Country Garden Services Holdings Co (HKSE:06098) Days Inventory : 4.17 (As of Dec. 2023)

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What is Country Garden Services Holdings Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Country Garden Services Holdings Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$458 Mil. Country Garden Services Holdings Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$20,021 Mil. Hence, Country Garden Services Holdings Co's Days Inventory for the six months ended in Dec. 2023 was 4.17.

The historical rank and industry rank for Country Garden Services Holdings Co's Days Inventory or its related term are showing as below:

HKSE:06098' s Days Inventory Range Over the Past 10 Years
Min: 0.63 Med: 1.78 Max: 4.27
Current: 4

During the past 9 years, Country Garden Services Holdings Co's highest Days Inventory was 4.27. The lowest was 0.63. And the median was 1.78.

HKSE:06098's Days Inventory is ranked better than
93.67% of 1326 companies
in the Real Estate industry
Industry Median: 699.495 vs HKSE:06098: 4.00

Country Garden Services Holdings Co's Days Inventory increased from Dec. 2022 (2.59) to Dec. 2023 (4.17). It might indicate that Country Garden Services Holdings Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Country Garden Services Holdings Co's Inventory Turnover for the six months ended in Dec. 2023 was 43.74.

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. Country Garden Services Holdings Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.02.

Country Garden Services Holdings Co Days Inventory Historical Data

The historical data trend for Country Garden Services Holdings 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.

* Premium members only.

Country Garden Services Holdings Co Days Inventory Chart

Country Garden Services Holdings Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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0.63

2.66

3.13

2.94

4.27

Country Garden Services Holdings Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial											2.70	2.53	2.59	3.50	4.17

Competitive Comparison of Country Garden Services Holdings Co's Days Inventory

For the Real Estate Services subindustry, Country Garden Services Holdings 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.

Country Garden Services Holdings Co's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Country Garden Services Holdings Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Country Garden Services Holdings Co's Days Inventory falls into.

Country Garden Services Holdings Co Days Inventory Calculation

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

Country Garden Services Holdings 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
=	( (302.359	+	564.68)	/	2 )	/	37056.752	*	365
=	433.5195					/	37056.752	*	365
=	4.27

Country Garden Services Holdings 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
=	( (350.68	+	564.68)	/	2 )	/	20020.645	*	365 / 2
=	457.68					/	20020.645	*	365 / 2
=	4.17

Country Garden Services Holdings Co (HKSE:06098) 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.

Country Garden Services Holdings Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	20020.645	/	457.68
	=	43.74

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.

Country Garden Services Holdings Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	457.68	/	23930.108
	=	0.02

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.

Country Garden Services Holdings Co Days Inventory Related Terms

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

Country Garden Services Holdings Co (HKSE:06098) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Country Garden Services Holdings Co Ltd (HKSE:06098) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CGSHY:USA CTRGF:USA 75H:Germany

Address

West Building of Country Garden Office, Beijiao Town, Shunde District, Guangdong Province, Foshan, CHN, 528312

Website

http://www.bgyfw.com

Country Garden Services was listed on the Hong Kong Stock Exchange in June 2018 as a spinoff via introduction by sister developer Country Garden Holdings. As of June 2022, Yang Huiyan, chairperson of CGH, was also the largest shareholder of CGS with 43% ownership. CGS was the top residential property management firm in China in revenue and gross floor area under management for 2022. This is mainly ascribed to scalable projects contributed by CGH and rising acquisitions of third-party property management peers. In addition, CGS provides value-added services to developers and homeowners, and city services on public space sanitation and greening.

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