China Art Financial Holdings (HKSE:01572) Days Inventory : 49.84 (As of Dec. 2023)

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What is China Art Financial Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Art Financial Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$11.59 Mil. China Art Financial Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$42.45 Mil. Hence, China Art Financial Holdings's Days Inventory for the six months ended in Dec. 2023 was 49.84.

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

HKSE:01572' s Days Inventory Range Over the Past 10 Years
Min: 99.66 Med: 99.66 Max: 99.66
Current: 99.66

During the past 11 years, China Art Financial Holdings's highest Days Inventory was 99.66. The lowest was 99.66. And the median was 99.66.

HKSE:01572's Days Inventory is ranked worse than
61.39% of 101 companies
in the Credit Services industry
Industry Median: 45.6 vs HKSE:01572: 99.66

China Art Financial Holdings's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (49.84). It might indicate that China Art Financial Holdings'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 Art Financial Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 3.66.

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 Art Financial Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.20.

China Art Financial Holdings Days Inventory Historical Data

The historical data trend for China Art Financial 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 Art Financial Holdings Days Inventory Chart

China Art Financial Holdings Annual Data

Trend

Dec14

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Dec23

Days Inventory

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99.66

China Art Financial Holdings Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	49.84

Competitive Comparison of China Art Financial Holdings's Days Inventory

For the Credit Services subindustry, China Art Financial 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 Art Financial Holdings's Days Inventory Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, China Art Financial Holdings's Days Inventory distribution charts can be found below:

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

China Art Financial Holdings Days Inventory Calculation

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

China Art Financial 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	+	11.594)	/	1 )	/	42.462	*	365
=	11.594					/	42.462	*	365
=	99.66

China Art Financial 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	11.594)	/	1 )	/	42.451	*	365 / 2
=	11.594					/	42.451	*	365 / 2
=	49.84

China Art Financial Holdings (HKSE:01572) 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 Art Financial Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	42.451	/	11.594
	=	3.66

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 Art Financial Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	11.594	/	58.446
	=	0.20

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 Art Financial Holdings Days Inventory Related Terms

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

China Art Financial Holdings (HKSE:01572) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » China Art Financial Holdings Ltd (HKSE:01572) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CHFHF:USA

Address

63 Jingyi South Road, Yicheng Street, Jiangsu Province, Yixing City, CHN

Website

http://www.cnartfin.com.hk

China Art Financial Holdings Ltd is an art finance service provider in China. It is engaged in operating art financing channels. The operating business segments of the company are Art and asset pawn business; Art and asset auction business, and Art and asset sales business. The company auctions products like Zisha artwork, Calligraphies and paintings, Jewel artwork, and others. Geographically, the company has a business presence in China and Hong Kong, of which a majority of the revenue is derived from China. The group's revenue is principally derived from PRC.

Executives

Zhongtai International Asset Management (singapore) Pte. Ltd.	2102 Investment manager
Lai Wing Lun	2104 Agent
Arab Osman Mohammed	2104 Agent
Win Win Stable No.5 Fund Sp	2106 Person having a security interest in shares
Xu Min	2103 Interests held jointly with another person
Zhou Jianyuan	2202 Interest of your spouse
Zhang Xiaoxing	2202 Interest of your spouse
Yubo Investment Co. Ltd	2201 Interest of corporation controlled by you
Xu Zhongliang	2202 Interest of your spouse
Fan Qinzhi	2103 Interests held jointly with another person
Wu Jian	2103 Interests held jointly with another person
Wang Jiansong	2201 Interest of corporation controlled by you
Mauve Jade Investment Limited	2201 Interest of corporation controlled by you
Intelligenesis Investment Co., Ltd	2101 Beneficial owner
Golden Sand Investment Company Limited	2201 Interest of corporation controlled by you

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