China Resources Building Materials Technology Holdings (China Resources Building Materials Technology Holdings) Days Inventory : 51.22 (As of Sep. 2023)

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What is China Resources Building Materials Technology Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Resources Building Materials Technology Holdings's Average Total Inventories for the three months ended in Sep. 2023 was $374 Mil. China Resources Building Materials Technology Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was $666 Mil. Hence, China Resources Building Materials Technology Holdings's Days Inventory for the three months ended in Sep. 2023 was 51.22.

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

CJRCF' s Days Inventory Range Over the Past 10 Years
Min: 25.11 Med: 32.9 Max: 73.07
Current: 73.07

During the past 13 years, China Resources Building Materials Technology Holdings's highest Days Inventory was 73.07. The lowest was 25.11. And the median was 32.90.

CJRCF's Days Inventory is ranked better than
56.95% of 367 companies
in the Building Materials industry
Industry Median: 83.39 vs CJRCF: 73.07

China Resources Building Materials Technology Holdings's Days Inventory increased from Jun. 2022 (0.00) to Sep. 2023 (51.22). It might indicate that China Resources Building Materials Technology Holdings's sales slowed down.

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. China Resources Building Materials Technology Holdings's Inventory Turnover for the three months ended in Sep. 2023 was 1.78.

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. China Resources Building Materials Technology Holdings's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.51.

China Resources Building Materials Technology Holdings Days Inventory Historical Data

The historical data trend for China Resources Building Materials Technology 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.

China Resources Building Materials Technology Holdings Days Inventory Chart

China Resources Building Materials Technology Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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27.20

25.03

29.37

38.19

36.58

China Resources Building Materials Technology Holdings Quarterly Data
	Jun16	Sep16	Dec16	Jun17	Sep17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															42.90	39.25	-	51.22	27.11

Competitive Comparison of China Resources Building Materials Technology Holdings's Days Inventory

For the Building Materials subindustry, China Resources Building Materials Technology 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.

China Resources Building Materials Technology Holdings's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, China Resources Building Materials Technology Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Resources Building Materials Technology Holdings's Days Inventory falls into.

China Resources Building Materials Technology Holdings Days Inventory Calculation

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

China Resources Building Materials Technology 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
=	( (377.454	+	346.045)	/	2 )	/	3457.632	*	365
=	361.7495					/	3457.632	*	365
=	38.19

China Resources Building Materials Technology Holdings's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (400.438	+	346.894)	/	2 )	/	665.719	*	365 / 4
=	373.666					/	665.719	*	365 / 4
=	51.22

China Resources Building Materials Technology Holdings (OTCPK:CJRCF) 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.

China Resources Building Materials Technology Holdings's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	665.719	/	373.666
	=	1.78

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.

China Resources Building Materials Technology Holdings's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	373.666	/	730.277
	=	0.51

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.

China Resources Building Materials Technology Holdings Days Inventory Related Terms

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

China Resources Building Materials Technology Holdings (China Resources Building Materials Technology Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Resources Building Materials Technology Holdings Ltd (OTCPK:CJRCF) » Definitions » Days Inventory

Traded in Other Exchanges

CARCY:USA 01313:Hong Kong C44:Germany

Address

26 Harbour Road, Room 3001-05, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crcement.com

China Resources Building Materials Technology Holdings Ltd formerly China Resources Cement Holdings Ltd is a cement and concrete producer in Southern China. Its operations range from the excavation of limestone to the production, sale, and distribution of cement, clinker, and concrete. The company's segments are Cement and Concrete of which its majority revenue is derived from the manufacture and sale of cement products. The group products are mainly used in the construction of infrastructure projects such as railways, highways, subways, bridges, airports, ports, dams, hydroelectric power stations, and nuclear power stations, as well as the construction of high-rise buildings and the development of suburban and rural areas. Geographically, the majority is derived from Guangdong.