P.B. Group (HKSE:08331) Days Inventory : 56.70 (As of Sep. 2023)

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What is P.B. Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). P.B. Group's Average Total Inventories for the three months ended in Sep. 2023 was HK$5.81 Mil. P.B. Group's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$9.35 Mil. Hence, P.B. Group's Days Inventory for the three months ended in Sep. 2023 was 56.70.

The historical rank and industry rank for P.B. Group's Days Inventory or its related term are showing as below:

HKSE:08331' s Days Inventory Range Over the Past 10 Years
Min: 29.26 Med: 43.94 Max: 110.39
Current: 110.39

During the past 8 years, P.B. Group's highest Days Inventory was 110.39. The lowest was 29.26. And the median was 43.94.

HKSE:08331's Days Inventory is ranked worse than
61.27% of 661 companies
in the Metals & Mining industry
Industry Median: 88.64 vs HKSE:08331: 110.39

P.B. Group's Days Inventory increased from Mar. 2022 (42.55) to Sep. 2023 (56.70). It might indicate that P.B. Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. P.B. Group's Inventory Turnover for the three months ended in Sep. 2023 was 1.61.

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. P.B. Group's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.38.

P.B. Group Days Inventory Historical Data

The historical data trend for P.B. 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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P.B. Group Days Inventory Chart

P.B. Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Inventory

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50.95

29.26

34.80

46.05

38.47

P.B. Group Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															42.55	43.62	50.16	-	56.70

Competitive Comparison of P.B. Group's Days Inventory

For the Other Industrial Metals & Mining subindustry, P.B. 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.

P.B. Group's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, P.B. Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where P.B. Group's Days Inventory falls into.

P.B. Group Days Inventory Calculation

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

P.B. Group's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

	Days Inventory (A: Dec. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (4.372	+	5.219)	/	2 )	/	45.497	*	365
=	4.7955					/	45.497	*	365
=	38.47

P.B. Group'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	+	5.809)	/	1 )	/	9.348	*	365 / 4
=	5.809					/	9.348	*	365 / 4
=	56.70

P.B. Group (HKSE:08331) 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.

P.B. Group's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9.348	/	5.809
	=	1.61

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.

P.B. Group's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.809	/	15.096
	=	0.38

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.

P.B. Group Days Inventory Related Terms

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

P.B. Group (HKSE:08331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » P.B. Group Ltd (HKSE:08331) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 Tung Lo Wan Road, Park Commercial Centre, Room 1601, 16/F, Causeway Bay, Hong Kong, HKG

Website

http://www.thepbg.com

P.B. Group Ltd is engaged in bentonite mining, production and sales of drilling mud and pelletising clay. The company is also engaged in the financial service business. It operates in two reportable segments Bentonite mining operation engaged in Bentonite mining, production and sales of drilling mud and pelletising clay; and Financial service business engaged in provision of wealth management services, money lending services and provision of financial services. It derives revenue from Bentonite mining operations.

P.B. Group (HKSE:08331) Headlines

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