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Greenland Holdings Group (SHSE:600606) Days Inventory : 1,111.53 (As of Mar. 2024)


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What is Greenland Holdings Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Greenland Holdings Group's Average Total Inventories for the three months ended in Mar. 2024 was ¥563,357 Mil. Greenland Holdings Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥46,248 Mil. Hence, Greenland Holdings Group's Days Inventory for the three months ended in Mar. 2024 was 1,111.53.

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

SHSE:600606' s Days Inventory Range Over the Past 10 Years
Min: 271.06   Med: 684.42   Max: 766.81
Current: 719.67

During the past 13 years, Greenland Holdings Group's highest Days Inventory was 766.81. The lowest was 271.06. And the median was 684.42.

SHSE:600606's Days Inventory is ranked worse than
51.25% of 1325 companies
in the Real Estate industry
Industry Median: 697.68 vs SHSE:600606: 719.67

Greenland Holdings Group's Days Inventory increased from Mar. 2023 (864.05) to Mar. 2024 (1,111.53). It might indicate that Greenland Holdings Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Greenland Holdings Group's Inventory Turnover for the three months ended in Mar. 2024 was 0.08.

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. Greenland Holdings Group's Inventory-to-Revenue for the three months ended in Mar. 2024 was 10.92.


Greenland Holdings Group Days Inventory Historical Data

The historical data trend for Greenland Holdings 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.

Greenland Holdings Group Days Inventory Chart

Greenland Holdings Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 630.98 644.94 568.17 681.91 712.81

Greenland Holdings Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 864.05 670.15 722.97 545.68 1,111.53

Competitive Comparison of Greenland Holdings Group's Days Inventory

For the Real Estate Services subindustry, Greenland Holdings 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.


Greenland Holdings Group's Days Inventory Distribution in the Real Estate Industry

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

* The bar in red indicates where Greenland Holdings Group's Days Inventory falls into.



Greenland Holdings Group Days Inventory Calculation

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

Greenland Holdings 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
=( (683274.274 + 567898.225) / 2 ) / 320334.569*365
=625586.2495 / 320334.569*365
=712.81

Greenland Holdings Group's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (567898.225 + 558815.634) / 2 ) / 46248.38*365 / 4
=563356.9295 / 46248.38*365 / 4
=1,111.53

* 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.


Greenland Holdings Group  (SHSE:600606) 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.

Greenland Holdings Group's Inventory Turnover for the three months ended in Mar. 2024 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.

Greenland Holdings Group's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=563356.9295 / 51611.566
=10.92

* 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.


Greenland Holdings Group Days Inventory Related Terms

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


Greenland Holdings Group (SHSE:600606) Business Description

Traded in Other Exchanges
N/A
Address
700, Dapu Road, Shanghai, CHN, 200023
Greenland Holdings Group Corporation Ltd is a China-based company.The company is principally engaged in the business of development, distribution, and leasing of property. Geographically, it operates in China, USA, Canada, UK, Australia and other countries. In addition, the company is also engaged in the finance business, commercial and hotel operation, metro investment industry, energy industry, and construction industry.

Greenland Holdings Group (SHSE:600606) Headlines

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