.



China Brilliant Global Days Inventory Calculation

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

China Brilliant Global's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

Days Inventory (A: Mar. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2022 ) + Total Inventories (A: Mar. 2023 )) / count ) / Cost of Goods Sold (A: Mar. 2023 )*Days in Period
=( (0.634 + 16.816) / 2 ) / 87.916*365
=8.725 / 87.916*365
=36.22

China Brilliant Global's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

Days Inventory (Q: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (0 + 9.902) / 1 ) / 14.811*365 / 4
=9.902 / 14.811*365 / 4
=61.01

* 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.


China Brilliant Global  (HKSE:08026) 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 Brilliant Global's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

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 Brilliant Global's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

* 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.


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 Brilliant Global Days Inventory Related Terms

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


China Brilliant Global (HKSE:08026) Business Description

Traded in Other Exchanges
N/A
Address
9 Des Voeux Road West, Flat B, 9th Floor, Sheung Wan, Hong Kong, HKG
China Brilliant Global Ltd engages in wholesale and retailing of jewellery, money lending and distribution and retailing of Chinese herbal medicine and drugs. The company operates its business through three segments are Trading and retailing of gold and jewellery segment; Lending business, and the Fintech business segment. The Trading and retailing of gold and jewellery contribute maximum in the revenue of the company. The group's operations are mainly located in the PRC and Hong Kong, of which prime revenue is generated from the PRC.

China Brilliant Global (HKSE:08026) Headlines

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