Minmetals Land (HKSE:00230) Days Inventory : 1,567.35 (As of Dec. 2023)

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What is Minmetals Land Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Minmetals Land's Average Total Inventories for the six months ended in Dec. 2023 was HK$33,649 Mil. Minmetals Land's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,918 Mil. Hence, Minmetals Land's Days Inventory for the six months ended in Dec. 2023 was 1,567.35.

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

HKSE:00230' s Days Inventory Range Over the Past 10 Years
Min: 776.54 Med: 1319.7 Max: 1674.75
Current: 1242.53

During the past 13 years, Minmetals Land's highest Days Inventory was 1674.75. The lowest was 776.54. And the median was 1319.70.

HKSE:00230's Days Inventory is ranked worse than
66.72% of 1328 companies
in the Real Estate industry
Industry Median: 699.495 vs HKSE:00230: 1242.53

Minmetals Land's Days Inventory declined from Dec. 2022 (2,073.31) to Dec. 2023 (1,567.35).

Inventory Turnover measures how fast the company turns over its inventory within a year. Minmetals Land's Inventory Turnover for the six months ended in Dec. 2023 was 0.12.

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. Minmetals Land's Inventory-to-Revenue for the six months ended in Dec. 2023 was 7.85.

Minmetals Land Days Inventory Historical Data

The historical data trend for Minmetals Land'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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Minmetals Land Days Inventory Chart

Minmetals Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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1,073.37

1,674.75

1,345.39

1,673.26

1,275.77

Minmetals Land 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															1,166.25	1,424.16	2,073.31	1,021.36	1,567.35

Competitive Comparison of Minmetals Land's Days Inventory

For the Real Estate - Development subindustry, Minmetals Land'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.

Minmetals Land's Days Inventory Distribution in the Real Estate Industry

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

* The bar in red indicates where Minmetals Land's Days Inventory falls into.

Minmetals Land Days Inventory Calculation

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

Minmetals Land'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
=	( (39506.138	+	33601.789)	/	2 )	/	10458.171	*	365
=	36553.9635					/	10458.171	*	365
=	1,275.77

Minmetals Land'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
=	( (33697.122	+	33601.789)	/	2 )	/	3918.09	*	365 / 2
=	33649.4555					/	3918.09	*	365 / 2
=	1,567.35

Minmetals Land (HKSE:00230) 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.

Minmetals Land's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3918.09	/	33649.4555
	=	0.12

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.

Minmetals Land's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	33649.4555	/	4287.634
	=	7.85

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.

Minmetals Land Days Inventory Related Terms

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

Minmetals Land (HKSE:00230) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Minmetals Land Ltd (HKSE:00230) » Definitions » Days Inventory

Traded in Other Exchanges

ONF:Germany

Address

79 Chatham Road South, 18th Floor, China Minmetals Tower, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

https://www.minmetalsland.com

Minmetals Land Ltd is a Hong Kong-based investment holding company. It is principally engaged in real estate development, specialised construction, property investment, and securities investment. The firm has four operating segments which are Real estate development, Specialised construction, Property investment, and Securities investment. Its real estate development business, which is the key revenue-generating segment, covers the development and sales of residential and commercial properties. The group operates in Hong Kong and Mainland China, of which a majority of revenue is derived from Mainland China.

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