Golden Eagle Retail Group (Golden Eagle Retail Group) Days Inventory : 415.04 (As of Jun. 2023)

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What is Golden Eagle Retail Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Golden Eagle Retail Group's Average Total Inventories for the six months ended in Jun. 2023 was $370.0 Mil. Golden Eagle Retail Group's Cost of Goods Sold for the six months ended in Jun. 2023 was $162.7 Mil. Hence, Golden Eagle Retail Group's Days Inventory for the six months ended in Jun. 2023 was 415.04.

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

GDNEY' s Days Inventory Range Over the Past 10 Years
Min: 116.02 Med: 387.98 Max: 583.46
Current: 443.82

During the past 13 years, Golden Eagle Retail Group's highest Days Inventory was 583.46. The lowest was 116.02. And the median was 387.98.

GDNEY's Days Inventory is not ranked
in the Retail - Cyclical industry.
Industry Median: 110.87 vs GDNEY: 443.82

Golden Eagle Retail Group's Days Inventory declined from Jun. 2022 (420.73) to Jun. 2023 (415.04).

Inventory Turnover measures how fast the company turns over its inventory within a year. Golden Eagle Retail Group's Inventory Turnover for the six months ended in Jun. 2023 was 0.44.

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. Golden Eagle Retail Group's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.95.

Golden Eagle Retail Group Days Inventory Historical Data

The historical data trend for Golden Eagle Retail 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.

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Golden Eagle Retail Group Days Inventory Chart

Golden Eagle Retail Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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400.40

375.36

360.52

414.96

459.36

Golden Eagle Retail Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial															377.72	464.21	420.73	476.88	415.04

Competitive Comparison of Golden Eagle Retail Group's Days Inventory

For the Department Stores subindustry, Golden Eagle Retail 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.

Golden Eagle Retail Group's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Golden Eagle Retail Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Golden Eagle Retail Group's Days Inventory falls into.

Golden Eagle Retail Group Days Inventory Calculation

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

Golden Eagle Retail Group's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (401.401	+	378.994)	/	2 )	/	310.042	*	365
=	390.1975					/	310.042	*	365
=	459.36

Golden Eagle Retail Group's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (378.994	+	361.063)	/	2 )	/	162.706	*	365 / 2
=	370.0285					/	162.706	*	365 / 2
=	415.04

Golden Eagle Retail Group (OTCPK:GDNEY) 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.

Golden Eagle Retail Group's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	162.706	/	370.0285
	=	0.44

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.

Golden Eagle Retail Group's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	370.0285	/	389.153
	=	0.95

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.

Golden Eagle Retail Group Days Inventory Related Terms

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

Golden Eagle Retail Group (Golden Eagle Retail Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Golden Eagle Retail Group Ltd (OTCPK:GDNEY) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 888 Yingtian Street, 17th Floor, Block A, Golden Eagle World, Jianye District, Nanjing, CHN

Website

http://www.geretail.com

Golden Eagle Retail Group Ltd is principally engaged in the development and operation of department stores in China. Targeting the mid-to-high end market, the company's stores are primarily located in four provinces and one municipality, including Jiangsu, Anhui, Shaanxi, Yunnan, and Shanghai. In addition to the core function as a department store chain, the company's stores also provide other functions and amenities, such as dining, entertainment, beauty, and personal care, cinemas, and preschool education. Specifically, for the company's stores, the majority of the total gross floor area is located in self-owned properties.

Golden Eagle Retail Group (Golden Eagle Retail Group) Headlines

From GuruFocus

Matthews China Comments on Golden Eagle

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