Chinaftower International Holding Group (HKSE:08623) Days Inventory : 6.07 (As of Dec. 2023)

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What is Chinaftower International Holding Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Chinaftower International Holding Group's Average Total Inventories for the three months ended in Dec. 2023 was HK$5.7 Mil. Chinaftower International Holding Group's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$86.3 Mil. Hence, Chinaftower International Holding Group's Days Inventory for the three months ended in Dec. 2023 was 6.07.

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

HKSE:08623' s Days Inventory Range Over the Past 10 Years
Min: 8.51 Med: 12.41 Max: 22.36
Current: 16.81

During the past 7 years, Chinaftower International Holding Group's highest Days Inventory was 22.36. The lowest was 8.51. And the median was 12.41.

HKSE:08623's Days Inventory is ranked better than
97.42% of 2911 companies
in the Industrial Products industry
Industry Median: 120.21 vs HKSE:08623: 16.81

Chinaftower International Holding Group's Days Inventory increased from Dec. 2022 (5.73) to Dec. 2023 (6.07). It might indicate that Chinaftower International Holding Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Chinaftower International Holding Group's Inventory Turnover for the three months ended in Dec. 2023 was 15.04.

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. Chinaftower International Holding Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.07.

Chinaftower International Holding Group Days Inventory Historical Data

The historical data trend for Chinaftower International Holding 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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Chinaftower International Holding Group Days Inventory Chart

Chinaftower International Holding Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

8.51

13.73

12.41

9.58

17.81

Chinaftower International Holding Group Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															5.73	21.70	16.76	27.71	6.07

Competitive Comparison of Chinaftower International Holding Group's Days Inventory

For the Electrical Equipment & Parts subindustry, Chinaftower International Holding 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.

Chinaftower International Holding Group's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chinaftower International Holding Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Chinaftower International Holding Group's Days Inventory falls into.

Chinaftower International Holding Group Days Inventory Calculation

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

Chinaftower International Holding 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
=	( (20.345	+	5.739)	/	2 )	/	267.229	*	365
=	13.042					/	267.229	*	365
=	17.81

Chinaftower International Holding 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	5.739)	/	1 )	/	86.322	*	365 / 4
=	5.739					/	86.322	*	365 / 4
=	6.07

Chinaftower International Holding Group (HKSE:08623) 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.

Chinaftower International Holding Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	86.322	/	5.739
	=	15.04

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.

Chinaftower International Holding Group's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.739	/	85.855
	=	0.07

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.

Chinaftower International Holding Group Days Inventory Related Terms

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

Chinaftower International Holding Group (HKSE:08623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Saftower International Holding Group Ltd (HKSE:08623) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 9, Huaide Road, Sichuan-Zhejiang Cooperation Industrial Park, Guangyuan Economic and Technological Development Z, Sichuan Province, Guangyuan, CHN

Website

http://www.saftower.com

China Saftower International Holding Group Ltd is a manufacturer and supplier of wires and cables and the sale of aluminum products in the People's Republic of China. The company's products include power cables, insulated overhead cables, aerial stranded wire, control cables, and aluminum alloy power cables. The Group's revenue was all derived from customers based in the PRC.

Executives

Dang Fei	2201 Interest of corporation controlled by you
Dang Jun	2103 Interests held jointly with another person
Li Li	2202 Interest of your spouse
Red Fly Investment Limited	2101 Beneficial owner
Fu Chuanrong	2101 Beneficial owner
Gao Hong	2202 Interest of your spouse
Wang Xiaozhong	2201 Interest of corporation controlled by you
Xseven Investment Limited	2101 Beneficial owner

Chinaftower International Holding Group (HKSE:08623) Headlines

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