Ling Yue Services Group (HKSE:02165) Days Inventory : 0.96 (As of Dec. 2023)

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What is Ling Yue Services Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ling Yue Services Group's Average Total Inventories for the six months ended in Dec. 2023 was HK$1.3 Mil. Ling Yue Services Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$240.7 Mil. Hence, Ling Yue Services Group's Days Inventory for the six months ended in Dec. 2023 was 0.96.

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

HKSE:02165' s Days Inventory Range Over the Past 10 Years
Min: 1.09 Med: 1.53 Max: 2.78
Current: 1.1

During the past 6 years, Ling Yue Services Group's highest Days Inventory was 2.78. The lowest was 1.09. And the median was 1.53.

HKSE:02165's Days Inventory is ranked better than
97.65% of 1318 companies
in the Real Estate industry
Industry Median: 696.13 vs HKSE:02165: 1.10

Ling Yue Services Group's Days Inventory declined from Dec. 2022 (1.23) to Dec. 2023 (0.96).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ling Yue Services Group's Inventory Turnover for the six months ended in Dec. 2023 was 190.60.

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. Ling Yue Services Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.

Ling Yue Services Group Days Inventory Historical Data

The historical data trend for Ling Yue Services 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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Ling Yue Services Group Days Inventory Chart

Ling Yue Services Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

2.78

1.70

1.36

1.09

Ling Yue Services Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial					1.58	1.37	1.23	1.26	0.96

Competitive Comparison of Ling Yue Services Group's Days Inventory

For the Real Estate Services subindustry, Ling Yue Services 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.

Ling Yue Services Group's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Ling Yue Services Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ling Yue Services Group's Days Inventory falls into.

Ling Yue Services Group Days Inventory Calculation

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

Ling Yue Services 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
=	( (1.557	+	1.138)	/	2 )	/	453.241	*	365
=	1.3475					/	453.241	*	365
=	1.09

Ling Yue Services 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
=	( (1.388	+	1.138)	/	2 )	/	240.732	*	365 / 2
=	1.263					/	240.732	*	365 / 2
=	0.96

Ling Yue Services Group (HKSE:02165) 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.

Ling Yue Services Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	240.732	/	1.263
	=	190.60

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.

Ling Yue Services Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.263	/	343.927
	=	0.00

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.

Ling Yue Services Group Days Inventory Related Terms

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

Ling Yue Services Group (HKSE:02165) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ling Yue Services Group Ltd (HKSE:02165) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 151, 2nd Tianfu Street, Leading International Finance Center, 44th Floor, Tower A, Gaoxin District, Sichuan Province, Chengdu, CHN, 610000

Website

https://www.lingyue-service.com

Ling Yue Services Group Ltd is a property management company. Its business covers residential property services, commercial property services, urban services, public construction services, and others. The Group's revenue is mainly derived from three major businesses namely property management services; value-added services to non-property owners; and community value-added services. The majority of revenue is derived from the property management services segment.

Executives

Hou Sanli	2201 Interest of corporation controlled by you
Liu Yuhui	2201 Interest of corporation controlled by you
Wang Tao	2201 Interest of corporation controlled by you
Liu Ce	2201 Interest of corporation controlled by you
Liu Haowei	2201 Interest of corporation controlled by you
Long Yiqin	2201 Interest of corporation controlled by you
Jin Sha Jiang Holding Limited	2101 Beneficial owner
Liu Yuqi	2202 Interest of your spouse
Hai Yue Holding Limited
Chen Aoao	2202 Interest of your spouse
Lan Tian	2202 Interest of your spouse
Liu Shan	2202 Interest of your spouse
Tianyue Holding Limited	2101 Beneficial owner
Linghui Holding Limited	2101 Beneficial owner
Yuelai Holding Limited	2101 Beneficial owner

Ling Yue Services Group (HKSE:02165) Headlines

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