Sunac China Holdings (HKSE:01918) Days Inventory : 1,912.14 (As of Jun. 2023)

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What is Sunac China Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sunac China Holdings's Average Total Inventories for the six months ended in Jun. 2023 was HK$705,386 Mil. Sunac China Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$67,324 Mil. Hence, Sunac China Holdings's Days Inventory for the six months ended in Jun. 2023 was 1,912.14.

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

HKSE:01918' s Days Inventory Range Over the Past 10 Years
Min: 796.82 Med: 1112.35 Max: 2596.7
Current: 1449.26

During the past 13 years, Sunac China Holdings's highest Days Inventory was 2596.70. The lowest was 796.82. And the median was 1112.35.

HKSE:01918's Days Inventory is ranked worse than
72.27% of 1327 companies
in the Real Estate industry
Industry Median: 697.68 vs HKSE:01918: 1449.26

Sunac China Holdings's Days Inventory declined from Jun. 2022 (2,301.11) to Jun. 2023 (1,912.14).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sunac China Holdings's Inventory Turnover for the six months ended in Jun. 2023 was 0.10.

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. Sunac China Holdings's Inventory-to-Revenue for the six months ended in Jun. 2023 was 11.03.

Sunac China Holdings Days Inventory Historical Data

The historical data trend for Sunac China 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.

* Premium members only.

Sunac China Holdings Days Inventory Chart

Sunac China Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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1,182.51

1,024.11

1,123.10

2,596.70

1,435.28

Sunac China 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															957.55	2,301.11	2,848.51	1,912.14	1,161.43

Competitive Comparison of Sunac China Holdings's Days Inventory

For the Real Estate - Development subindustry, Sunac China 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.

Sunac China Holdings's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sunac China Holdings's Days Inventory distribution charts can be found below:

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

Sunac China Holdings Days Inventory Calculation

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

Sunac China Holdings'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
=	( (833362.127	+	716960.65)	/	2 )	/	108958.904	*	365
=	775161.3885					/	108958.904	*	365
=	2,596.70

Sunac China Holdings'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
=	( (716960.65	+	693810.562)	/	2 )	/	67323.85	*	365 / 2
=	705385.606					/	67323.85	*	365 / 2
=	1,912.14

Sunac China Holdings (HKSE:01918) 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.

Sunac China Holdings's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	67323.85	/	705385.606
	=	0.10

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.

Sunac China Holdings's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	705385.606	/	63956.356
	=	11.03

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.

Sunac China Holdings Days Inventory Related Terms

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

Sunac China Holdings (HKSE:01918) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sunac China Holdings Ltd (HKSE:01918) » Definitions » Days Inventory

Traded in Other Exchanges

SCNR:Germany

Address

No.278, Hongqi Road, Building 1, East Side in Hopsca Center International, Nankai District, Tianjin, CHN, 300381

Website

https://www.sunac.com.cn

Property developer Sunac China commenced operations in 2003 and listed on the Hong Kong exchange in 2010. Based in Tianjin, Sunac is geographically well diversified across China like many large-scale listed PRC developers, and into major cities including Shanghai, Beijing, Guangzhou, Shenzhen and Hainan. Sunac is founded by Sun Hongbin, major shareholder and chairman of the company that previously established Sunco Group and adopted a high leverage strategy, which Sunac also then embraced. On top of aggressive asset expansion in recent years, the significant acquisition of a stake in non-related business Leshi Internet, as well as the landmark portfolio acquisition of Dalian Wanda theme park assets on the back of a highly leveraged balance sheet, have also garnered much market attention.

Sunac China Holdings (HKSE:01918) Headlines

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