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Hangzhou Binjiang Real Estate Group Co (SZSE:002244) Days Inventory : 1,290.23 (As of Mar. 2024)


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What is Hangzhou Binjiang Real Estate Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hangzhou Binjiang Real Estate Group Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥170,324 Mil. Hangzhou Binjiang Real Estate Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥12,046 Mil. Hence, Hangzhou Binjiang Real Estate Group Co's Days Inventory for the three months ended in Mar. 2024 was 1,290.23.

The historical rank and industry rank for Hangzhou Binjiang Real Estate Group Co's Days Inventory or its related term are showing as below:

SZSE:002244' s Days Inventory Range Over the Past 10 Years
Min: 711.15   Med: 1310.7   Max: 1756.11
Current: 1063.73

During the past 13 years, Hangzhou Binjiang Real Estate Group Co's highest Days Inventory was 1756.11. The lowest was 711.15. And the median was 1310.70.

SZSE:002244's Days Inventory is ranked worse than
62.52% of 1318 companies
in the Real Estate industry
Industry Median: 696.13 vs SZSE:002244: 1063.73

Hangzhou Binjiang Real Estate Group Co's Days Inventory declined from Mar. 2023 (2,148.07) to Mar. 2024 (1,290.23).

Inventory Turnover measures how fast the company turns over its inventory within a year. Hangzhou Binjiang Real Estate Group Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.07.

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. Hangzhou Binjiang Real Estate Group Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 12.43.


Hangzhou Binjiang Real Estate Group Co Days Inventory Historical Data

The historical data trend for Hangzhou Binjiang Real Estate Group Co'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.

Hangzhou Binjiang Real Estate Group Co Days Inventory Chart

Hangzhou Binjiang Real Estate Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,555.13 1,756.11 1,653.65 1,741.44 1,111.43

Hangzhou Binjiang Real Estate Group Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,148.07 1,245.58 1,001.86 856.84 1,290.23

Competitive Comparison of Hangzhou Binjiang Real Estate Group Co's Days Inventory

For the Real Estate - Development subindustry, Hangzhou Binjiang Real Estate Group Co'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.


Hangzhou Binjiang Real Estate Group Co's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hangzhou Binjiang Real Estate Group Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Hangzhou Binjiang Real Estate Group Co's Days Inventory falls into.



Hangzhou Binjiang Real Estate Group Co Days Inventory Calculation

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

Hangzhou Binjiang Real Estate Group Co'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
=( (184409.225 + 172697.519) / 2 ) / 58637.815*365
=178553.372 / 58637.815*365
=1,111.43

Hangzhou Binjiang Real Estate Group Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (172697.519 + 167950.546) / 2 ) / 12046.002*365 / 4
=170324.0325 / 12046.002*365 / 4
=1,290.23

* 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.


Hangzhou Binjiang Real Estate Group Co  (SZSE:002244) 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.

Hangzhou Binjiang Real Estate Group Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

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.

Hangzhou Binjiang Real Estate Group Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=170324.0325 / 13701.341
=12.43

* 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.


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.


Hangzhou Binjiang Real Estate Group Co Days Inventory Related Terms

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


Hangzhou Binjiang Real Estate Group Co (SZSE:002244) Business Description

Traded in Other Exchanges
N/A
Address
No. 38 Qingchun East Road, Hangzhou, Zhejiang, CHN, 310016
Hangzhou Binjiang Real Estate Group Co Ltd is a real estate development company. The projects of the company include golden dawn, the city of splendid, arc de triomphe, Jiangnan star, oriental star city, and wulin nickname office building.
Executives
Qi Jin Xing Director
Wang Shu Guang Independent director
Wang Zi Xiang Independent director
Yang Quan Sui Independent director
Chen Guo Ling Supervisors
Zhang Hong Li Executives
Mo Jian Hua Director
Shen Wei Dong Executives
Zhu Hui Ming Directors, executives

Hangzhou Binjiang Real Estate Group Co (SZSE:002244) Headlines

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