Ronshine China Holdings (FRA:1R7) Days Inventory : 1,212.62 (As of Jun. 2024)

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What is Ronshine China Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ronshine China Holdings's Average Total Inventories for the six months ended in Jun. 2024 was €9,606 Mil. Ronshine China Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was €1,446 Mil. Hence, Ronshine China Holdings's Days Inventory for the six months ended in Jun. 2024 was 1,212.62.

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

FRA:1R7' s Days Inventory Range Over the Past 10 Years
Min: 822.72 Med: 1359.68 Max: 1945.56
Current: 822.72

During the past 11 years, Ronshine China Holdings's highest Days Inventory was 1945.56. The lowest was 822.72. And the median was 1359.68.

FRA:1R7's Days Inventory is ranked worse than
54.35% of 1310 companies
in the Real Estate industry
Industry Median: 708.535 vs FRA:1R7: 822.72

Ronshine China Holdings's Days Inventory declined from Jun. 2023 (1,568.01) to Jun. 2024 (1,212.62).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ronshine China Holdings's Inventory Turnover for the six months ended in Jun. 2024 was 0.15.

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. Ronshine China Holdings's Inventory-to-Revenue for the six months ended in Jun. 2024 was 5.28.

Ronshine China Holdings Days Inventory Historical Data

The historical data trend for Ronshine China 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.

Ronshine China Holdings Days Inventory Chart

Ronshine China Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Inventory

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1,102.46

1,647.47

1,347.48

869.73

780.34

Ronshine China Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Inventory	Get a 7-Day Free Trial															1,058.49	1,568.01	585.60	1,212.62	579.96

Competitive Comparison of Ronshine China Holdings's Days Inventory

For the Real Estate - Development subindustry, Ronshine China 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.

Ronshine China Holdings's Days Inventory Distribution in the Real Estate Industry

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

* The bar in red indicates where Ronshine China Holdings's Days Inventory falls into.

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Ronshine China Holdings Days Inventory Calculation

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

Ronshine China Holdings's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (15836.946	+	10295.749)	/	2 )	/	5483.59	*	365
=	13066.3475					/	5483.59	*	365
=	869.73

Ronshine China Holdings's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (10295.749	+	8917.084)	/	2 )	/	1445.767	*	365 / 2
=	9606.4165					/	1445.767	*	365 / 2
=	1,212.62

Ronshine China Holdings (FRA:1R7) 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.

Ronshine China Holdings's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1445.767	/	9606.4165
	=	0.15

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.

Ronshine China Holdings's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	9606.4165	/	1818.696
	=	5.28

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.

Ronshine China Holdings Days Inventory Related Terms

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

Ronshine China Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ronshine China Holdings Ltd (FRA:1R7) » Definitions » Days Inventory

Traded in Other Exchanges

03301:Hong Kong

Address

Lane 77, Shangkun Road, Tower 2, Ronshine Sunkwan Center, Minhang District, Shanghai, CHN, 200336

Website

http://www.rongxingroup.com

Ronshine China Holdings Ltd is an investment holding company. The firm with its subsidiaries develops mid to high end residential and commercial properties in cities in the Western Taiwan straits economic zone, Yangtze river delta economic region and selected first and second-tier cities in the PRC. The company derives the majority of its revenues from sales of properties.

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