Green Leader Holdings Group (HKSE:00061) Days Inventory : 22.15 (As of Dec. 2023)

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What is Green Leader Holdings Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Green Leader Holdings Group's Average Total Inventories for the six months ended in Dec. 2023 was HK$109 Mil. Green Leader Holdings Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$902 Mil. Hence, Green Leader Holdings Group's Days Inventory for the six months ended in Dec. 2023 was 22.15.

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

HKSE:00061' s Days Inventory Range Over the Past 10 Years
Min: 1.34 Med: 9.24 Max: 32.69
Current: 28.88

During the past 13 years, Green Leader Holdings Group's highest Days Inventory was 32.69. The lowest was 1.34. And the median was 9.24.

HKSE:00061's Days Inventory is ranked better than
90.35% of 570 companies
in the Steel industry
Industry Median: 88.445 vs HKSE:00061: 28.88

Green Leader Holdings Group's Days Inventory declined from Dec. 2022 (27.12) to Dec. 2023 (22.15).

Inventory Turnover measures how fast the company turns over its inventory within a year. Green Leader Holdings Group's Inventory Turnover for the six months ended in Dec. 2023 was 8.24.

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. Green Leader Holdings Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.12.

Green Leader Holdings Group Days Inventory Historical Data

The historical data trend for Green Leader Holdings 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.

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Green Leader Holdings Group Days Inventory Chart

Green Leader Holdings Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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4.01

3.53

22.87

32.69

20.10

Green Leader Holdings Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															16.81	38.29	27.12	51.85	22.15

Competitive Comparison of Green Leader Holdings Group's Days Inventory

For the Coking Coal subindustry, Green Leader Holdings 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.

Green Leader Holdings Group's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Green Leader Holdings Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Green Leader Holdings Group's Days Inventory falls into.

Green Leader Holdings Group Days Inventory Calculation

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

Green Leader Holdings Group'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
=	( (123.273	+	35.45)	/	2 )	/	1441.312	*	365
=	79.3615					/	1441.312	*	365
=	20.10

Green Leader Holdings Group's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (183.386	+	35.45)	/	2 )	/	901.621	*	365 / 2
=	109.418					/	901.621	*	365 / 2
=	22.15

Green Leader Holdings Group (HKSE:00061) 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.

Green Leader Holdings Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	901.621	/	109.418
	=	8.24

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.

Green Leader Holdings Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	109.418	/	902.617
	=	0.12

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.

Green Leader Holdings Group Days Inventory Related Terms

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

Green Leader Holdings Group (HKSE:00061) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Green Leader Holdings Group Ltd (HKSE:00061) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

88-98 Des Voeux Road Central, Unit A, 12th Floor, Central 88, Hong Kong, HKG

Website

https://www.greenleader.hk

Green Leader Holdings Group Ltd is an investment holding company. The company operates through four segments. The Mining Operation segment is engaged in geological survey, exploration, and development of coal deposits, as well as selling of coking coal. The Systems Integration Services and Software Solutions segment is engaged in the provision of information technology (IT) products, systems integration services, technology services, software development, and software solution services. The Cassava Starch Operation segment engages in the provision of cultivation and processing of cassava starch for sale. The Coal Operation segment is engaged in the provision of coal trading and logistics services. Geographically, it derives a majority of its revenue from China.

Executives

Hao Ting
Best Growth Enterprises Limited
China Oepc Limited
Zhang Sanhuo
China Huarong (macau) International Company Limited	2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

Green Leader Holdings Group (HKSE:00061) Headlines

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