Chinney Alliance Group (HKSE:00385) Days Inventory : 9.91 (As of Dec. 2023)

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What is Chinney Alliance Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Chinney Alliance Group's Average Total Inventories for the six months ended in Dec. 2023 was HK$165 Mil. Chinney Alliance Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,031 Mil. Hence, Chinney Alliance Group's Days Inventory for the six months ended in Dec. 2023 was 9.91.

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

HKSE:00385' s Days Inventory Range Over the Past 10 Years
Min: 6.44 Med: 8.28 Max: 12.39
Current: 11.16

During the past 13 years, Chinney Alliance Group's highest Days Inventory was 12.39. The lowest was 6.44. And the median was 8.28.

HKSE:00385's Days Inventory is ranked better than
75.68% of 1394 companies
in the Construction industry
Industry Median: 48.67 vs HKSE:00385: 11.16

Chinney Alliance Group's Days Inventory declined from Dec. 2022 (11.68) to Dec. 2023 (9.91).

Inventory Turnover measures how fast the company turns over its inventory within a year. Chinney Alliance Group's Inventory Turnover for the six months ended in Dec. 2023 was 18.42.

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. Chinney Alliance Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.05.

Chinney Alliance Group Days Inventory Historical Data

The historical data trend for Chinney Alliance 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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Chinney Alliance Group Days Inventory Chart

Chinney Alliance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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6.44

10.80

11.51

12.39

10.67

Chinney Alliance 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															9.58	14.31	11.68	13.38	9.91

Competitive Comparison of Chinney Alliance Group's Days Inventory

For the Engineering & Construction subindustry, Chinney Alliance 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.

Chinney Alliance Group's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Chinney Alliance Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Chinney Alliance Group's Days Inventory falls into.

Chinney Alliance Group Days Inventory Calculation

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

Chinney Alliance 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
=	( (158.854	+	152.128)	/	2 )	/	5321.381	*	365
=	155.491					/	5321.381	*	365
=	10.67

Chinney Alliance 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
=	( (176.972	+	152.128)	/	2 )	/	3031.138	*	365 / 2
=	164.55					/	3031.138	*	365 / 2
=	9.91

Chinney Alliance Group (HKSE:00385) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3031.138	/	164.55
	=	18.42

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	164.55	/	3442.802
	=	0.05

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.

Chinney Alliance Group Days Inventory Related Terms

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

Chinney Alliance Group (HKSE:00385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chinney Alliance Group Ltd (HKSE:00385) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Connaught Road Central, 23rd Floor, Wing On Centre, Hong Kong, HKG

Website

https://chinneyalliancegroup.etnet.com.hk

Chinney Alliance Group Ltd is an investment holding company. The company's operating segment includes Plastic and chemical products; Building related contracting services; Building construction; Foundation piling and ground investigation; the aviation segment and others. It generates maximum revenue from the Building related contracting services segment. The Building related contracting services segment consists of the provision of contracting services for both public and private sectors, including engineering contracting services in the air-conditioning industry and the provision of maintenance services. Geographically, it derives a majority of revenue from Hong Kong.

Executives

Wong Sai Wing, James

2201 Interest of corporation controlled by you

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