Grandshores Technology Group (HKSE:01647) Days Inventory : 17.66 (As of Sep. 2023)

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What is Grandshores Technology Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Grandshores Technology Group's Average Total Inventories for the six months ended in Sep. 2023 was HK$14.0 Mil. Grandshores Technology Group's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$145.0 Mil. Hence, Grandshores Technology Group's Days Inventory for the six months ended in Sep. 2023 was 17.66.

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

HKSE:01647' s Days Inventory Range Over the Past 10 Years
Min: 2 Med: 8.62 Max: 44.98
Current: 12.29

During the past 10 years, Grandshores Technology Group's highest Days Inventory was 44.98. The lowest was 2.00. And the median was 8.62.

HKSE:01647's Days Inventory is ranked better than
73.87% of 1393 companies
in the Construction industry
Industry Median: 49.2 vs HKSE:01647: 12.29

Grandshores Technology Group's Days Inventory increased from Sep. 2022 (8.65) to Sep. 2023 (17.66). It might indicate that Grandshores Technology Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Grandshores Technology Group's Inventory Turnover for the six months ended in Sep. 2023 was 10.33.

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. Grandshores Technology Group's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.08.

Grandshores Technology Group Days Inventory Historical Data

The historical data trend for Grandshores Technology 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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Grandshores Technology Group Days Inventory Chart

Grandshores Technology Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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9.99

33.49

44.98

20.93

7.24

Grandshores Technology Group Semi-Annual Data
	Mar14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial														31.23	14.66	8.65	4.47	17.66

Competitive Comparison of Grandshores Technology Group's Days Inventory

For the Engineering & Construction subindustry, Grandshores Technology 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.

Grandshores Technology Group's Days Inventory Distribution in the Construction Industry

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

* The bar in red indicates where Grandshores Technology Group's Days Inventory falls into.

Grandshores Technology Group Days Inventory Calculation

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

Grandshores Technology Group's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (6.697	+	4.608)	/	2 )	/	284.989	*	365
=	5.6525					/	284.989	*	365
=	7.24

Grandshores Technology Group's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (4.608	+	23.468)	/	2 )	/	145.043	*	365 / 2
=	14.038					/	145.043	*	365 / 2
=	17.66

Grandshores Technology Group (HKSE:01647) 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.

Grandshores Technology Group's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	145.043	/	14.038
	=	10.33

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.

Grandshores Technology Group's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	14.038	/	167.529
	=	0.08

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.

Grandshores Technology Group Days Inventory Related Terms

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

Grandshores Technology Group (HKSE:01647) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Grandshores Technology Group Ltd (HKSE:01647) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Science Museum Road, Tsim Sha Tsui, Unit 1503, 15th Floor, Greenfield Tower, Concordia Plaza, Kowloon, Hong Kong, HKG

Website

http://www.grandshorestech.com

Grandshores Technology Group Ltd is an investment holding company. Along with its subsidiaries, the company provides integrated building services, with a focus on maintenance and/or installations of mechanical and electrical systems and including minor repairs and improvement works, and undertaking building and construction works in Singapore. The operating segments of the group are Integrated Building Services; Building Construction Works and Industrial Hemp, of which the major revenue source is from the Integrated Building Services segment. It has a business presence in Singapore and China.

Executives

Great Scenery Ventures Limited	2201 Interest of corporation controlled by you
Yao Yongjie	2101 Beneficial owner
Yao Zeqian	2101 Beneficial owner
Emperor Grand International Limited
Morgan Hill Holdings Limited
Zhu Guangping
Liu Zihao	2101 Beneficial owner
Lion Group Holding Ltd.	2101 Beneficial owner
Wang Jian	2101 Beneficial owner
Leung Shek Kong
Timeness Vision Limited	2201 Interest of corporation controlled by you

Grandshores Technology Group (HKSE:01647) Headlines

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