GOME Retail Holdings (HKSE:00493) Days Inventory : 0.00 (As of Dec. 2023)

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What is GOME Retail Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). GOME Retail Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$598.1 Mil. GOME Retail Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$-67.9 Mil.

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

HKSE:00493' s Days Inventory Range Over the Past 10 Years
Min: 58.26 Med: 67.82 Max: 395.19
Current: 395.19

During the past 13 years, GOME Retail Holdings's highest Days Inventory was 395.19. The lowest was 58.26. And the median was 67.82.

HKSE:00493's Days Inventory is ranked worse than
92.62% of 1071 companies
in the Retail - Cyclical industry
Industry Median: 109.96 vs HKSE:00493: 395.19

GOME Retail Holdings's Days Inventory declined from Dec. 2022 (63.65) to Dec. 2023 (0.00).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. GOME Retail Holdings's Inventory Turnover for the six months ended in Dec. 2023 was -0.11.

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. GOME Retail Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 2.36.

GOME Retail Holdings Days Inventory Historical Data

The historical data trend for GOME Retail 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.

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GOME Retail Holdings Days Inventory Chart

GOME Retail Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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58.26

71.88

64.37

86.40

248.57

GOME Retail Holdings 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															70.74	90.57	63.65	227.50	-

Competitive Comparison of GOME Retail Holdings's Days Inventory

For the Specialty Retail subindustry, GOME Retail 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.

GOME Retail Holdings's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, GOME Retail Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where GOME Retail Holdings's Days Inventory falls into.

GOME Retail Holdings Days Inventory Calculation

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

GOME Retail 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
=	( (483.134	+	221.028)	/	2 )	/	516.993	*	365
=	352.081					/	516.993	*	365
=	248.57

GOME Retail Holdings'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
=	( (975.101	+	221.028)	/	2 )	/	-67.9	*	365 / 2
=	598.0645					/	-67.9	*	365 / 2
=	N/A

GOME Retail Holdings (HKSE:00493) 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.

GOME Retail Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	-67.9	/	598.0645
	=	-0.11

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.

GOME Retail Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	598.0645	/	253.911
	=	2.36

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.

GOME Retail Holdings Days Inventory Related Terms

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

GOME Retail Holdings (HKSE:00493) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » GOME Retail Holdings Ltd (HKSE:00493) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CKS2:Germany

Address

8 Finance Street, Suite 2915, 29th Floor, Two International Finance Centre, Central, Hong Kong, HKG

Website

http://www.gome.com.hk

GOME Retail Holdings Ltd is an electrical appliance retailer operating in China and Hong Kong. Its products include audio and video electrical appliances, refrigerating and washing devices, telecommunications devices, and other electronic and technological devices. By geographical segment, the company divides its sales into Chinese regions - Beijing, Guangzhou, Shenzhen, Xi'an, Jinan, Chengdu, Shanghai, and Others. By product categories, revenue is split into Air conditioners, Refrigerators and Washing machines, Telecommunication, Small white appliances, Computer and Digital, and New business.

Executives

Shinning Crown Holdings Inc.	2101 Beneficial owner
Du Juan	2202 Interest of your spouse
Wong Kwong Yu	2201 Interest of corporation controlled by you
Gome Management Limited	2101 Beneficial owner
Ever Ocean Investments Limited	2201 Interest of corporation controlled by you
Trans Asia Inter Capital Limited	2101 Beneficial owner
Yuen Chi Hang Clement
Pinduoduo Inc.	2101 Beneficial owner
Ark Trust (hong Kong) Limited	2301 Trustee

GOME Retail Holdings (HKSE:00493) Headlines

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