Zhong Ao Home Group (HKSE:01538) Days Inventory : 1.83 (As of Dec. 2023)

View and export this data going back to 2015. Start your Free Trial

What is Zhong Ao Home Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zhong Ao Home Group's Average Total Inventories for the six months ended in Dec. 2023 was HK$8 Mil. Zhong Ao Home Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$753 Mil. Hence, Zhong Ao Home Group's Days Inventory for the six months ended in Dec. 2023 was 1.83.

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

HKSE:01538' s Days Inventory Range Over the Past 10 Years
Min: 0.41 Med: 1.11 Max: 8.24
Current: 1.75

During the past 10 years, Zhong Ao Home Group's highest Days Inventory was 8.24. The lowest was 0.41. And the median was 1.11.

HKSE:01538's Days Inventory is ranked better than
96.44% of 1319 companies
in the Real Estate industry
Industry Median: 699.54 vs HKSE:01538: 1.75

Zhong Ao Home Group's Days Inventory increased from Dec. 2022 (1.33) to Dec. 2023 (1.83). It might indicate that Zhong Ao Home Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhong Ao Home Group's Inventory Turnover for the six months ended in Dec. 2023 was 99.68.

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. Zhong Ao Home Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.01.

Zhong Ao Home Group Days Inventory Historical Data

The historical data trend for Zhong Ao Home 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.

Zhong Ao Home Group Days Inventory Chart

Zhong Ao Home Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

0.60

1.94

7.82

8.24

1.61

Zhong Ao Home Group Semi-Annual Data
	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														17.38	8.34	1.33	1.80	1.83

Competitive Comparison of Zhong Ao Home Group's Days Inventory

For the Real Estate Services subindustry, Zhong Ao Home 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.

Zhong Ao Home Group's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Zhong Ao Home Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Zhong Ao Home Group's Days Inventory falls into.

Zhong Ao Home Group Days Inventory Calculation

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

Zhong Ao Home 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
=	( (6.24	+	6.839)	/	2 )	/	1486.537	*	365
=	6.5395					/	1486.537	*	365
=	1.61

Zhong Ao Home 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
=	( (8.265	+	6.839)	/	2 )	/	752.769	*	365 / 2
=	7.552					/	752.769	*	365 / 2
=	1.83

Zhong Ao Home Group (HKSE:01538) 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.

Zhong Ao Home Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	752.769	/	7.552
	=	99.68

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.

Zhong Ao Home Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.552	/	933.13
	=	0.01

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.

Zhong Ao Home Group Days Inventory Related Terms

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

Zhong Ao Home Group (HKSE:01538) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Zhong Ao Home Group Ltd (HKSE:01538) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Baichen Lu, Chihua She Qu, 1601 Block 1, Pacific Dingwang Commercial Center, Chencun Town, Shunde District, Foshan, CHN

Website

http://www.gdzawy.com

Zhong Ao Home Group Ltd is an investment holding company mainly engaged in the provision of property management services, sales assistance services, provision of cleaning and greening services, and provision of real estate agency services in the People's Republic of China. All of the activities are carried out across China which represents Southern Region, Eastern and Central Region, and the Northern Region. It generates a vast majority of its revenues from the property management business.

Executives

Liu Jian	2307 Founder of a discretionary trust who can infl
Hilton Assets (ptc) Limited	2301 Trustee
Qichang International Limited	2101 Beneficial owner
Greentown Service Group Co. Ltd.	2101 Beneficial owner

Zhong Ao Home Group (HKSE:01538) Headlines

No Headlines