China Fortune Land Development Co (SHSE:600340) Days Inventory

: 1,912.45 (As of Sep. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). China Fortune Land Development Co's Average Total Inventories for the three months ended in Sep. 2023 was ¥98,036 Mil. China Fortune Land Development Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥4,678 Mil. Hence, China Fortune Land Development Co's Days Inventory for the three months ended in Sep. 2023 was 1,912.45.

The historical rank and industry rank for China Fortune Land Development Co's Days Inventory or its related term are showing as below:

SHSE:600340' s Days Inventory Range Over the Past 10 Years
Min: 981.62 Med: 1349.89 Max: 2221.24
Current: 1798.59

During the past 13 years, China Fortune Land Development Co's highest Days Inventory was 2221.24. The lowest was 981.62. And the median was 1349.89.

SHSE:600340's Days Inventory is ranked worse than
77.23% of 1322 companies
in the Real Estate industry
Industry Median: 689.615 vs SHSE:600340: 1798.59

China Fortune Land Development Co's Days Inventory declined from Sep. 2022 (2,036.56) to Sep. 2023 (1,912.45).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Fortune Land Development Co's Inventory Turnover for the three months ended in Sep. 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. China Fortune Land Development Co's Inventory-to-Revenue for the three months ended in Sep. 2023 was 13.67.

China Fortune Land Development Co Days Inventory Historical Data

The historical data trend for China Fortune Land Development 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.

China Fortune Land Development Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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1,806.83

1,285.11

981.62

1,502.79

1,827.66

China Fortune Land Development Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															2,036.56	1,389.31	2,001.64	2,182.64	1,912.45

Competitive Comparison

For the Real Estate - Development subindustry, China Fortune Land Development 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.

China Fortune Land Development Co Days Inventory Distribution

For the Real Estate industry and Real Estate sector, China Fortune Land Development Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Fortune Land Development Co's Days Inventory falls into.

China Fortune Land Development Co Days Inventory Calculation

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

China Fortune Land Development Co'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
=	( (145280.125	+	122871.889)	/	2 )	/	26776.21	*	365
=	134076.007					/	26776.21	*	365
=	1,827.66

China Fortune Land Development Co'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
=	( (100610.129	+	95460.983)	/	2 )	/	4677.629	*	365 / 4
=	98035.556					/	4677.629	*	365 / 4
=	1,912.45

China Fortune Land Development Co (SHSE:600340) 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 Fortune Land Development Co's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4677.629	/	98035.556
	=	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.

China Fortune Land Development Co's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	98035.556	/	7170.628
	=	13.67

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 Fortune Land Development Co Days Inventory Related Terms

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China Fortune Land Development Co (SHSE:600340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Fortune Land Development Co Ltd (SHSE:600340) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 18, Xiaguangli, North Dongsanhuan Road, Fl.9, Block A, Jiacheng Plaza, Chaoyang District, Beijing, CHN, 100027

Website

http://www.cfldcn.com

China Fortune Land Development Co Ltd is engaged in the investment, development, construction and operation of the new industrial city. It is primarily involved in planning, designing, land consolidation, investment, infrastructure construction and public facility development. Further, it is also involved in development of green cities and construction of smart urban.

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