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Days Inventory is also known as Days Sales of Inventory (DSI). Richly Field China Development's Average Total Inventories for the six months ended in Sep. 2023 was HK$700.78 Mil. Richly Field China Development's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$8.66 Mil. Hence, Richly Field China Development's Days Inventory for the six months ended in Sep. 2023 was 14,763.01.
The historical rank and industry rank for Richly Field China Development's Days Inventory or its related term are showing as below:
During the past 13 years, Richly Field China Development's highest Days Inventory was 31452.88. The lowest was 1127.53. And the median was 4189.78.
Richly Field China Development's Days Inventory increased from Sep. 2022 (4,648.13) to Sep. 2023 (14,763.01). It might indicate that Richly Field China Development's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year. Richly Field China Development's Inventory Turnover for the six months ended in Sep. 2023 was 0.01.
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. Richly Field China Development's Inventory-to-Revenue for the six months ended in Sep. 2023 was 46.37.
The historical data trend for Richly Field China Development'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.
Richly Field China Development Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 2,223.84 | 4,599.45 | 31,452.88 | 1,127.53 | 7,679.07 |
Richly Field China Development Semi-Annual Data | ||||||||||||||||||||
Mar14 | Sep14 | Mar15 | Sep15 | Mar16 | Sep16 | Mar17 | Sep17 | Mar18 | Sep18 | Mar19 | Sep19 | Mar20 | Sep20 | Mar21 | Sep21 | Mar22 | Sep22 | Mar23 | Sep23 | |
Days Inventory | Get a 7-Day Free Trial | 47,462.45 | 603.90 | 4,648.13 | 25,277.38 | 14,763.01 |
For the Real Estate - Development subindustry, Richly Field China Development'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.
For the Real Estate industry and Real Estate sector, Richly Field China Development's Days Inventory distribution charts can be found below:
* The bar in red indicates where Richly Field China Development's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Richly Field China Development'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 |
= | ( (824.969 | + | 714.212) | / | 2 ) | / | 36.58 | * | 365 |
= | 769.5905 | / | 36.58 | * | 365 | ||||
= | 7,679.07 |
Richly Field China Development'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: Mar. 2023 ) | + | Total Inventories (Q: Sep. 2023 )) | / | count ) | / | Cost of Goods Sold (Q: Sep. 2023 ) | * | Days in Period |
= | ( (714.212 | + | 687.344) | / | 2 ) | / | 8.663 | * | 365 / 2 |
= | 700.778 | / | 8.663 | * | 365 / 2 | ||||
= | 14,763.01 |
* 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.
Richly Field China Development (HKSE:00313) 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.
Richly Field China Development's Inventory Turnover for the six months ended in Sep. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 8.663 | / | 700.778 | |
= | 0.01 |
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.
Richly Field China Development's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 700.778 | / | 15.112 | |
= | 46.37 |
* 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.
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