Tianli Holdings Group (HKSE:00117) Days Inventory : 174.07 (As of Jun. 2023)

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What is Tianli Holdings Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tianli Holdings Group's Average Total Inventories for the six months ended in Jun. 2023 was HK$203.6 Mil. Tianli Holdings Group's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$213.5 Mil. Hence, Tianli Holdings Group's Days Inventory for the six months ended in Jun. 2023 was 174.07.

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

HKSE:00117' s Days Inventory Range Over the Past 10 Years
Min: 33.37 Med: 88.34 Max: 246.7
Current: 168.38

During the past 13 years, Tianli Holdings Group's highest Days Inventory was 246.70. The lowest was 33.37. And the median was 88.34.

HKSE:00117's Days Inventory is ranked worse than
73.33% of 2407 companies
in the Hardware industry
Industry Median: 103.77 vs HKSE:00117: 168.38

Tianli Holdings Group's Days Inventory declined from Jun. 2022 (233.53) to Jun. 2023 (174.07).

Inventory Turnover measures how fast the company turns over its inventory within a year. Tianli Holdings Group's Inventory Turnover for the six months ended in Jun. 2023 was 1.05.

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. Tianli Holdings Group's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.88.

Tianli Holdings Group Days Inventory Historical Data

The historical data trend for Tianli Holdings 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.

* Premium members only.

Tianli Holdings Group Days Inventory Chart

Tianli Holdings Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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150.87

180.00

232.52

246.70

175.52

Tianli Holdings 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															283.30	233.53	229.92	174.07	156.39

Competitive Comparison of Tianli Holdings Group's Days Inventory

For the Electronic Components subindustry, Tianli Holdings 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.

Tianli Holdings Group's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tianli Holdings Group's Days Inventory distribution charts can be found below:

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

Tianli Holdings Group Days Inventory Calculation

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

Tianli Holdings Group'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
=	( (303.916	+	217.826)	/	2 )	/	385.965	*	365
=	260.871					/	385.965	*	365
=	246.70

Tianli Holdings Group'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
=	( (217.826	+	189.379)	/	2 )	/	213.462	*	365 / 2
=	203.6025					/	213.462	*	365 / 2
=	174.07

Tianli Holdings Group (HKSE:00117) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	213.462	/	203.6025
	=	1.05

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	203.6025	/	232.553
	=	0.88

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.

Tianli Holdings Group Days Inventory Related Terms

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

Tianli Holdings Group (HKSE:00117) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tianli Holdings Group Ltd (HKSE:00117) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 Queen’s Road Central, Suites 2711-12, 27th Floor, The Center, Hong Kong, HKG

Website

http://www.tlhg.com.hk

Tianli Holdings Group Ltd is an investment holding company principally engaged in the manufacturing and sales of electronic products with current focus on multi-layer ceramic chips (MLCC) products. It also provides financial services including direct investments in debt, equity and any other assets, asset management, and financial advisory services. The company operates in Mainland China, Hong Kong, and Other countries.

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