CNT Group (HKSE:00701) Days Inventory : 35.26 (As of Dec. 2023)

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What is CNT Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CNT Group's Average Total Inventories for the six months ended in Dec. 2023 was HK$28.2 Mil. CNT Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$146.0 Mil. Hence, CNT Group's Days Inventory for the six months ended in Dec. 2023 was 35.26.

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

HKSE:00701' s Days Inventory Range Over the Past 10 Years
Min: 28.23 Med: 41.46 Max: 50.95
Current: 37.72

During the past 13 years, CNT Group's highest Days Inventory was 50.95. The lowest was 28.23. And the median was 41.46.

HKSE:00701's Days Inventory is ranked better than
85.8% of 1493 companies
in the Chemicals industry
Industry Median: 82.59 vs HKSE:00701: 37.72

CNT Group's Days Inventory declined from Dec. 2022 (38.74) to Dec. 2023 (35.26).

Inventory Turnover measures how fast the company turns over its inventory within a year. CNT Group's Inventory Turnover for the six months ended in Dec. 2023 was 5.18.

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. CNT Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.12.

CNT Group Days Inventory Historical Data

The historical data trend for CNT 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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CNT Group Days Inventory Chart

CNT Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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46.50

50.95

42.86

44.85

40.06

CNT 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															45.84	53.75	38.74	37.63	35.26

Competitive Comparison of CNT Group's Days Inventory

For the Specialty Chemicals subindustry, CNT 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.

CNT Group's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, CNT Group's Days Inventory distribution charts can be found below:

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

CNT Group Days Inventory Calculation

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

CNT 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
=	( (43.124	+	27.353)	/	2 )	/	321.07	*	365
=	35.2385					/	321.07	*	365
=	40.06

CNT 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
=	( (29.065	+	27.353)	/	2 )	/	146.004	*	365 / 2
=	28.209					/	146.004	*	365 / 2
=	35.26

CNT Group (HKSE:00701) 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.

CNT Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	146.004	/	28.209
	=	5.18

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.

CNT Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	28.209	/	239.366
	=	0.12

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.

CNT Group Days Inventory Related Terms

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

CNT Group (HKSE:00701) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » CNT Group Ltd (HKSE:00701) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

338 Hennessy Road, 28th Floor, Unit E, CNT Tower, Wanchai, Hong Kong, HKG

Website

https://www.cntgroup.com.hk

CNT Group Ltd is principally engaged in the manufacture and sale of paint products, property investment, iron and steel trading, and investment holding activities. The company operates through the business segments are, The Paint products segment engages in the manufacture and sale of paint products. The Property investment segment comprises the investment in residential, commercial and industrial premises for their rental income potential and development and sale of properties. The Iron and steel trading segment comprises the trading of iron and steel products and related investments. The Hotel business segment, and the other segment comprises, principally, investment holding and securities trading. Majority of the company's revenue comes from the Paint products segment in Mainland China.

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