Days Inventory is also known as Days Sales of Inventory (DSI). China Hi-Tech Group Co's Average Total Inventories for the
three
months ended in Dec. 2023 was ¥18.7 Mil. China Hi-Tech Group Co's Cost of Goods Sold for the
three
months ended in Dec. 2023 was ¥11.7 Mil.
Hence, China Hi-Tech Group Co's Days Inventory for the
three
months ended in Dec. 2023 was 146.48.
The historical rank and industry rank for China Hi-Tech Group Co's Days Inventory or its related term are showing as below:
SHSE:600730'
s Days Inventory Range Over the Past 10 Years
Min: 174.19 Med: 318.52 Max: 2929.96
Current: 216.26
During the past 13 years, China Hi-Tech Group Co's highest Days Inventory was 2929.96. The lowest was 174.19. And the median was 318.52.
SHSE:600730's Days Inventory is ranked worse than 94.94% of 158
companies
in the Education industry
Industry Median: 8.33
vs SHSE:600730: 216.26
China Hi-Tech Group Co's Days Inventory
increased
from Dec. 2022 (145.77) to Dec. 2023 (146.48).
It might indicate that China Hi-Tech Group Co's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
China Hi-Tech Group Co's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.62.
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 Hi-Tech Group Co's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.62.
China Hi-Tech Group Co Days Inventory Historical Data
The historical data trend for China Hi-Tech 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.
Competitive Comparison of China Hi-Tech Group Co's Days Inventory
For the Education & Training Services subindustry, China Hi-Tech 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.
China Hi-Tech Group Co's Days Inventory Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, China Hi-Tech Group Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where China Hi-Tech Group Co's Days Inventory falls into.
China Hi-Tech Group Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
China Hi-Tech Group Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
China Hi-Tech Group Co (SHSE:600730) 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 Hi-Tech Group Co's Inventory Turnover for the
three
months ended in Dec. 2023 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.
China Hi-Tech Group Co's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
China Hi-Tech Group Co Days Inventory Related Terms
Thank you for viewing the detailed overview of China Hi-Tech Group Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
China Hi-Tech Group Co (SHSE:600730) Business Description
China Hi-Tech Group Co Ltd is engaged in the education sector. The company provides education and training services. The company is also involved in education investment and educational research.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SHSE:600730 has been successfully added to your 