Top Spring International Holdings (HKSE:03688) Days Inventory : 3,801.65 (As of Jun. 2023)

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What is Top Spring International Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Top Spring International Holdings's Average Total Inventories for the six months ended in Jun. 2023 was HK$7,043.2 Mil. Top Spring International Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$338.1 Mil. Hence, Top Spring International Holdings's Days Inventory for the six months ended in Jun. 2023 was 3,801.65.

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

HKSE:03688' s Days Inventory Range Over the Past 10 Years
Min: 899.16 Med: 1584.18 Max: 12509
Current: 2053.17

During the past 13 years, Top Spring International Holdings's highest Days Inventory was 12509.00. The lowest was 899.16. And the median was 1584.18.

HKSE:03688's Days Inventory is ranked worse than
79.95% of 1322 companies
in the Real Estate industry
Industry Median: 693.34 vs HKSE:03688: 2053.17

Top Spring International Holdings's Days Inventory increased from Jun. 2022 (641.03) to Jun. 2023 (3,801.65). It might indicate that Top Spring International Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Top Spring International Holdings's Inventory Turnover for the six months ended in Jun. 2023 was 0.05.

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. Top Spring International Holdings's Inventory-to-Revenue for the six months ended in Jun. 2023 was 14.12.

Top Spring International Holdings Days Inventory Historical Data

The historical data trend for Top Spring International 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.

Top Spring International Holdings Days Inventory Chart

Top Spring International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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12,509.00

12,094.00

11,925.31

1,015.22

2,031.21

Top Spring International 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															9,823.71	641.03	2,264.82	3,801.65	1,388.88

Competitive Comparison of Top Spring International Holdings's Days Inventory

For the Real Estate - Development subindustry, Top Spring International 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.

Top Spring International Holdings's Days Inventory Distribution in the Real Estate Industry

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

* The bar in red indicates where Top Spring International Holdings's Days Inventory falls into.

Top Spring International Holdings Days Inventory Calculation

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

Top Spring International 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
=	( (9948.973	+	7145.318)	/	2 )	/	3072.932	*	365
=	8547.1455					/	3072.932	*	365
=	1,015.22

Top Spring International 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
=	( (7145.318	+	6940.998)	/	2 )	/	338.11	*	365 / 2
=	7043.158					/	338.11	*	365 / 2
=	3,801.65

Top Spring International Holdings (HKSE:03688) 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.

Top Spring International Holdings's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	338.11	/	7043.158
	=	0.05

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.

Top Spring International Holdings's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7043.158	/	498.669
	=	14.12

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.

Top Spring International Holdings Days Inventory Related Terms

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

Top Spring International Holdings (HKSE:03688) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Top Spring International Holdings Ltd (HKSE:03688) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

6-8 Harbour Road, Rooms 04-08, 26th Floor, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.topspring.com

Top Spring International Holdings Ltd is an investment holding engaged in property development, property investment, property management and related services, and education-related services in the People's Republic of China. It generates the majority of its revenue from the Property development segment which develops and sells residential and commercial properties. Geographically company has a presence in China, Hong Kong, and Australia, with key revenue coming from China.

Top Spring International Holdings (HKSE:03688) Headlines

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