China Evergrande Group (China Evergrande Group) Days Inventory : 1,737.69 (As of Jun. 2023)

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What is China Evergrande Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Evergrande Group's Average Total Inventories for the six months ended in Jun. 2023 was $157,401 Mil. China Evergrande Group's Cost of Goods Sold for the six months ended in Jun. 2023 was $16,531 Mil. Hence, China Evergrande Group's Days Inventory for the six months ended in Jun. 2023 was 1,737.69.

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

EGRNY' s Days Inventory Range Over the Past 10 Years
Min: 802.66 Med: 1137.83 Max: 2244.46
Current: 1681.77

During the past 13 years, China Evergrande Group's highest Days Inventory was 2244.46. The lowest was 802.66. And the median was 1137.83.

EGRNY's Days Inventory is ranked worse than
75.6% of 1324 companies
in the Real Estate industry
Industry Median: 692.115 vs EGRNY: 1681.77

China Evergrande Group's Days Inventory declined from Jun. 2022 (2,950.13) to Jun. 2023 (1,737.69).

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 Evergrande Group's Inventory Turnover for the six months ended in Jun. 2023 was 0.11.

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 Evergrande Group's Inventory-to-Revenue for the six months ended in Jun. 2023 was 8.79.

China Evergrande Group Days Inventory Historical Data

The historical data trend for China Evergrande 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.

China Evergrande Group Days Inventory Chart

China Evergrande Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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1,142.47

1,159.27

1,130.03

1,692.14

2,242.31

China Evergrande Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial															1,184.12	3,096.68	2,950.13	1,687.66	1,737.69

Competitive Comparison of China Evergrande Group's Days Inventory

For the Real Estate - Development subindustry, China Evergrande 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.

China Evergrande Group's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Evergrande Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Evergrande Group's Days Inventory falls into.

China Evergrande Group Days Inventory Calculation

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

China Evergrande 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
=	( (198391.189	+	163032.833)	/	2 )	/	29416.068	*	365
=	180712.011					/	29416.068	*	365
=	2,242.31

China Evergrande 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
=	( (163032.833	+	151769.766)	/	2 )	/	16530.986	*	365 / 2
=	157401.2995					/	16530.986	*	365 / 2
=	1,737.69

China Evergrande Group (OTCPK:EGRNY) 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 Evergrande Group's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	16530.986	/	157401.2995
	=	0.11

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	157401.2995	/	17898.875
	=	8.79

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 Evergrande Group Days Inventory Related Terms

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

China Evergrande Group (China Evergrande Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Evergrande Group (OTCPK:EGRNY) » Definitions » Days Inventory

Traded in Other Exchanges

EGRNQ:USA 03333:Hong Kong EV1:Germany

Address

Number. 78 Huangpu Avenue West, Tianhe District, Guangdong Province, Guangzhou, CHN, 510620

Website

https://www.evergrande.com

China Evergrande Group is a large real estate developer. In 2019, it was ranked in third place by sales value among developers in China. It has projects in more than 200 cities across China and property development accounts for 90% of earnings. The firm also has interests in banking, insurance, tourism, and healthcare. Evergrande was listed in Hong Kong in late 2009. The company is in the process of spinning off its real estate business into a Shenzhen-listed entity. Free float is 25%, with the company's founder Hui Ka Yan holding the remaining share.