China Overseas Grand Oceans Group (HKSE:00081) Days Inventory : 750.57 (As of Dec. 2023)

View and export this data going back to 1984. Start your Free Trial

What is China Overseas Grand Oceans Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Overseas Grand Oceans Group's Average Total Inventories for the six months ended in Dec. 2023 was HK$123,074 Mil. China Overseas Grand Oceans Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$29,925 Mil. Hence, China Overseas Grand Oceans Group's Days Inventory for the six months ended in Dec. 2023 was 750.57.

The historical rank and industry rank for China Overseas Grand Oceans Group's Days Inventory or its related term are showing as below:

HKSE:00081' s Days Inventory Range Over the Past 10 Years
Min: 873.59 Med: 1068.72 Max: 1406.75
Current: 873.59

During the past 13 years, China Overseas Grand Oceans Group's highest Days Inventory was 1406.75. The lowest was 873.59. And the median was 1068.72.

HKSE:00081's Days Inventory is ranked worse than
57.1% of 1324 companies
in the Real Estate industry
Industry Median: 693.655 vs HKSE:00081: 873.59

China Overseas Grand Oceans Group's Days Inventory declined from Dec. 2022 (1,006.08) to Dec. 2023 (750.57).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Overseas Grand Oceans Group's Inventory Turnover for the six months ended in Dec. 2023 was 0.24.

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. China Overseas Grand Oceans Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 3.85.

China Overseas Grand Oceans Group Days Inventory Historical Data

The historical data trend for China Overseas Grand Oceans 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.

China Overseas Grand Oceans Group Days Inventory Chart

China Overseas Grand Oceans Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

1,406.75

1,102.21

1,060.19

1,043.62

880.81

China Overseas Grand Oceans Group 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															1,072.98	1,044.30	1,006.08	1,013.68	750.57

Competitive Comparison of China Overseas Grand Oceans Group's Days Inventory

For the Real Estate - Development subindustry, China Overseas Grand Oceans 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.

China Overseas Grand Oceans Group's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Overseas Grand Oceans Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Overseas Grand Oceans Group's Days Inventory falls into.

China Overseas Grand Oceans Group Days Inventory Calculation

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

China Overseas Grand Oceans 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
=	( (147289.668	+	117168.114)	/	2 )	/	54794.703	*	365
=	132228.891					/	54794.703	*	365
=	880.81

China Overseas Grand Oceans Group'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
=	( (128980.504	+	117168.114)	/	2 )	/	29925.3	*	365 / 2
=	123074.309					/	29925.3	*	365 / 2
=	750.57

China Overseas Grand Oceans Group (HKSE:00081) 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.

China Overseas Grand Oceans Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	29925.3	/	123074.309
	=	0.24

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.

China Overseas Grand Oceans Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	123074.309	/	31977.732
	=	3.85

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.

China Overseas Grand Oceans Group Days Inventory Related Terms

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

China Overseas Grand Oceans Group (HKSE:00081) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Overseas Grand Oceans Group Ltd (HKSE:00081) » Definitions » Days Inventory

Traded in Other Exchanges

SWL:Germany

Address

1 Queen’s Road East, Suites 701 - 702, 7th Floor, Three Pacific Place, Kowloon, Hong Kong, HKG

Website

https://www.cogogl.com.hk

China Overseas Grand Oceans Group Ltd is engaged in general real estate activities. Its main line of business reflects the development of property comprised of residential property projects. The company carries out its business through three segments; Property investment and development, Property Leasing, and Others. The property investment and development segment is the major revenue driver for the company and is engaged in the construction of residential and commercial properties in the People's Republic of China. The Others segment mainly engages in hotel operations and generates service fee income in relation to hotel operation and other ancillary services.

China Overseas Grand Oceans Group (HKSE:00081) Headlines

No Headlines