Tang Palace (China) Holdings (HKSE:01181) Days Inventory : 12.03 (As of Dec. 2023)

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What is Tang Palace (China) Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tang Palace (China) Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$31 Mil. Tang Palace (China) Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$468 Mil. Hence, Tang Palace (China) Holdings's Days Inventory for the six months ended in Dec. 2023 was 12.03.

The historical rank and industry rank for Tang Palace (China) Holdings's Days Inventory or its related term are showing as below:

HKSE:01181' s Days Inventory Range Over the Past 10 Years
Min: 14.42 Med: 18.96 Max: 32.93
Current: 14.42

During the past 13 years, Tang Palace (China) Holdings's highest Days Inventory was 32.93. The lowest was 14.42. And the median was 18.96.

HKSE:01181's Days Inventory is ranked better than
52.23% of 337 companies
in the Restaurants industry
Industry Median: 15.61 vs HKSE:01181: 14.42

Tang Palace (China) Holdings's Days Inventory declined from Dec. 2022 (17.26) to Dec. 2023 (12.03).

Inventory Turnover measures how fast the company turns over its inventory within a year. Tang Palace (China) Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 15.16.

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. Tang Palace (China) Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.05.

Tang Palace (China) Holdings Days Inventory Historical Data

The historical data trend for Tang Palace (China) 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.

* Premium members only.

Tang Palace (China) Holdings Days Inventory Chart

Tang Palace (China) Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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17.62

22.49

19.91

22.22

15.07

Tang Palace (China) 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															21.71	24.52	17.26	16.39	12.03

Competitive Comparison of Tang Palace (China) Holdings's Days Inventory

For the Restaurants subindustry, Tang Palace (China) 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.

Tang Palace (China) Holdings's Days Inventory Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Tang Palace (China) Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tang Palace (China) Holdings's Days Inventory falls into.

Tang Palace (China) Holdings Days Inventory Calculation

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

Tang Palace (China) 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
=	( (43.924	+	29.609)	/	2 )	/	890.744	*	365
=	36.7665					/	890.744	*	365
=	15.07

Tang Palace (China) 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
=	( (32.064	+	29.609)	/	2 )	/	467.613	*	365 / 2
=	30.8365					/	467.613	*	365 / 2
=	12.03

Tang Palace (China) Holdings (HKSE:01181) 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.

Tang Palace (China) Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	467.613	/	30.8365
	=	15.16

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.

Tang Palace (China) Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	30.8365	/	584.741
	=	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.

Tang Palace (China) Holdings Days Inventory Related Terms

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Tang Palace (China) Holdings (HKSE:01181) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tang Palace (China) Holdings Ltd (HKSE:01181) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TNGPF:USA

Address

No. 1 Science Museum Road, Unit 3, 10th Floor, Greenfield Tower, Concordia Plaza, Kowloon, HKG

Website

https://www.tanggong.cn

Tang Palace (China) Holdings Ltd is an investment holding company engaged in restaurant operations and food production. The primary production of the group is located in the People's Republic of China. It offers new dishes, seasonal foods, festive celebrations, basic sauce, food ingredient, and casual dining of different regional cuisines. The company has four operating segments - the Southern China region, the Eastern China region, the Northern China region, and the Western China region. Majority of its revenue is generated from the Eastern China segment. The company operates restaurants under the Soup Delice, Tang Palace, Tang's Cuisine, Tang Palace Seafood Restaurant, Canton Tea Room, Social Place, Pepper Lunch, and PappaRich, brands.

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