Greentown Service Group Co (HKSE:02869) Days Inventory : 15.01 (As of Dec. 2023)

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What is Greentown Service Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Greentown Service Group Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$703 Mil. Greentown Service Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$8,545 Mil. Hence, Greentown Service Group Co's Days Inventory for the six months ended in Dec. 2023 was 15.01.

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

HKSE:02869' s Days Inventory Range Over the Past 10 Years
Min: 0.3 Med: 13.88 Max: 16.47
Current: 15.69

During the past 11 years, Greentown Service Group Co's highest Days Inventory was 16.47. The lowest was 0.30. And the median was 13.88.

HKSE:02869's Days Inventory is ranked better than
89.4% of 1330 companies
in the Real Estate industry
Industry Median: 699.495 vs HKSE:02869: 15.69

Greentown Service Group Co's Days Inventory increased from Dec. 2022 (14.61) to Dec. 2023 (15.01). It might indicate that Greentown Service Group Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Greentown Service Group Co's Inventory Turnover for the six months ended in Dec. 2023 was 12.16.

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. Greentown Service Group Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.07.

Greentown Service Group Co Days Inventory Historical Data

The historical data trend for Greentown Service Group Co'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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Greentown Service Group Co Days Inventory Chart

Greentown Service Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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16.47

14.77

13.70

15.33

15.83

Greentown Service Group Co 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															11.80	16.02	14.61	16.33	15.01

Competitive Comparison of Greentown Service Group Co's Days Inventory

For the Real Estate Services subindustry, Greentown Service Group Co'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.

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

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

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

Greentown Service Group Co Days Inventory Calculation

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

Greentown Service Group Co'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
=	( (636.77	+	736.976)	/	2 )	/	15837.794	*	365
=	686.873					/	15837.794	*	365
=	15.83

Greentown Service Group Co'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
=	( (668.368	+	736.976)	/	2 )	/	8545.214	*	365 / 2
=	702.672					/	8545.214	*	365 / 2
=	15.01

Greentown Service Group Co (HKSE:02869) 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.

Greentown Service Group Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8545.214	/	702.672
	=	12.16

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.

Greentown Service Group Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	702.672	/	10058.65
	=	0.07

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.

Greentown Service Group Co Days Inventory Related Terms

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

Greentown Service Group Co (HKSE:02869) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Greentown Service Group Co Ltd (HKSE:02869) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

No.767 West Wenyi Road, Block B, Xixi International Business Center, Zhejiang Province, Hangzhou, CHN

Website

https://www.lvchengfuwu.com

Greentown Service Group, or GSG, is the sister company of property developer Greentown China. GSG is one of the first China property management firms listed in Hong Kong since July 2016. Headquartered in Hangzhou, GSG is a leading service provider in the Yangtze River Delta focusing on high-end residential properties, with core property management contributing to more than 60% of GSG's revenue. Other key earnings contributors include community value added services and project consultancy services to developers. The founding shareholders, who also control Greentown China, collectively own over a 40% stake in GSG in 2022. China property developer Longfor Group holds around 9% equity interest in GSG.

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