Tongguan Gold Group (HKSE:00340) Days Inventory : 12.40 (As of Dec. 2023)

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What is Tongguan Gold Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tongguan Gold Group's Average Total Inventories for the six months ended in Dec. 2023 was HK$48 Mil. Tongguan Gold Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$702 Mil. Hence, Tongguan Gold Group's Days Inventory for the six months ended in Dec. 2023 was 12.40.

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

HKSE:00340' s Days Inventory Range Over the Past 10 Years
Min: 5.35 Med: 92.03 Max: 707.77
Current: 11.03

During the past 13 years, Tongguan Gold Group's highest Days Inventory was 707.77. The lowest was 5.35. And the median was 92.03.

HKSE:00340's Days Inventory is ranked better than
97.13% of 663 companies
in the Metals & Mining industry
Industry Median: 88.02 vs HKSE:00340: 11.03

Tongguan Gold Group's Days Inventory increased from Dec. 2022 (3.41) to Dec. 2023 (12.40). It might indicate that Tongguan Gold Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tongguan Gold Group's Inventory Turnover for the six months ended in Dec. 2023 was 14.72.

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. Tongguan Gold Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.06.

Tongguan Gold Group Days Inventory Historical Data

The historical data trend for Tongguan Gold 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.

Tongguan Gold Group Days Inventory Chart

Tongguan Gold Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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38.62

55.76

28.29

5.35

15.50

Tongguan Gold 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															11.11	15.03	3.41	4.78	12.40

Competitive Comparison of Tongguan Gold Group's Days Inventory

For the Gold subindustry, Tongguan Gold 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.

Tongguan Gold Group's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Tongguan Gold Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tongguan Gold Group's Days Inventory falls into.

Tongguan Gold Group Days Inventory Calculation

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

Tongguan Gold 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
=	( (25.12	+	87.749)	/	2 )	/	1329.358	*	365
=	56.4345					/	1329.358	*	365
=	15.50

Tongguan Gold 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
=	( (7.696	+	87.749)	/	2 )	/	702.375	*	365 / 2
=	47.7225					/	702.375	*	365 / 2
=	12.40

Tongguan Gold Group (HKSE:00340) 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.

Tongguan Gold Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	702.375	/	47.7225
	=	14.72

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.

Tongguan Gold Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	47.7225	/	820.688
	=	0.06

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.

Tongguan Gold Group Days Inventory Related Terms

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

Tongguan Gold Group (HKSE:00340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tongguan Gold Group Ltd (HKSE:00340) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Harcourt Road, Room 1306, 13th Floor, Bank of America Tower, Admiralty, Hong Kong, HKG

Website

http://www.tongguangold.com

Tongguan Gold Group Ltd operates as an investment holding company. It operates through one segment, the Gold mining operation, that engages in the exploration, mining, processing, and sale of gold concentrates and related products. All of its revenues come from the PRC.

Executives

Fung Wai Enterprises Ltd.	2101 Beneficial owner
Lin Eddie Chang	2201 Interest of corporation controlled by you
Goldbell Holdings Limited	2201 Interest of corporation controlled by you
Jiang Wei	2201 Interest of corporation controlled by you
Jin Ding Investment Limited	2201 Interest of corporation controlled by you
Qinlong Jinxin Mining Investment Limited	2101 Beneficial owner
Lam Yuk Ying	2101 Beneficial owner
Chen Dengguang	2101 Beneficial owner
Huang Aidong	2201 Interest of corporation controlled by you
Profit Linkage Enterprises Limited	2101 Beneficial owner
Golden Blossom Investment Limited	2101 Beneficial owner
Hu Jianzhong	2201 Interest of corporation controlled by you
Ho Ping Tanya	2101 Beneficial owner
Lin Yuhua	2201 Interest of corporation controlled by you
Supreme Success Group Limited	2101 Beneficial owner

Tongguan Gold Group (HKSE:00340) Headlines

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