Binjiang Service Group Co (HKSE:03316) Days Inventory : 28.28 (As of Dec. 2023)

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What is Binjiang Service Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Binjiang Service Group Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$210 Mil. Binjiang Service Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,358 Mil. Hence, Binjiang Service Group Co's Days Inventory for the six months ended in Dec. 2023 was 28.28.

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

HKSE:03316' s Days Inventory Range Over the Past 10 Years
Min: 0.4 Med: 12.24 Max: 34.14
Current: 30.81

During the past 9 years, Binjiang Service Group Co's highest Days Inventory was 34.14. The lowest was 0.40. And the median was 12.24.

HKSE:03316's Days Inventory is ranked better than
86.98% of 1329 companies
in the Real Estate industry
Industry Median: 699.45 vs HKSE:03316: 30.81

Binjiang Service Group Co's Days Inventory increased from Dec. 2022 (25.56) to Dec. 2023 (28.28). It might indicate that Binjiang Service Group Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Binjiang Service Group Co's Inventory Turnover for the six months ended in Dec. 2023 was 6.45.

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. Binjiang Service Group Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.12.

Binjiang Service Group Co Days Inventory Historical Data

The historical data trend for Binjiang 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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Binjiang Service Group Co Days Inventory Chart

Binjiang Service Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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12.24

22.95

24.88

30.73

34.14

Binjiang Service Group Co Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial										26.09	25.83	25.56	30.40	28.28

Competitive Comparison of Binjiang Service Group Co's Days Inventory

For the Real Estate Services subindustry, Binjiang 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.

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

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

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

Binjiang Service Group Co Days Inventory Calculation

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

Binjiang 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
=	( (164.714	+	267.705)	/	2 )	/	2311.503	*	365
=	216.2095					/	2311.503	*	365
=	34.14

Binjiang 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
=	( (153.018	+	267.705)	/	2 )	/	1357.68	*	365 / 2
=	210.3615					/	1357.68	*	365 / 2
=	28.28

Binjiang Service Group Co (HKSE:03316) 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.

Binjiang 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
	=	1357.68	/	210.3615
	=	6.45

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.

Binjiang 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
	=	210.3615	/	1770.97
	=	0.12

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.

Binjiang Service Group Co Days Inventory Related Terms

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

Binjiang Service Group Co (HKSE:03316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Binjiang Service Group Co Ltd (HKSE:03316) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 189 Fengqi East Road, Xincheng Times Square, 12th Floor, Room 1201-1, Block 1, Building 1, Jianggan District, Hangzhou, CHN

Website

https://www.hzbjwy.com

Binjiang Service Group Co Ltd is a property management service provider in China. The Company's business segments are classified into property management services, value-added services to non-property owners and 5S value-added services. Geographically, the company has majority of its operations in China.

Executives

Qi Jiaqi
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Cantrust (far East) Limited	2301 Trustee
Great Dragon Ventures Limited
Qi Jinxing
Infiniti Trust (asia) Limited	2301 Trustee
Great Splendor Holding Limited	2201 Interest of corporation controlled by you
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Mo Jianhua
Splendid Force Holding Limited	2201 Interest of corporation controlled by you
Zhu Huiming

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