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Kangqiao Service Group (HKSE:02205) Days Inventory : 3.66 (As of Dec. 2023)


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What is Kangqiao Service Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kangqiao Service Group's Average Total Inventories for the six months ended in Dec. 2023 was HK$8 Mil. Kangqiao Service Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$416 Mil. Hence, Kangqiao Service Group's Days Inventory for the six months ended in Dec. 2023 was 3.66.

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

HKSE:02205' s Days Inventory Range Over the Past 10 Years
Min: 0.66   Med: 0.68   Max: 3.82
Current: 2.78

During the past 6 years, Kangqiao Service Group's highest Days Inventory was 3.82. The lowest was 0.66. And the median was 0.68.

HKSE:02205's Days Inventory is ranked better than
95.49% of 1329 companies
in the Real Estate industry
Industry Median: 699.45 vs HKSE:02205: 2.78

Kangqiao Service Group's Days Inventory increased from Dec. 2022 (0.58) to Dec. 2023 (3.66). It might indicate that Kangqiao Service Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kangqiao Service Group's Inventory Turnover for the six months ended in Dec. 2023 was 49.89.

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. Kangqiao Service Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.02.


Kangqiao Service Group Days Inventory Historical Data

The historical data trend for Kangqiao Service 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.

* Premium members only.

Kangqiao Service Group Days Inventory Chart

Kangqiao Service Group Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial - - 0.68 0.66 3.82

Kangqiao Service Group Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.38 0.75 0.58 0.65 3.66

Competitive Comparison of Kangqiao Service Group's Days Inventory

For the Real Estate Services subindustry, Kangqiao Service 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.


Kangqiao Service Group's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Kangqiao Service Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Kangqiao Service Group's Days Inventory falls into.



Kangqiao Service Group Days Inventory Calculation

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

Kangqiao Service Group'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
=( (1.132 + 15.216) / 2 ) / 780.215*365
=8.174 / 780.215*365
=3.82

Kangqiao Service Group'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
=( (1.463 + 15.216) / 2 ) / 416.021*365 / 2
=8.3395 / 416.021*365 / 2
=3.66

* 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.


Kangqiao Service Group  (HKSE:02205) 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.

Kangqiao Service Group's Inventory Turnover for the six months ended in Dec. 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.

Kangqiao Service Group's Inventory to Revenue for the six months ended in Dec. 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.


Kangqiao Service Group Days Inventory Related Terms

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


Kangqiao Service Group (HKSE:02205) Business Description

Traded in Other Exchanges
N/A
Address
Daxue Road, 24F, Huacheng International Center, Erqi District, Henan Province, Zhengzhou, CHN
Kangqiao Service Group Ltd is a reputable comprehensive property managements service provider. The group is principally engaged in provision of property management services, related value-added services and city services in the PRC. The company has derived all of its revenue from the PRC. The group derives majority of its revenue from Property management services.
Executives
Dong Yanxia
Hung Fai Property Limited
Trident Trust Company (south Dakota) Inc.
Song Gewei
Kang Qiao Yue Sheng Huo Kong Gu You Xian Gong Si

Kangqiao Service Group (HKSE:02205) Headlines

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