Grand Ocean Advanced Resources Co (HKSE:00065) Days Inventory : 28.21 (As of Dec. 2023)

View and export this data going back to 2001. Start your Free Trial

What is Grand Ocean Advanced Resources Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Grand Ocean Advanced Resources Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$11.2 Mil. Grand Ocean Advanced Resources Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$72.4 Mil. Hence, Grand Ocean Advanced Resources Co's Days Inventory for the six months ended in Dec. 2023 was 28.21.

The historical rank and industry rank for Grand Ocean Advanced Resources Co's Days Inventory or its related term are showing as below:

HKSE:00065' s Days Inventory Range Over the Past 10 Years
Min: 20.64 Med: 35.62 Max: 61.51
Current: 35.67

During the past 13 years, Grand Ocean Advanced Resources Co's highest Days Inventory was 61.51. The lowest was 20.64. And the median was 35.62.

HKSE:00065's Days Inventory is ranked worse than
58.26% of 115 companies
in the Other Energy Sources industry
Industry Median: 32.53 vs HKSE:00065: 35.67

Grand Ocean Advanced Resources Co's Days Inventory declined from Dec. 2022 (35.43) to Dec. 2023 (28.21).

Inventory Turnover measures how fast the company turns over its inventory within a year. Grand Ocean Advanced Resources Co's Inventory Turnover for the six months ended in Dec. 2023 was 6.47.

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. Grand Ocean Advanced Resources Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.11.

Grand Ocean Advanced Resources Co Days Inventory Historical Data

The historical data trend for Grand Ocean Advanced Resources 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.

Grand Ocean Advanced Resources Co Days Inventory Chart

Grand Ocean Advanced Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

20.64

23.25

21.71

34.53

26.96

Grand Ocean Advanced Resources Co Semi-Annual Data
	Jun14	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															21.09	25.35	35.43	57.02	28.21

Competitive Comparison of Grand Ocean Advanced Resources Co's Days Inventory

For the Thermal Coal subindustry, Grand Ocean Advanced Resources 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.

Grand Ocean Advanced Resources Co's Days Inventory Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Grand Ocean Advanced Resources Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Grand Ocean Advanced Resources Co's Days Inventory falls into.

Grand Ocean Advanced Resources Co Days Inventory Calculation

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

Grand Ocean Advanced Resources 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
=	( (13.597	+	4.535)	/	2 )	/	122.749	*	365
=	9.066					/	122.749	*	365
=	26.96

Grand Ocean Advanced Resources 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
=	( (17.852	+	4.535)	/	2 )	/	72.422	*	365 / 2
=	11.1935					/	72.422	*	365 / 2
=	28.21

Grand Ocean Advanced Resources Co (HKSE:00065) 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.

Grand Ocean Advanced Resources Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	72.422	/	11.1935
	=	6.47

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.

Grand Ocean Advanced Resources Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	11.1935	/	106.217
	=	0.11

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.

Grand Ocean Advanced Resources Co Days Inventory Related Terms

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

Grand Ocean Advanced Resources Co (HKSE:00065) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Grand Ocean Advanced Resources Co Ltd (HKSE:00065) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

255-257 Gloucester Road, Suite 1602, Sino Plaza, Hong Kong, HKG

Website

https://www.grandocean65.com

Grand Ocean Advanced Resources Co Ltd is an investment holding company that is engaged in the coal mining business. The Group has one reportable operating segment which is the Coal Mining Business. Majority of its revenue is generated from PRC except Hong Kong.

Grand Ocean Advanced Resources Co (HKSE:00065) Headlines

No Headlines