Tongcheng Travel Holdings (HKSE:00780) Days Inventory : 0.09 (As of Dec. 2023)

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What is Tongcheng Travel Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tongcheng Travel Holdings's Average Total Inventories for the three months ended in Dec. 2023 was HK$1 Mil. Tongcheng Travel Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$1,061 Mil. Hence, Tongcheng Travel Holdings's Days Inventory for the three months ended in Dec. 2023 was 0.09.

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

HKSE:00780' s Days Inventory Range Over the Past 10 Years
Min: 0.11 Med: 0.12 Max: 0.12
Current: 0.11

During the past 9 years, Tongcheng Travel Holdings's highest Days Inventory was 0.12. The lowest was 0.11. And the median was 0.12.

HKSE:00780's Days Inventory is ranked better than
98.36% of 671 companies
in the Travel & Leisure industry
Industry Median: 34.93 vs HKSE:00780: 0.11

Tongcheng Travel Holdings's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (0.09). It might indicate that Tongcheng Travel Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tongcheng Travel Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 973.10.

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. Tongcheng Travel Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Tongcheng Travel Holdings Days Inventory Historical Data

The historical data trend for Tongcheng Travel 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.

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Tongcheng Travel Holdings Days Inventory Chart

Tongcheng Travel Holdings Annual Data

Trend

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Dec23

Days Inventory

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0.12

Tongcheng Travel Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	0.09

Competitive Comparison of Tongcheng Travel Holdings's Days Inventory

For the Travel Services subindustry, Tongcheng Travel 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.

Tongcheng Travel Holdings's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tongcheng Travel Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tongcheng Travel Holdings's Days Inventory falls into.

Tongcheng Travel Holdings Days Inventory Calculation

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

Tongcheng Travel Holdings'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
=	( (0	+	1.09)	/	1 )	/	3454.19	*	365
=	1.09					/	3454.19	*	365
=	0.12

Tongcheng Travel Holdings'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	1.09)	/	1 )	/	1060.68	*	365 / 4
=	1.09					/	1060.68	*	365 / 4
=	0.09

Tongcheng Travel Holdings (HKSE:00780) 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.

Tongcheng Travel Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1060.68	/	1.09
	=	973.10

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.

Tongcheng Travel Holdings's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.09	/	3439.434
	=	0.00

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.

Tongcheng Travel Holdings Days Inventory Related Terms

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

Tongcheng Travel Holdings (HKSE:00780) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tongcheng Travel Holdings Ltd (HKSE:00780) » Definitions » Days Inventory

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TEM:Germany

Address

No. 188, Yuxin Road, Tongcheng Mansion, Suzhou Industrial Park, Jiangsu, CHN

Website

https://www.tongchengir.com

Tongcheng Travel is an online travel agency platform that provides booking services for hotel and ticketing in China. It generated 88% of its revenue from accommodation reservations and transportation ticketing in the third quarter of 2022. The rest came from advertising and in-house software sales. The platform provides both online and offline services in the form of call centers. Tongcheng Travel was formed from the merger of Tongcheng Network and eLong in 2018. It is currently 21.38% owned by Tencent and 20.86% by Trip.com. Tongcheng targets lower-tier cities and as of 2021, 86.7% of its users are from non-first-tier cities in China and 61.7% of new paying users on Weixin were from Tier 3 or below cities in China. The company competes with Trip.com, Alibaba's Fliggy, and Meituan.

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