China Shun Ke Long Holdings (HKSE:00974) Days Inventory : 49.90 (As of Dec. 2023)

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What is China Shun Ke Long Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Shun Ke Long Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$89.5 Mil. China Shun Ke Long Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$327.1 Mil. Hence, China Shun Ke Long Holdings's Days Inventory for the six months ended in Dec. 2023 was 49.90.

The historical rank and industry rank for China Shun Ke Long Holdings's Days Inventory or its related term are showing as below:

HKSE:00974' s Days Inventory Range Over the Past 10 Years
Min: 46.78 Med: 56.62 Max: 78.24
Current: 58.65

During the past 10 years, China Shun Ke Long Holdings's highest Days Inventory was 78.24. The lowest was 46.78. And the median was 56.62.

HKSE:00974's Days Inventory is ranked worse than
72.52% of 302 companies
in the Retail - Defensive industry
Industry Median: 35.995 vs HKSE:00974: 58.65

China Shun Ke Long Holdings's Days Inventory declined from Dec. 2022 (70.34) to Dec. 2023 (49.90).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Shun Ke Long Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 3.66.

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 Shun Ke Long Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.24.

China Shun Ke Long Holdings Days Inventory Historical Data

The historical data trend for China Shun Ke Long Holdings'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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China Shun Ke Long Holdings Days Inventory Chart

China Shun Ke Long Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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57.43

63.81

71.16

78.24

60.79

China Shun Ke Long Holdings 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															70.65	71.61	70.34	65.85	49.90

Competitive Comparison of China Shun Ke Long Holdings's Days Inventory

For the Grocery Stores subindustry, China Shun Ke Long Holdings'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 Shun Ke Long Holdings's Days Inventory Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, China Shun Ke Long Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Shun Ke Long Holdings's Days Inventory falls into.

China Shun Ke Long Holdings Days Inventory Calculation

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

China Shun Ke Long Holdings'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
=	( (124.89	+	85.054)	/	2 )	/	630.241	*	365
=	104.972					/	630.241	*	365
=	60.79

China Shun Ke Long Holdings'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
=	( (93.847	+	85.054)	/	2 )	/	327.141	*	365 / 2
=	89.4505					/	327.141	*	365 / 2
=	49.90

China Shun Ke Long Holdings (HKSE:00974) 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 Shun Ke Long Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	327.141	/	89.4505
	=	3.66

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 Shun Ke Long Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	89.4505	/	376.514
	=	0.24

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 Shun Ke Long Holdings Days Inventory Related Terms

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

China Shun Ke Long Holdings (HKSE:00974) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » China Shun Ke Long Holdings Ltd (HKSE:00974) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 60 Hebin North Road, Huale Building, Floor 3, Lecong Town, Shunde District, Guangdong Province, Foshan, CHN, 528315

Website

http://www.skl.com.cn

China Shun Ke Long Holdings Limited is a Hong Kong-based investment holding company principally engaged in the operation of retail outlets. The Company operates through two segments. Retail Outlet Operation segment is engaged in the operation of Shun Ke Long supermarkets and hypermarkets in Guangzhou, Foshan, Zhaoqing, and Zhuhai, among others. This segment also leases out part of its retail outlets to generate rental income. It also sells consumer goods through online shops. The wholesale Distribution segment is engaged in the wholesale distribution of goods. The Company mainly operates businesses in China and Macau.

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