Ta Yang Group Holdings (HKSE:01991) Days Inventory : 14.65 (As of Jun. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Ta Yang Group Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ta Yang Group Holdings's Average Total Inventories for the six months ended in Jun. 2024 was HK$38.3 Mil. Ta Yang Group Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$477.0 Mil. Hence, Ta Yang Group Holdings's Days Inventory for the six months ended in Jun. 2024 was 14.65.

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

HKSE:01991' s Days Inventory Range Over the Past 10 Years
Min: 15.29 Med: 52.82 Max: 87.58
Current: 15.29

During the past 13 years, Ta Yang Group Holdings's highest Days Inventory was 87.58. The lowest was 15.29. And the median was 52.82.

HKSE:01991's Days Inventory is ranked better than
59.79% of 674 companies
in the Media - Diversified industry
Industry Median: 28.87 vs HKSE:01991: 15.29

Ta Yang Group Holdings's Days Inventory declined from Jun. 2023 (23.91) to Jun. 2024 (14.65).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ta Yang Group Holdings's Inventory Turnover for the six months ended in Jun. 2024 was 12.46.

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. Ta Yang Group Holdings's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.07.

Ta Yang Group Holdings Days Inventory Historical Data

The historical data trend for Ta Yang Group 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.

Ta Yang Group Holdings Days Inventory Chart

Ta Yang Group Holdings Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Inventory

Get a 7-Day Free Trial

43.96

63.03

86.46

15.84

14.70

Ta Yang Group Holdings Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Inventory	Get a 7-Day Free Trial															112.50	23.91	12.51	14.65	16.77

Competitive Comparison of Ta Yang Group Holdings's Days Inventory

For the Advertising Agencies subindustry, Ta Yang Group 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.

Ta Yang Group Holdings's Days Inventory Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Ta Yang Group Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ta Yang Group Holdings's Days Inventory falls into.

Save Embed

;

Save Embed

;

Ta Yang Group Holdings Days Inventory Calculation

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

Ta Yang Group 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
=	( (59.221	+	38.074)	/	2 )	/	1120.813	*	365
=	48.6475					/	1120.813	*	365
=	15.84

Ta Yang Group Holdings's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (38.074	+	38.504)	/	2 )	/	476.972	*	365 / 2
=	38.289					/	476.972	*	365 / 2
=	14.65

Ta Yang Group Holdings (HKSE:01991) 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.

Ta Yang Group Holdings's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	476.972	/	38.289
	=	12.46

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.

Ta Yang Group Holdings's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	38.289	/	514.096
	=	0.07

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.

Ta Yang Group Holdings Days Inventory Related Terms

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

Ta Yang Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Ta Yang Group Holdings Ltd (HKSE:01991) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

45 Pottinger Street, 22nd Floor, H Code, Central, Hong Kong, HKG

Website

https://www.tayanggroup.com

Ta Yang Group Holdings Ltd is an investment holding company. Along with its subsidiaries, it operates in different reportable segments which include Silicone rubber and related products; Retail services; Healthcare and hotel services; and Online marketing solution services. The company derives maximum revenue from the Online marketing solution services segment which provides online marketing solution services in the PRC. Geographically the company's business is spread across the People's Republic of China, Hong Kong, Other Asian countries, America, Europe, and other regions of which, maximum revenue is derived from the PRC.

Executives

Bei Jing Ri Xin Jia Rui Tou Zi Guan Li You Xian Gong Si	2101 Beneficial owner
China Xinhai Group Limited	2101 Beneficial owner
Bei Jing Xing Xiang Ke Ji You Xian Gong Si	2101 Beneficial owner
Mason Group Holdings Limited	2201 Interest of corporation controlled by you
Mason Resources Finance Limited	2106 Person having a security interest in shares
Lyton Maison Limited	2101 Beneficial owner
Shi Qi	2201 Interest of corporation controlled by you

Ta Yang Group Holdings Headlines

No Headlines